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Commerce and Industry Minister Piyush Goyal hailed Prime Minister Narendra Modi for India’s decision to opt-out of the RCEP noting that it was nothing more than a FTA between India and China.
Conflict over trade dominated the economic headlines in 2019, so it’s surprising that the year ended with significant progress on three trade agreements.Each tells a different story about the outlook both for the global economy and for relations between nations.
Top trade officials from South Korea, China and Japan agreed to accelerate their trilateral free trade talks and ramp up efforts to conclude a mega Asia-Pacific trade deal.
One hundred and sixty-one members of the US House of Representatives sent a letter to US Trade Representative, urging him to open negotiations on a bilateral trade agreement with Taiwan.
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.
The US House of Representatives overwhelmingly passed the new North American trade deal.
On paper, Mexican workers should be big winners from the new Nafta. They’re not holding their breath.
South Korea said it plans to expand its global network of free-trade agreements in 2020 by establishing deeper ties with emerging countries.
The high emission intensity of beef production in the Mercosur countries can reach levels that are more than double the emission intensity of Irish beef.
The Trump administration is setting its sights on another trade agreement with India.
Taiwan is expected to sign a new bilateral investment agreement with Vietnam in Taipei to reinforce protection for Taiwanese enterprises operating in the Southeast Asian country by establishing an intergovernmental mechanism to provide assistance and support.
FTA between Peru and Australia will enter into force in February 2020, stated the head of the Ministry of Foreign Trade and Tourism (Mincetur), Edgar Vasquez.
As with many other countries, Pakistan’s FTA with China has had a devastating impact on its domestic SMEs. Beijing and Islamabad have a strategic partnership, but the Chinese remain cutthroat competitors in trade.
The European Free Trade Association (Efta), a regional trade bloc and free trade area consisting of Iceland, Liechtenstein, Norway and Switzerland, is keen to revive free trade agreement (FTA) talks with Thailand.
The trade accord to revamp Nafta cleared the Ways and Means Committee, sending the measure to the full House.
Chinese foreign affairs minister Wang Yi called for the launch of free trade talks with the EU, in parallel with ongoing negotiations on an investment deal.
The Indonesian negotiating committee for the establishment of the RCEP wants the “Indian issues” to be resolved early 2020.
Lighthizer also said that a US-UK trade deal is a priority for Washington and negotiations will be launched as soon as Britain is in a position to do so.
the EU will no doubt push for FTAs with further ASEAN states. But with each bilateral trade agreement, the need for a regional agreement recedes. As each nation opens up to tariff-free trade with the EU, the need for an overarching regional FTA diminishes.
The Free Trade Agreement and Investment Agreement signed between China’s Hong Kong Special Administrative Region (HKSAR) and Australia in March will enter into force on Jan. 17, 2020.