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EU in danger of breaking its promise to the poor
In its economic partnership agreement (EPA) negotiations with the ACP, the European Union seems to have forgotten the development dimension and pursues an agenda that reflects primarily the interest of the EU alone. This pattern is painfully evident in the EU’s pursuit of new and higher standards for intellectual property and other trade-related areas.
Feds to ease out tariff
The Canadian shipbuilding industry’s feared loss of a protective tariff has come to pass and now the industry will have three years to adjust to new market conditions.
Ecuador to mediate Andes for EU deal
Ecuadorian chancellor, Maria Fernanda Espinosa affirmed that her country will mediate differences within the Andean Community of Nations (CAN) prior to the upcoming summit.
Singapore leaders, GCC Secretary General discuss free trade agreement
The visiting Secretary General of the Gulf Cooperation Council, Mr Abdulrahman Hamad Al-Attiyah, met Singapore Prime Minister Lee Hsien Loong on Friday.
Sri Lanka to announce FTA with India by March ’08
The proposed free trade Agreement (FTA) between Sri Lanka and India can become a reality by March 2008. It would trigger trade between the two countries and offer opportunities to exploit potential in service sectors such as finance, tourism, health and education, said CII Southern Region Chairman P K Mohapatra on his return from Colombo on Friday.
EU won’t demand ’duty-free’ access to Caribbean markets - Critical of Jamaica’s high cost of business
A European Union (EU) representative in Jamaica, moving to calm fears that duty-free goods from that region would storm the Caribbean come January 1, 2008 has said the 27-member bloc is not expecting full reciprocity on its blanket offer to eliminate duties on regionally-produced goods entering its market.
Trade accord with Laos signed
The Philippines and the Lao People’s Democratic Republic signed yesterday an agreement on the promotion and protection of investments to increase bilateral trade that has remained low between the two members of the Association of Southeast Asian Nations (ASEAN).
Consumers wait in vain for FTA price reductions
The president of the Dominican Association of Wholesale Importers (ASODAI) Manuel Cabrera says that price reductions are being introduced gradually with the tariff reductions that have come about with the entry into effect of the DR-CAFTA treaty. However, fewer products than originally hoped are affected.
Washington wants rice included in FTA talks with KL
The US Government said Malaysia must open its rice market to reach a free trade agreement, opposing the protectionist stance of the South-East Asian nation.
Philippines needs safety nets in trade pact with Japan
A senior senator in the Philippines on Wednesday said the Philippine government must impose safety nets to safeguard the jobs of thousands of Filipino workers particularly in the garments, electric appliances, and automobile assembly sectors, who stand to lose their jobs if the trade deal with Japan goes through.
Free-trade deal ’devastating’
For the first time in six years, Canada has negotiated a new free-trade agreement - one which could cost the Atlantic shipbuilding industry hundreds of jobs.
Vietnam reduces tariffs on RoK imports
The Ministry of Finance has issued new tariffs imposed on goods imported from the Republic of Korea (RoK) following the ASEAN-RoK Free Trade Agreement (AKFTA) coming into effect on June 1.
More Japanese investors eye Vietnam
Many of the over 170 Japanese businesses present at a June 7 workshop in Tokyo on the Vietnam investment climate have spoken of their possible projects in the Southeast Asian market.
EC provides 7.2 mln Euros to support Asean integration process
The European Commission (EC) has officially launched a 7.2 million euros (RM33.2 million) programme to support the Asean integration process.
First meeting of ALBA ministers concludes in Venezuela
The countries that make up the Bolivarian Alternative for the Americas (ALBA) trade block met in Venezuela this Wednesday for a meeting of the ALBA Ministers. The meeting set forth some of the future integration projects, the organizational structure, and the countries agreed on the formation of an ALBA development bank.
EU sponsors new study on EPAs
Uganda will benefit from a $64,000 fund from the European Union aimed at supporting studies on the likely impact of international trade on its environment.
Africans speak out against EPAs as unwelcome
When European campaigners suggest that a free trade deal could harm the poor, they typically encounter a frosty reaction from civil servants in Brussels. Still, no one tries to muzzle them.
Japan, Australia to attend to agriculture in FTA talks
Japan and Australia agreed Thursday to pay close attention to Tokyo’s politically sensitive agricultural issues when they advance talks for a bilateral free-trade agreement, the next round of which is slated for late July.
Thai logistics must improve for ASEAN-China FTA
Thailand must address its logistics problems if it wants to receive full benefit from the ASEAN-China free trade area agreement, to be effective on 2010, according to new research.
Viet Nam, Japan enter third round of trade negotiations
The third round of negotiations to draft the Viet Nam-Japan Economic Partnership Agreement (EPA) opened in Tokyo yesterday.