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FTA negotiations to start with Gulf States
The Foreign Ministers from the six Gulf Cooperation Council (GCC) member states - Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman - have agreed to begin negotiations for a free trade agreement with New Zealand.
Lawmakers launch lawsuit against South Korea-U.S. FTA talks
A group of 23 South Korean lawmakers on Thursday filed a suit with South Korea’s Constitutional Court, claiming that President Roh Moo-hyun’s administration’s move to conclude a free trade agreement (FTA) with the U.S. is unconstitutional.
FTA: what’s in it for America?
A free trade agreement (FTA) with the United States is a much desired policy aim in Taiwan. It would increase Taiwan’s trade and bind the island more closely to the U.S., Taiwan’s most important ally — even if formal links are lacking. But what is in it for Americans? This, after all, is what will carry weight with Washington.
Thai tuna import tariff to double
Australia will increase tariffs on canned tuna and canned pineapple from Thailand after the finding that they had exceeded quotas under the Thailand-Australia Free Trade Agreement (FTA).
Another bad backroom deal
We’ve all been witness to the Bush administration’s half-truths. Now, it’s the same old song and dance with the Korea-US Free Trade Agreement (KORUS-FTA) talks that are taking place in Seattle this week. While the administration boisterously makes claims about the wonders of free-trade agreements, the real story behind the rhetoric is: undemocratic, unfair and unconscionable.
House could delay vote on Peru trade bill
Republican leaders in the US House of Representatives will likely delay a vote on a free trade pact with Peru until after the November 7 congressional election, US trade experts said on Wednesday.
Singapore still shy over banking
Since the CECA came into effect, trade has increased, but progress in banking is limited.
US-Korea FTA talks bogging down
During the third round of FTA negotiations between Korea and the US that started on September 6, the US required that trade related laws including fair trade laws should be strictly applied to the Korean companies including large conglomerates (known as Chae-bol) and this be clearly stated in an FTA agreement.
US wants stern regulations on S Korean conglomerates
The United States was confirmed to have asked South Korea to include regulations on conglomerates in their bilateral free trade agreement (FTA).
New context helps economic drivers face threats
Shifting world dynamics mean that a proposed overhaul of the US tariff preference system threatening to exclude Argentina, Brazil and Venezuela — the three main countries currently driving trade within Latin America — needs to be examined in a global context.
Services under SAFTA: How to make it work for South Asia?
The service sector has emerged as one of the major contributors in the global Gross Domestic Product (GDP) and trade. On an average, while services account for more than 70% of GDP in developed countries and 50% in developing countries, their share in global exports have grown from 15% to nearly 25% over the last two decades. In the case of South Asia too, the share of services in GDP and trade has increased.
US wants Korea to throw broadcasting open wide
The US wants Korea to open 11 service sectors including broadcasting and telecommunications, home delivery, legal and accounting services. In a third round of bilateral free-trade negotiations, the service sector is tipped to be the main stumbling block since Seoul has a mind to give in to few US demands except letting some US law firms operate here and some others.
A common thread of cynicism
After numerous stakeholder inquiries and intense media commentary, government has finally revealed how it intends to effect the textile and clothing agreement concluded with China in June.
Gov’t calls for expansion of bilateral agreements
The government has called for an expand bilateral agreements with other countries to improve international market access for Philippine products.
Dominicans contract Colombian scientist for DR-CAFTA training
A Colombian scientist in forensics and populations is in the country to undertake an ample training program in advanced molecular biology techniques with a view to creating human resources capable of genetically categorizing the various agriculture crops destined for export in light of the DR-CAFTA trade accord soon to be implemented.
Trade talk protesters promise no violence
Mention "Seattle" and "trade talks" in the same sentence and you’ll send a chill through residents who remember December 1999, when destructive riots broke out during the World Trade Organization meeting.
UN trade official Supachai says yuan issue requires global readjustment
Imbalances related to China’s foreign exchange policies cannot be addressed by China alone and require an international effort, Supachai Panitchpakdi, head of the United Nations Conference on Trade and Development (UNCTAD) said.
Gov’t needs to open up about free trade deal
South Korea and the United States will launch the third round of free trade negotiations in Seattle beginning September 6. Unlike the first and second rounds, both are expected to draw up detailed measures on market opening.
WTO’s Lamy warns over China’s pursuit of separate free trade agreements
WTO chief Pascal Lamy on Wednesday warned that China’s pursuit of separate bilateral and regional free trade agreements would harm its long-term commercial interests.