Value pact over quota | 22-January-2006
Work on talks for a free trade pact between Korea and the United States has been accelerating since President Roh Moo-hyun’s New Year’s address. The Ministry of Foreign Affairs and Trade recently announced it would hold a public hearing early next month to gather opinions on such a pact. Accordingly, the government is likely to soon declare the start of negotiations with Washington.
Scoping studies to pave way for Free Trade Agreement | 22-January-2006
MALAYSIA and Chile are moving towards an eventual Free Trade Agreement (FTA), with both sides to undertake scoping studies. A Joint Study Group has been formed to complete the task and submit recommendations to both governments by the end of the year.
Free trade and movies | 22-January-2006
The government is hurrying to conclude a free trade agreement with the United States before June 2007 at the latest. It appears natural for Korea to facilitate the FTA process with America, the world’s largest economy and Seoul’s greatest ally. The biggest stumbling block is the screen quota, a protective device for the domestic film industry, or so says Washington.
Panama: Wave of protests | 22-January-2006
Panamanian unions and civilian groups Friday warned they would continue pressuring the government in order to hamper signing of a Free Trade Agreement (FTA) with the US and support a similar pact with Chile.
Investment treaty: Pakistan, US fail to make progress | 21-January-2006
Pakistan and United States on Friday concluded the fourth round of talks on the proposed Bilateral Investment Treaty (BIT), which remained inconclusive due to differences on some clauses of the agreement.
Oman pact boosts US agenda in the Middle East | 21-January-2006
The Bush administration is pushing a spate of free trade agreements with its allies in the Middle East that mostly lack input from marginalised local communities or civil society groups.
Korea-US trade talks could start soon | 21-January-2006
Trade Minister Kim Hyun-jong said in a news conference Friday, “It remains to be seen whether the upcoming international economic ministers’ meeting scheduled for February 2 will decide to begin Korea-U.S. Free Trade Agreement (FTA) negotiations.” Current Korean FTA regulations stipulate that an international economic ministers’ meeting shall make decisions on whether to start FTA negotiations after taking public opinion into consideration at a public hearing.
Peru endorsed Miami as site of free trade pact secretariat | 21-January-2006
President Alejandro Toledo endorsed Miami as the headquarters for a proposed free trade secretariat as Florida Gov. Jeb Bush completed a two-day trade visit to Ecuador and Peru.
Morales not opposed to US trade deal | 21-January-2006
Backing away from his tough campaign talk against US-sponsored trade initiatives, Bolivian President-elect Evo Morales said Friday he no longer rules out a free-trade deal with the United States and three other Andean nations. But he did not say he supported such a deal, either.
China-ASEAN FTA agreement benefits China’s textile export | 21-January-2006
Since China and the ASEAN started their tariff reduction process on July 1, 2005 on the basis of the China-ASEAN Free Trade Area (CAFTA) agreement, the ASEAN would gradually lower its tariff upon Chinese textile and apparel, which may increase China’s textile export to this region.
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