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ASEAN
Korea has taken another step forward in its pursuit of free trade agreements by signing the framework agreement with ASEAN on Tuesday. It should provide new momentum toward launching or accelerating talks with more trading partners, including the United States, Japan and China.
Asean has expressed its concern on India’s proposal to exclude a large number of products from tariff concessions under the Free Trade Agreement (FTA).
The Korea-ASEAN FTA will include the free flow of goods, services and investments, but a stumbling block emerged with a dispute over rice imports from Thailand. The issue is a sensitive one when Korean farmers are protesting about the removal of trade barriers on farm products under the WTO.
Japan plays a key role in promoting economic integration in Southeast Asia by helping to narrow the gap between developed and less developed countries in the region, scholars from the Association of Southeast Asian Nations told a recent symposium in Tokyo.
South Korea and Southeast Asian nations on Tuesday inked a tariff-slashing Free Trade Agreement (FTA), with Thailand choosing to be excluded from the pact which does not include rice in its list of items.
South Korean President Roh Moo-hyun and leaders of the 10 ASEAN countries, Japan and China held a one-day "ASEAN Plus Three Summit" in the Malaysian capital on Monday and adopted a joint statement calling for redoubled efforts for the formation of the so-called East Asia free trade agreement.
Australian Ambassador Colin Heseltine left Seoul two days ago for home at the end of his assignment with one major bit of unfinished business - he was not able to push the excellent bilateral relations between both countries to an even higher level with a free trade agreement.
With the preliminary Free Trade Agreement (FTA) negotiations with Asean, South Korea is expected to compete with China and Japan on a level playing field, a South Korean minister said Monday.
Saying that India was examining ways to develop regional trading arrangements with China, Prime Minister Manmohan Singh today gave an affirmative commitment here that India will dismantle ’’unwarranted’’ barriers, expand global capital flows and bring down tariff rates to levels prevalent in ASEAN countries, as a build-up to creating an East Asian Community.
Prime Minister Datuk Seri Abdullah Ahmad Badawi said the enlarged East Asian free trade agreement (FTA) was not intended to replace the World Trade Organisation (WTO) as most of the negotiations done by Asean were WTO-compatible.
TOILET seats, dolls and chewing gum were some of the products a bemused Datuk Seri Rafidah Aziz said had presented a hitch to the negotiations to the Asean-India Free Trade Agreement (AIFTA).
Asean Secretary-General Ong Keng Yong admitted Saturday that some of Asean’s free trade agreement (FTA) negotiations were difficult, and cited talks with India, Japan and South Korea as examples.
Japan is craving a "return to Asia", and the kernel of its regional strategy is to "Japanize" regional policies, legal system, industrial division and financial and monetary fields. It mainly targets some ASEAN countries, at the same time avoiding Free Trade Agreement (FTA) but bending on Economic Partnership Agreement (EPA).
India and the Association of South East Asian Nations aim to forge a free-trade agreement by the start of ’07, both sides said after a meeting on Friday.
A row over Asia’s staple food, rice, is threatening to scuttle a proposed free-trade deal between the Association of Southeast Asian Nations (ASEAN) and South Korea, which wants to protect the key sector from tariff cuts.
The Association of Southeast Asian Nations (ASEAN) is expected to sign free trade agreements next week with India and South Korea, Malaysian International Trade and Industry Minister Rafidah Aziz has said.
Goods made in the North Korean border city of Kaesong will likely benefit from a free trade agreement (FTA) to be signed between South Korea and the Association of Southeast Asian Nations (ASEAN) next year, a senior presidential aide said Tuesday.
Korea aims to close free trade agreements with ASEAN countries by the end of 2006, presidential adviser for foreign affairs Chung Woo-sung said Tuesday. The government will seek to sign basic agreements during Korea-ASEAN summit talks in Kuala Lumpur, Malaysia on Dec. 13.
Hyundai Motor Co. will put up a car-assembly plant in the Philippines after the Association of Southeast Asian Nations (Asean) and South Korea forge a free-trade agreement, according to the Korean carmaker’s sole distributor in Manila.
Korea is expected to sign a framework agreement for free trade with the Association of Southeast Asian Nations in mid-December.
