Australia and Indonesia bolstered trading ties today, which could support efforts by Canberra and Wellington to forge a free trade agreement with ASEAN.
Southeast Asian economic ministers knuckled down here Wednesday to thrash out free trade agreements (FTA), with historically high oil prices intensifying calls for greater regional cooperation.
Asean’s economic officials have proposed to amend the implementation of Asean-India Free Trade Area (FTA) Agreement from Jan 1, 2006, to Jan 1, 2007.
While Singapore will emerge as a major trade partner for India in the ASEAN in services, banking and legal profession, its trade prospects in other ASEAN countries such as Thailand, Malaysia, Indonesia, Philippines and Vietnam will suffer because of protective measures, both tariff and non-tariff, which these nations are unlikely to lift until the Free Trade Agreement (FTA) between India and ASEAN is executed by 2012.
Tata Motors was in the process of setting up a pick-up truck manufacturing plant in Thailand, from where it could access the ASEAN and the Chinese markets through the Free Trade Area (FTA) treaties, a top Thailand trade representative said here.
Several Asian countries and Asean as a bloc are now pursuing trade and economic frameworks and agreements with non-Asean countries.
South Korea and the Association of Southeast Asian Nations (ASEAN) have made substantial progress in their negotiations on a free trade agreement, the Foreign Ministry said Sunday.
South Korea is expected to conclude free trade agreement (FTA) negotiations with the Association of South East Asian Nations (ASEAN) within the year as the fifth round of FTA talks between the two sides have shown significant progress, according to the Ministry of Foreign Affairs and Trade on Sunday.
Thailand’s trade deficit with China could be as high as $2 billion in 2018, when the Asean-China free trade area (FTA) agreement becomes fully operational, a study by Chulalongkorn University shows.
As China and ASEAN are stepping up the construction of a free trade area (FTA) between them, the value of imports and exports of this zone will hopefully exceed that of the NAFTA (North America Free Trade Agreement) by 2010 and its GDP will likely be higher than that in the European Union market.
Prime Minister Junichiro Koizumi and his visiting Thai counterpart, Thaksin Shinawatra, agreed Thursday on a basic accord to lower mutual trade barriers that left key decisions on high tariffs on Japanese cars and Thai rice unresolved.
This IMF working paper of July 2005 describes the proliferation of PTAs in the Asia-Pacific region, discusses their
characteristics and implementation, and assesses their potential effects.
ASEAN General Secretary Ong Keng Yong has called on Japan make more compromises in free trade talks between the country and the regional grouping.
Left behind for years while China’s economy was taking off, the Guangxi Zhuangzu autonomous region is finally showing signs of life thanks to Beijing’s free trade agreement with the Association of Southeast Asian Nations (ASEAN) in 2002.
The Federal Government wants to establish a powerful free trade bloc with Asia, giving Australia unprecedented economic access to almost half the world’s population.
Countries in East Asia that are parties to, or in the process of negotiating, one or more free trade arrangements not only with countries within the region but outside the region as well, are looming to take the “hub and spoke” characteristic — for example, ASEAN-China (2010), ASEAN-Japan (2012), and ASEAN-Korea, and Japan-Singapore (2002) and Japan-Philippines. Whether ASEAN would be the hub or spoke remains to be seen.
Malaysian Prime Minister Abdullah Ahmad Badawi on Friday said a free trade agreement with China will be signed by 2013, and that Malaysia’s exports to China surged 25 percent to a record high last year.
Thailand intends to focus more on increasing regional trade links since bilateral deals with the US and European nations may take years to complete, according to Thai officials.