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ASEAN


Cabinet okays Asean-Canada FTA framework
The cabinet yesterday approved the negotiation framework for the Asean-Canada free trade agreement (FTA), hoping the pact will help open a gateway for Thailand into North America.
Prime Minister calls for early review of India-ASEAN FTA
Prime Minister Narendra Modi has called for an early review of the ASEAN India Free Trade Agreement (FTA) in goods that the country has been insisting on to help Indian businesses gain better market access in the region.
FTAs need to be reworked
India is currently faced with the challenge of rebalancing its trade strategies because of some significant changes occurring in the global economic environment. Further, India is looking to fast-track its FTA negotiations with countries such as the US, the UK, Australia, the EU, Canada and the UAE.
The Asia-Pacific’s Free Trade Disagreements
While competition among FTA styles can drive innovation, it does present a key problem for non-super-sized economies: knowing which one to adhere to. For all the new ideas they offer, the various deals available within the Asia-Pacific are often inconsistent and cannot exist comfortably side by side.
China, Brunei call for RCEP trade agreement’s early entry into force at Asean meeting
Leaders of China and Brunei called for bringing the Regional Comprehensive Economic Partnership (RCEP) into force at an early date.
Canada wants to deepen trade ties with ASEAN
A free trade agreement between the ASEAN and Canada will be a win-win for all sides, particularly in the context of economies that are struggling to come out of the pandemic, Canada’s Prime Minister said.
Brunei becomes sixth country to ratify RCEP
Brunei has ratified the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement, almost one year after signing the 15-nation pact.
India calls ASEAN for removal of Non-Tariff Barriers
Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, has called upon the ASEAN bloc to do away with Non-Tariff Barriers (NTBs).
Asean-EU free trade deal negotiations set to resume
Asean is set to resume free trade agreement (FTA) talks with the EU after negotiations were suspended since 2009.
S. Korea to expand FTAs with more emerging countries in S.E. Asia, Latin America
South Korea said it plans to implement or launch negotiations for a set of new FTAs with trading counterparts from Southeast Asia and Latin America this year, as part of efforts to reduce its reliance on major economies.
China and ASEAN push for timely RCEP start as Jan. 1 looms
Countries that have signed on to the East Asia-spanning RCEP trade deal are going full speed ahead with plans to implement it on Jan. 1, 2022, despite foot-dragging by a majority, with China and ASEAN especially keen, for their own reasons, on seeing the pact come into force soon.
S. Korea proposes digital trade pact with ASEAN
South Korea on Monday proposed a new pact on digital trade with Southeast Asia to cope with the changing global business environment and forge deeper economic ties with the region.
‘Gap’ noted in ASEAN, European Union views on sustainability amid hopes for trade deal
Differences on sustainability matters and government procurement policies must be resolved as the two blocs seek to revive free trade talks, the EU Ambassador said.
Thailand and EU resume free trade agreement negotiations
Thailand and the European Union (EU) have agreed to resume negotiations on a free trade agreement (FTA) seven years after the collapse of negotiations in 2014 after a military coup in Thailand.
Thailand moves to strengthen EU ties amid US-China rivalry
The Southeast Asian country is looking to revive trade and business with the European Union to avoid dependence on Beijing and Washington. Economists say a free trade agreement is expected within the next few years.
S. Korea, ASEAN to upgrade their FTA
South Korea’s trade ministry it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers.
Thailand pins high hope on FTAs to boost exports
Thailand’s Commerce Ministry looks set to propose negotiation frameworks for the Thailand-EU free trade agreement and ASEAN-Canada FTA for cabinet approval in the third quarter, aiming to boost the country’s exports.
Public hearings to be held over Asean-Canada FTA
Thailand and Asean counterparts are set to rev up discussions with Canada to establish a scope of negotiations for an Asean-Canada free trade agreement (FTA), with the aim to kick off negotiations later this year
Malaysia, New Zealand agree to advance work on ASEAN-Australia-NZ FTA, says Azmin Ali
Malaysia and New Zealand have agreed on upgrading the regional ASEAN-Australia-New Zealand FTA (AANZFTA), which is undergoing a comprehensive review, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.
ASEAN, other free trade pacts hurting domestic cocoa processing sector
The domestic cocoa processing industry is aggrieved that India’s free trade agreements (FTAs) with the ASEAN and other nations are hurting its competitiveness given an inverted duty structure affecting their operations.