The European Commission is to launch negotiations on investment protection with the Association of Southeast Asian Nations (ASEAN), as part of ongoing free trade talks.
India and the 10-nation ASEAN are set to formally sign a free trade agreement on services and investments by the end of 2013 and implement the ambitious agreement by July 2014, a top official said Monday.
ASEAN and Hong Kong plan to start discussing a free-trade deal by early next year in a move to promote trade and economic growth.
Singapore Prime Minister Lee Hsien Loong, who is in China for a one-week visit, has said that China is keen to review and improve its Free Trade Agreement with ASEAN and that Singapore will do its part in this development.
Thailand is eager to wrap up a free-trade agreement with the European Union after the bloc began pursuing bilateral deals with many major markets.
Michelangelo Pipan, Italy’s ambassador to Thailand, is bullish on the prospects of a successful free trade agreement between Thailand and the European Union.
Issues related to movement of professionals under mode 4 and mutual recognition of qualification in medical and education are said to be the main roadblocks.
ASEAN trade officials, along with its six partners, kicked off talks on a regional trade agreement in Bandar Seri Begawan, Brunei Darussalam, on Thursday. The talks began with the establishment of the trade negotiating committee that would discuss various trade and investment issues until next Monday, Trade Ministry director general for international trade cooperation Iman Pambagyo said.
The long forgotten traditional links including the historic Stilwell Road connecting the North-east and the neighbouring countries have emerged as critical to connecting South Asia and Southeast Asia.
The Association of Southeast Asian Nations (ASEAN) will pursue a free trade agreement with Hong Kong, a document obtained by AFP said Tuesday.
The European Commission will begin a week-long free trade agreement (FTA) negotiation with Thailand in Brussels in late May, the first round of official talks, with the hope of reaching an agreement in 18 months.
In order for Indonesia to boost its international trade and economic growth, it needs a free trade agreement with the European Union and to later work toward a similar agreement among members of the Association of Southeast Asian Nations, a seminar has heard.
Shinzo Abe’s recent announcement that Japan aims to join the Trans-Pacific Partnership trade negotiations has sparked life into other trade talks Japan has aimed to start, with those for an economic partnership agreement with the European Union the latest example.
Backgrounder from Asia Briefing
Intra-Asian trade is rising and so is the number of Asia’s free-trade agreements. Join ADB trade experts Ramesh Subramaniam and Jayant Menon in a live discussion.
Members of the Association of Southeast Asian Nations (ASEAN) together with the group’s six major trading partners are slated to begin in May the first round of negotiations to form the world’s largest economic bloc by 2015.
India’s free trade agreement (FTA) with the 10-member Association of Southeast Asian Nations ( Asean), which kicked off for trade in goods from 2010, is an important building block of its Look East policy, and its efforts to integrate with a wider pan-Asian economic community encompassing China, Japan and Korea.
Six regional iron and steel associations have joined forces seeking for a review in the Asean-China Free Trade Agreement following the dramatic influx of steel products from China into Asean over the past three years, said Asean Iron and Steel Council president Chow Chong Long.
The Philippine government and the private sector should move on setting up free trade agreement (FTA) negotations with the European Union, a foreign business association said.
Trade between China and the Association of Southeast Asian Nations reached a record high of $400.9 billion in 2012 and the biggest progress in trade facilitation was a consensus on the launch of the Regional Comprehensive Economic Partnership.