Australia’s free trade agreement (FTA) with the United States is only benefiting businesses with well-established links, Australia’s peak industry group says.
Trade minister Toshihiro Nikai’s announcement earlier this month that Japan plans to start talks with 15 other nations in 2008 to create an Asia-Oceania free-trade zone took many by surprise — not only experts but also those within government — sparking speculation about the ministry’s true intentions.
At just $4million, it’s hardly the biggest biotech deal ever struck by an Australian company, but it’s an important first.
Japan’s sponsorship of a vast free trade area including most of Asia, Australia and New Zealand is expected to be on the agenda when Associate Trade Minister Jim Sutton visits Tokyo later this month.
The Japanese government plans to propose the formation of an Asian free-trade zone which could include half the world’s population and rival the EU and NAFTA, an official of the trade ministry said.
Australian farmers are warning the Federal Government to take its time negotiating a free trade agreement (FTA) with China, after a push by Chinese Premier Wen Jiabao to accelerate talks.
China wants a breakthrough on a free trade deal with Australia within two years, Chinese Premier Wen Jiabao says.
Negotiations are ongoing for the Malaysia-Australia Free Trade Agreement (FTA), with focus on tourism, education and professional services.
The governments of the United States, the European Union, and Australia are currently negotiating free trade agreements with the UAE. Human Rights Watch called on these governments to require improvement of UAE’s labor practices and legal standards before signing such agreements.
Australia is to break the link between key economic sectors, to start formal negotiations with China on a free trade agreement (FTA). The offers on goods and agriculture will start before work on services and investment.
Australia and Malaysia are working toward the implementation of a free trade agreement, the first draft of which is due for completion by the end of 2006.
The National Farmers Federation (NFF) is backing increased overseas investment between Japan and Australian agribusiness, as part of any free trade deal between the countries.
Australian negotiators face an uphill battle persuading China to grant special access to its service industries or farmers, in free trade agreement negotiations now in full swing.
Malaysia and Australia on Thursday signed a Memorandum of Understanding (MoU) aimed at building a new cooperation on agricultural, food processing, livestock and fisheries trade.
Just one year into the free trade agreement (FTA) with the US, Trade Minister Mark Vaile - who signed the FTA - may agree to dump the Australian Wheat Board (AWB) single desk system. The system was set up in 1939 when growers pooled their wheat to protect their incomes.
Australia and Malaysia have signed a memorandum of understanding that aims to foster trade in agriculture, food processing, livestock and fisheries. The MoU is separate from the proposed free trade agreement between the two countries, and comes as the United States announced it would begin formal negotiations for a free trade accord with Malaysia.
Trade Minister Mark Vaile has briefed senior Bush Administration officials on the Cole inquiry, will today brief members of Congress, and is defending Australia’s monopoly wheat sales system from the attacks of US lobby groups.
CHINA is now in the World Trade Organisation and is negotiating free trade agreements. It wants to be a player in the game of world trade. Yet it does not understand the rules of that game. How else to explain Beijing’s decision this week to control the price of exports of iron ore from Australia and Brazil? This is not permitted in the WTO world of multilateral trade.
Key rural commodities including wine, milk and wool will be in keen demand from China if a free trade agreement with Australia is struck, a new report has found.
The United States said Tuesday it would not re-open a completed bilateral trade agreement with the Australian government to expand access to U.S. sugar markets, but would work to expand trade and investment ties between the two nations.