bilateralism & multilateralism
While terrorism and security are, for good reason, high in people’s minds right now, global trade developments are critically important for New Zealand over the next two to three years.
An Issues Paper for the APEC Business Advisory Council (ABAC)
An election win for Senator John Kerry could make the United States tougher and more cautious on trade, while a victory for President George W Bush would keep the country on the path to more deals, experts say.
Handled with care. That is the best way to describe how the Bush administration has dealt with sugar in America’s international trade agreements.
The Philippines has yet to adopt a systematic framework that would govern its negotiations for bilateral free-trade agreements (FTAs) with other countries, according to two economic analysts.
The international business community has called on Thailand to abandon its plans for bilateral deals and adopt instead the World Trade Organisation’s (WTO) agenda of multilateral cooperation.
In bilateral talks characterised by unequal power relations, the rich will force their will on the poor and the "development" element of trade deals will be diluted to the point of being meaningless. This is especially so when dealing with a country like the US that believes more trade, on its own, equals more development.
Bangladesh is yet to make any clear headway in its bilateral talks in free trade agreements with India, Pakistan and Sri Lanka as well as trade and investment framework agreement with the United States.
Is it really just the US which pushes its economic interests in fora outside the WTO? No! The European Commission as the power centre of EU trade policy is pursuing its own neo-liberal liberalisation and deregulation scheme multilaterally within the WTO and at the same time in regional and bilateral processes!
Synoptic review of what is happening with US trade talks on agriculture, outside the WTO
A consultative committee on free trade has suggested the government to make urgent political decision regarding its position on bilateral free trade agreement (FTA).
It may seem as though a deal is a deal, but experts in the field differ on the relative merits of bilateral and regional agreements, with each having its friends and foes.
In this work, we consult closely with Congress on our priorities and strategies; we use domestic trade law; regional initiatives in Europe, Asia (APEC), Latin America (FTAA) and Africa; existing institutions, notably the World Trade Organization (WTO) and the World Intellectual Property Organization (WIPO).
Although FTAs have both trade-creating and -diverting effects, overall they serve the objective of multilateral trade liberalisation.
From Tokyo to Mumbai, FTAs - free-trade agreements - seem to be every Asian politician’s favorite new phrase these days.
Investment, competition policies, and transparency in government procurement emerged during a recent meeting between trade ministers of the Association of Southeast Asian Nations (ASEAN) and the European Union aimed at seeking ways to boost trade and economic cooperation between the two regions.
United States (U.S.) is aggressively working to open markets globally, regionally and bilaterally to expand American opportunities and to guard its investments in overseas market. With multilateral negotiations proceeding at a slow pace especially following the collapse of talks in Cancun, U.S. is on a spree signing free trade agreements (FTAs) with the Americas, Asian, African and Middle Eastern nations.
Democrat John Kerry probably would put more time and energy into world trade talks and enforcing existing agreements than pursuing bilateral deals like the Bush administration has, a campaign adviser said.
Given the apparently easy way in which FTA rules can be bent and misinterpreted, wouldn’t it be better to dispense with them altogether? Moreover, now that the Doha Round of the WTO has been given another lease of life, why not simply wait for global, multilateral tariff reduction?
With a deal being struck at the World Trade Organisation on 31 July to revive negotiations, will the move towards bilateral trade agreements slow down?