bilateralism & multilateralism
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?
Premier Yu Shyi-kun encouraged local enterprises Saturday to invest in Central American countries that continue to maintain diplomatic relations with Taiwan, saying this will help the government maintain the ties.
The rationale for regional integration between two or more countries would suggest that such agreements would need to be based on substantial trading interests.
A delegation of the American Chamber of Commerce (AmCham) in Taipei said here Wednesday that although Taiwan is keen on signing a free trade agreement (FTA) with the United States, the time for such an agreement is not yet ripe.
We, members of Via Campesina, a world-wide organization of rural women, peasants, small farmers, rural workers, indigenous people and afro-descendants, from Asia, Europe, America and Africa, met in Itaici, Brazil, from 14-19 June 2004, for our 4th International Conference. We were welcomed warmly, fraternally and in a combative spirit by our hosts, the member organizations of Via Campesina in Brazil.
The Cancun round of WTO negotiations in Mexico last year ended in disarray, prompting countries to seek other means of freeing up trade.
China should become the focal point of an East Asian free trade zone to rival other blocks such as the European Union and the North American Free Trade Area (Nafta), a leading academic claims.
Current U.S. trade policy stresses establishing free trade areas (FTAs) with partners spanning the globe. Motivations include enhancing goods and services trade; stimulating investment flows; extending standards on intellectual property rights, labor, and the environment; and addressing geopolitical concerns.
Regional trade agreements (RTAs) are an integral part of international trade, accounting for almost half of world trade and expected to grow further in the next few years. These agreements operate alongside global multilateral agreements under the World Trade Organization (WTO), and have both positive and negative effects.
Japan and Mexico have reached a basic accord on free trade. Japan promises to increase imports of pork, oranges and other agricultural products from Mexico, while that country says it will import more steel, automobiles and other industrial products from Japan.
World nations are expected to conclude at least 15 FTAs and to initiate negotiations for more than 10 new FTAs in 2004, the Trade Research Institute (TRI) of Korea International Trade Association (KITA) projected. The TRI also predicted FTA negotiations would be active in American and Asian regions as in 2003.
Bilateral agreements are made between two countries, or a grouping of countries (like the European Union) and another country. Throughout the world, many governments have signed, are negotiating, or contemplating new bilateral free trade and investment agreements.
The option of forging separate bilateral free-trade agreements (FTAs) with various countries could put the Philippines at a tighter disadvantage than it presently is under the World Trade Organization (WTO), government negotiators and economic experts admitted.
The 5th World Trade Organization (WTO) Ministerial Conference in Cancun, Mexico, ended without consensus, clouding the prospects for the ongoing negotiations over the Doha Development Agenda.