bilateralism & multilateralism
Trading partners of the United States will have less confidence that the United States can honour trade deals it is negotiating after Congress leaders announced that they would not renew the President’s fast-track trade authority, and also rejected two FTAs.
Asia Pacific Economic Cooperation (Apec) trade ministers will meet next week to mull ways to standardise rules in regional and free trade pacts so that countries face fewer complications when they are members of several accords.
Australia could be invited to join the North American Free Trade Agreement as part of a strategy among Asia-Pacific nations to deal with the collapse of world trade talks.
The World Trade Organization (WTO) lays down parameters for the conduct of international trade among its 150 member countries. The basic objective, as stated more than implemented, is to provide a fair, transparent, non-discriminatory, rule-based multilateral trade environment.
An update (to end 2006) of WTO’s discussion paper on RTAs/FTAs
It is billed as a "competitiveness" forum bringing business and government officials from across the Western Hemisphere to Atlanta with the goal of boosting trade, investment and livelihoods for the region’s 800 million citizens.
Free trade with Iceland and Liechtenstein is not exactly a hot political topic in Canada. But last week, Canada announced a deal with those two little countries along with Norway and Sweden - together they refer to themselves, rather grandly, as the European Free Trade Association. It’s not much, but it’s more than this country has accomplished in the trade arena is some time. Trade Minister David Emerson says there’s more to come, to which Canadian exporters and consumers can only say: "It’s about time."
Mexican minister of economy Eduardo Sojo says Indian companies should use Mexico, through its 44 FTAs, as a gateway to enter the US and the Latin American market.
The stalled Doha round of talks of the World Trade Organization is what is driving the process of integration in East Asia, Philippine President Gloria Macapagal-Arroyo said Thursday.
Asian economic regionalism, driven by active FTAs, reached a decisive point recently as China, South Korea, Japan and ASEAN countries compromised on the plan for financial reserves to put the possible financial crisis under control.
The agreement announced today is a fundamental shift in US trade policy and clears the way for broad, bipartisan congressional support for the Peru and Panama FTAs.
Trade policy in Asia is dangerously unbalanced. It rests on a shaky leg of discriminatory bilateral and regional FTAs. Its other WTO leg has gone to sleep: most Asian countries have neglected the WTO in favour of FTAs. Its regional-cooperation arm is limp: grand visions for regional
economic integration are mostly empty conference chatter.
While world trade talks remain deadlocked, the European Free Trade Association (Efta), of which Switzerland is a member, continues to extend its network of free trade accords.
The European Union will aim to design bilateral trade deals with other regions and countries that can be applied to a future world trade agreement even if last-ditch efforts to forge a global pact fail later this year, an EU trade official said Tuesday.
ASEAN is being fragmented by intensifying US-China competition for regional influence, which is putting a premium on bilateralism with the big powers at the expense of ASEAN’s ambition toward more regional multilateralism.
“Multilateral trade agreements require much patience and involve complicated processes. If trade determines the survival of your country, you need to be more active in shaping bilateral or multilateral trade frames,” said Chile’s Deputy Foreign Minister Alberto Van Klaveren during a two-day visit to Seoul.
How the World Bank’s investment court, free trade agreements, and bilateral investment treaties have unleashed a new era of corporate power and what to do about tt
Canadian exporters are facing discrimination in Latin America and elsewhere because of exclusive trade pacts the United States has with those countries, Trade Minister David Emerson has complained.
As the latest World Trade Organization round of talks loses momentum, bilateral and regional free trade agreements are mushrooming in Asia.
I had the opportunity to present a working paper at the 7th Forum for Democracy, Development and Free Trade held at the Qatari capital of Doha last week.