Chile and Turkey finished the last round of negotiations on a bilateral Free Trade Agreement (FTA), announced Friday the Chilean Foreign Ministry.
To meet the interest of Chile becoming a bridge between Asia-Pacific markets including Indonesian and South American, especially Latin America markets near to the Atlantic ocean, Indonesia and Chile are discussing the possibility of free trade agreements of both countries.
The Peruvian opponents’ principal argument is that Congress should have approved the FTA, as decreed by article 56 of the Constitution.
A free trade pact between Peru and Chile will take effect this week, a sign that two of the most open economies in South America are deepening their commitment to trade to help weather the global economic crisis.
The Australia-Chile Free Trade Agreement is set to come into force on 6 March, 2009, allowing a host of Australian exporters a greater opportunity to enter a growing market.
President Bachelet reportedly asked her Korean counterpart to come to the negotiating table next March in Singapore, where countries including New Zealand, Singapore, Chile, Brunei, the United States, India, Peru and Australia are expected to start negotiations on a multilateral FTA. According to Korean Presidential spokesman Lee Dong-kwan, President Lee gave a positive response to the proposal.
The free trade agreement begun by New Zealand, Singapore, Chile and Brunei - known as the P4 - two years ago is set to expand even further with two more countries , Australia and Peru, as well as the United States wanting to join.
Australian horticulturalists have launched a scathing attack on the Federal Government following its vote to allow free trade with Chile.
The government of Chile is open to forging some form of free-trade pact with the Philippines, seeing that Asian countries, most especially those in the Asean, would be among the major global economic growth drivers in the next few years.
Horticulture has been the sacrificial lamb in the Chilean Free Trade Agreement, Australian industry leaders say.
The AC-FTA represents a new generation of Free Trade Agreements and establishes a broad level of market access. Australian companies are certain to benefit,
The collapse of the World Trade Organisation talks has prompted forecasts of a proliferation of bi-lateral free trade deals, such as that signed by Australia and Chile today. Australian Trade Minister Simon Crean said the FTA is a "high-quality agreement where commitments go beyond" what each country had committed at the WTO.
Foreign Minister Alejandro Foxley arrived in Sydney, Australia today, where he will attend various activities, which include the signing of a Free Trade Agreement with the nation.
Chile and Turkey ended the second round of negotiations on a Free Trade Agreement on Friday, the Chilean Foreign Ministry said, adding that "It’s very important to integrate the private sectors in this process, because they will take advantage of the FTA."
The Strategic Association Agreement signed by both countries promotes trade relations and cooperation in foreign affairs regarding shared principles in areas such as global trade, UN security policies and human rights.
The Rudd Government says its first successful free trade agreement reveals the tests it will apply to all bilateral trade negotiations as it switches the emphasis of trade policy back to multilateral free trade talks.
Austalia and Chile have concluded negotiations for a free trade agreement, with Australia’s mining sector being a major beneficiary.
Turkey aims to start negotiations this year over a free-trade agreement with Mercosur, the South American trade bloc, Turkish Foreign Trade Undersecretary Tuncer Kayalar says
Even as the Brazilian Parliament is yet to ratify the India-Mercusor Preferential Trade Agreement signed by its President Lula in 2004, another South American country, Chile, has thrown a surprise on Tuesday, suggesting that it was willing to upgrade its Preferential Trade Agreement with India, signed in 2006, to the level of a Free Trade Agreement (FTA).