The notion that 283,000 textile and apparel jobs will be created in Central America as a result of CAFTA is a pipedream.
China is expected to ink its first free trade agreement (FTA) with a single country this year: Chile.
The Federal Government wants to establish a powerful free trade bloc with Asia, giving Australia unprecedented economic access to almost half the world’s population.
Countries in East Asia that are parties to, or in the process of negotiating, one or more free trade arrangements not only with countries within the region but outside the region as well, are looming to take the “hub and spoke” characteristic — for example, ASEAN-China (2010), ASEAN-Japan (2012), and ASEAN-Korea, and Japan-Singapore (2002) and Japan-Philippines. Whether ASEAN would be the hub or spoke remains to be seen.
The first round of negotiations on a Free Trade Agreement between Pakistan and China is scheduled to be held on August 15 and 16 at Urumqi, China.
Malaysian Prime Minister Abdullah Ahmad Badawi on Friday said a free trade agreement with China will be signed by 2013, and that Malaysia’s exports to China surged 25 percent to a record high last year.
Malaysia’s ties with the economic powerhouse of China are set to strengthen further with the implementation of the Asean-China Free Trade Area (FTA), Prime Minister Datuk Seri Abdullah Ahmad Badawi said Friday.
Noting that bilateral trade between India and China is not as vast as their economies, the China Council for Promotion of International Trade has called for expediting the process of a free trade agreement (FTA).
China, the country’s leading export market, has expressed interest in beginning government-level talks with Korea for an early free-trade agreement.
The Indian government is planning to constitute a high-level inter-ministerial group to weigh the pros and cons of having some sort of trade/economic pact with China.
China and the Association of Southeast Asian Nations (ASEAN) are taking a tangible step towards creating the world’s most populous free trade area (FTA).
Commerce minister Kamal Nath’s position that a Free Trade Agreement (FTA) with China would not work until it becomes a market economy is not unreasonable.
The implementation of a free trade agreement (FTA) between China and the Association of Southeast Asian Nations (ASEAN) will negatively affect South Korea’s export competitiveness, a private trade promotion body said Tuesday.
Industry players are generally the most affected stakeholders in any free trade agreement (FTA), but they continually feel they are being left out of the FTA negotiation process. The implementation of the FTA between China and ASEAN nations — which would see almost all import duties slashed starting on Wednesday and gradually dropping to zero by 2010 — is the latest example.
Analysts have said it is a matter of time before China will replace Japan as the ASEAN’s largest trade partner.
Starting on July 20, Indonesia and five other members of Association of Southeast Asian Nations (ASEAN) begin the journey of entering a free trade agreement (FTA) with China — creating a massive single market of approximately 1.8 billion people.
India feels that a free trade agreement (FTA) with China will not work as it is not a market economy.