BITs are generally crafted as political documents and quite often contain no mention of development. Western countries prefer to prioritize investment. If a development objective is involved, it is often generalized to the exclusion of any role for government.
Taiwan will continue to enhance economic ties with its Central American allies through either bilateral Free Trade Agreements (FTAs) or the "Jung Pang Project," President Chen Shui-bian said yesterday.
Long taken for granted by its much larger neighbors, Uruguay suddenly finds itself one of the main fronts in the struggle between the United States and Venezuela for dominance in South America. Washington is offering a free-trade agreement that would pull Uruguay into the United States’ orbit and weaken Mercosur, the regional trade group to which Uruguay and Venezuela belong. Mr. Chávez has countered with attention-getting investments, subsidized oil, acts of charity and a growing alliance with left-wing factions of the ruling Broad Front.
At issue are commodities as varied as rice, apparel and automobiles, as well as lucrative new markets in banking and other financial services, with potentially billions of dollars in commerce at stake. But for several countries negotiating trade pacts with the US, the outcome may have less to do with economics than with American election-year politics.
Burma and the US elections are singled out as sticking points.
Jordan’s Minister of Labour Bassem Salem on Sunday met with US Ambassador David Hale and delegates of the Office of the US Trade Representative to outline efforts to safeguard workers’ rights in the country’s Qualified Industrial Zones (QIZ).
The Youth Movement at Malaysia’s ruling National Party have called for suspension of Malaysia US free trade negotiations for the White House’s objection to ceasefire calls in Lebanon and urged immediate trial of Israel before the ICJ for its brutal aggressions against the Lebanese and Palestinians.
Washington recently played host to the annual African Growth and Opportunity Act (Agoa) forum, an annual event mandated by the Agoa legislation which brings together stakeholders from Africa and the US.
According to recently-released data from a conference held last year, when China showed its intention to seek a free trade agreement with Korea, the U.S. gave a strong warning and the Korean government backed away from the deal, going with the U.S. instead.
South Korean Trade Minister Kim Hyun-chong on Thursday denied a report that the Seoul government rejected China’s proposal to sign a free trade agreement last year after the United States expressed concerns over Beijing’s huge presence in Northeast Asia.
You might as well call it Newton’s Third Law of Trade Negotiations.
The U.S. has bluntly warned the pro-independence government of President Chen Shui-bian that it will not negotiate a Free Trade Agreement (FTA) with Taiwan unless the island opens san-tong (three direct transport links) with the mainland, the island’s biggest export market.
Visiting Australian Foreign Minister Alexander Downer expressed hope that Canberra could enter into official negotiations on a free trade agreement with Japan next year by concluding the ongoing feasibility study at an early date, Japanese officials said.
Taiwan urged the United States to move quickly to forge a free-trade agreement (FTA) with America’s eighth biggest trading partner, despite bitter objections from China.
The elements of a proposal to Iran as approved on 1 June 2006 at the meeting in Vienna of Britain, China, France, Germany, Russia, the United States and the European Union, including the commitment to achieve an EU-Iran Trade and Economic Cooperation Agreement on trade and investment.
Free-trade agreements generally set tariffs on beef and commodities and deal with government procurement contracts and labor provisions. But as US Congress prepares to vote on a contentious free-trade accord with Peru, the figure of Venezuelan President Hugo Chavez is looming large.
The government could give up trying to persuade the U to recognize products from the inter-Korea Kaesong Industrial Complex as made in South Korea in free trade negotiations. “It has become impossible to win Washington’s consent about the Kaesong issue because of North Korea’s sudden missile launches,” an official here said.
The U.S. Congress is likely to approve a free trade agreement that includes strong foreign policy components with Oman, one of Washington’s closest allies in the Middle East, despite protests over the Arab country’s record on labour standards, human rights and the environment.
In keeping with the global trend, it is free trade agreement (FTA) talks galore in the Gulf. Apart from a deal with Lebanon, the Gulf Cooperation Council (GCC) countries are collectively and individually negotiating FTAs with the United States, European Union and India at present.
Even as Congress has finally begun a serious debate about whether U.S. troops should be withdrawn from Iraq, another part of President Bush’s "war on terror" is advancing with far less public fanfare. Last month, the Senate Finance Committee approved the implementation of the U.S.-Oman Free Trade Agreement and cleared the way for its consideration by Congress.