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Even as Congress has finally begun a serious debate about whether U.S. troops should be withdrawn from Iraq, another part of President Bush’s "war on terror" is advancing with far less public fanfare.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.
Prime Minister Shaukat Aziz said in Karachi on Sunday that no progress had been made so far with the Indian government on the resolution of Siachen, let alone Kashmir and other vital issues, but he hoped that “outstanding issues will be resolved soon if the dialogue between the two neighbours continues”.
The American-backed FTA is certainly not designed to serve the interest of ordinary Malaysian or American workers (it may well lead to the practice of dumping and out-sourcing instead), but it will invariably open up the Malaysian economy to the rigours and discipline of the global market.
A senior US senator drew clear lines Wednesday on what the Congress will not accept in a free trade agreement (FTA) with South Korea, including imports from an industrial complex inside North Korea.
Once we confront the flimsiness of the free trade ideal and admit that every deal has varied implications, the sleight of hand that characterizes so-called global free trade might begin to be broken down and something called fair trade might yet emerge.
Five months after signing a Free Trade Agreement (FTA) with the US, Oman continues to restrict the import of Israeli-made goods despite a pledge made to the US that it would not boycott the Jewish state, The Jerusalem Post has learned.
The first round of free-trade negotiations between Korea and the US failed to produce agreement on products made at the joint-Korean Kaesong Industrial Complex in North Korea.
The US government has confirmed that Bahrain is no longer part of an Arab boycott of Israeli products in line with its commitment to the bilateral Free Trade Agreement (FTA).
Negotiations for a free trade pact between South Korea and Japan have been deadlocked for more than a year partly due to differences over how the two sides view their history, South Korea’s commerce minister said on Friday.
The US is a much better free-trade partner for Korea than China or Japan, where issues of race and historical animosities would make an agreement difficult, Korea’s chief negotiator in free-trade talks with the US said Thursday.
The importance of trade as a vehicle that can also produce significant political effects was the focus of a Cato Institute briefing on Capitol Hill entitled "Building Foundations for Freedom, Commerce and Peace in the Middle East."
If Solana wants to demonstrate genuine support for the Palestinians he can start by calling for the suspension of the EU-Israel Association Agreement, in accordance with its Article 2 which grants Israel trade privileges only on condition that it respects human rights.
Pakistani Prime Minister Shaukat Aziz said on Monday that free trade with India was not possible without resolving political disputes.
Policymakers should realize that free trade agreements (FTAs) are neither necessary nor sufficient for economic growth, Dr. Josef Yap, president of the government think tank Philippine Institute for Development Studies, said in a study.
Qatar has frozen bilateral free trade talks with the United States, saying Washington was imposing preconditions that were not in Doha’s interest.
South American nations will have to choose whether they want continental unity or individual trade agreements with the United States — but not both, Venezuelan President Hugo Chavez said Wednesday.