"The ball is in Taiwan’s court. It’s not enough simply to say that we want an FTA."
The European Union and the GCC wound up talks on a long stalled free trade deal yesterday without agreement on opening up the region’s lucrative services sector.
Minister of Integration and Foreign Trade Gustavo Márquez declared Tuesday that in the event that the parties to the Andean Community decide to sign a Free Trade Agreement (FTA) with the United States, Venezuela will have to revise trade arrangements with those nations.
President Chen Shui-bian on Tuesday urged the United States and Japan to consider signing free trade agreements with Taiwan, saying that only by having such agreements in place can the island’s economy stand without heavily depending on China and can security and peace in the Asia-Pacific region be maintained.
With cooperation between China and the Association of South East Asian Nations (ASEAN) deepening, the construction of a China-ASEAN Free Trade Area (FTA) has entered a full-spectrum cooperation period, said Chong Quan, spokesman for China’s Commerce Ministry.
Security has been so dominant in the past in Seoul’s relations with Washington, its sole military ally, that other crucial agenda items have often failed to draw adequate attention from top South Korean policymakers.
Bahrain’s parliament yesterday rejected a decision by the government to lift a ban on Israeli goods as part of a trade deal with the United States.
Australia’s support of the US in Iraq could help local companies crack the huge US government contract market, an American consultant on the US-Australia FTA says.
Oman came to the closing stages of its Free Trade Agreement (FTA) negotiations with the US on October 3, after talks on the final details closed successfully. Omani and US officials say the final signing should now take place early in 2006.
Business giants in the US are backing the Free Trade Agreement with Bahrain as it comes under scrutiny in hearings at the Senate and House of Representatives in Washington.
Reports have circulated that Kuwait will lift its embargo on Israel, but they remain unconfirmed. The Kuwaiti daily Al Qabas noted that Kuwait had not yet signed a free-trade agreement with the United States. Such an agreement would not permit a trade embargo on Israel.
Taiwan President Chen Shui-bian made a pitch for the signing of a free trade agreement with Honduras during a state banquet host by him for visiting Honduras President Ricardo Maduro yesterday.
The decision to lift boycott of Israel in line with the US FTA does not entail any economic, cultural, political, diplomatic or any other form of normalisation, Bahrain’s Foreign Minister said.
Nineteen societies and non-governmental organisations (NGOs) have rapped moves to normalise relations with Israel and called for joint national and regional efforts to abort the US-initiated Broader Middle East project.
US Democrats pressed Bahrain on Thursday to change its labor laws before an expected vote in Congress this year on a bilateral free trade pact with the tiny kingdom known as the Gulf’s banking hub.
"We have been repeatedly told by officials that the free trade agreement [FTA] signed with the US did not include an article on allowing Israeli goods into Bahrain, but we see that the situation has changed now," Al Mouawda said.
Bahraini Foreign Minister Sheikh Mohammed ibn Mubarak Al-Khalifa confirmed Friday that Bahrain officially has ended its boycott of Israeli goods in favor of the United States’ Free Trade Agreement.
Like Taiwan’s first free trade agreement (FTA) with Panama its second free trade pact, with Guatemala, will have more significance politically than economically, economists said yesterday.
Welcoming the signing of the Free Trade Agreement between the US and the UAE, Anis Nassar, president of the American Business Council in Dubai said the move would help increase the economical potential of the Emirates.
Of late, there has been an outbreak of activism in the realm of bilateral free trade and investment agreements across the world. Many developing countries have found themselves swept off by the wave of bilateralism, not realizing it only weakens the cause of multilateralism.