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Drug companies pressure Govt to review FTA
The debate over the cost of medicines in Australia took a new twist today, with Acting Prime Minister Mark Vaile declaring the Government will have a second look at provisions within the Free Trade Agreement with the United States. They’re provisions that were specifically designed to keep the cost of pharmaceuticals down.
NFF backs FTA despite export figures
The National Farmers Federation (NFF) is still backing the Australia-US free trade agreement, despite poor terms of trade in its first year of operation.
Denounce chaos in prices
National Merchants and Entrepreneurs Federation president Antonio Cruz assured today that there is generalized disarray throughout the Dominican Republic with initial implementation of the tax reform, and requested the government to reconsider enforcing it as of next July when CAFTA comes into effect.
Guatemala to strengthen Mercosur ties
Guatemala’s government - annoyed by the delay in CAFTA’s implementation and the U.S. House of Representative’s approval of a wall to keep out illegal immigrants - announced Tuesday it would seek to strengthen its relations with the Mercosur trading bloc.
Signing of BIT likely on 20th: Access to US market
Pakistan is seeking additional $2 billion market access from the United States and the issue is likely to be finalized after both the countries conclude their much awaited Bilateral Investment Treaty (BIT) here on January 20.
Japanese execs arriving to resolve JPEPA issues
The Japanese are keen on resolving contentious issues on the automotive sector under the Japan-Philippines Economic Partnership Agreement within the month.
Caribbean welcomes single market
Six nations - Jamaica, Barbados, Belize, Guyana, Suriname and Trinidad and Tobago - became the first full members of the Caribbean Single Market Economy as the treaty went into effect on 1 January.
Japan to pursue free trade deals with China - paper
Japan is likely to pursue free-trade agreements with China and India as well as Australia to give it more clout in a proposed East Asian community, a leading Japanese daily reported on Tuesday.
Ecuador, Colombia to talk on FTA
Ecuadoran President Alfredo Palacio will travel to Bogota in January to discuss with his Colombian counterpart, Alvaro Uribe, a free trade agreement (FTA) that their countries are negotiating with the United States.
China : Mainland to negotiate FTA with 27 nations: Bo Xilai
After remaining silent during the WTO meeting in Hong Kong, December 2005, China has decided to focus on the bilateral free trade agreements (FTAs) and play a lead role in multilateral trade discussions during the year 2006.
FTA change will push drug prices up: ALP
The Federal Opposition is warning the cost of medicines will rise if a Labor amendment designed to protect Australian drug prices in the US Free Trade Agreement (FTA) is removed.
Morocco becomes 1st MENA country to have free trade with US
Morocco became the first country in the Middle East and North Africa (MENA) to have free trade with the United States after the two countries’ free trade agreement came into effect on Sunday.
Malaysia, Pakistan to conclude FTA talks by mid-2006
Malaysia and Pakistan are expecting to conclude negotiations on a bilateral free trade agreement by mid-2006, the Ministry of International Trade and Industry Ministry said.
CRS Report for Congress: Intellectual property and FTAs
Some observers believe that certain FTA provisions may lock the United States into current intellectual property policies, inhibiting opportunities for future reform. Others are concerned that under existing multilateral agreements, the intellectual property obligations found within one FTA may extend beyond that particular treaty partner. Some perceive FTAs to be an inappropriate and unfair vehicle for international intellectual property reforms due to the strong bargaining position of the United States.
Opposition delays free trade implementation
As CAFTA member-nations struggle to comply with the free trade pact’s requirements, opponents of the deal say the delays show how unpopular and undemocratic the mandated reforms are.
SAFTA comes into effect; Pak yet to ratify
South Asian Free Trade Area (SAFTA), paving way for free trade of goods among countries of the region, came into being on Sunday but Pakistan was yet to complete the formality of ratifying it.
Investment agreement signed with Switzerland
Guyana and the Swiss Confederation recently signed a Bilateral Investment Treaty which will facilitate an increase in Swiss investments in the local economy.
BIMSTEC finalizes dispute resolution rules
Trade Negotiation Committee has finalized rules for settling disputes in BIMSTEC free trade agreement. It has, however, failed to converge on the percentage of value addition for rules of origin.
Ecuador, Colombia to have talks on FTA with US
Ecuadoran President Alfredo Palacio will travel to Bogota in January to discuss with his Colombian counterpart, Alvaro Uribe, a free trade agreement (FTA) that their countries are negotiating with the United States.
Australian businesses reap rewards of Thai free trade agreement
The Thailand-Australia Free Trade Agreement (TAFTA) has benefited Australian companies since it began in January through expanded opportunities and increased market access, Australia’s Deputy Prime Minister and Minister for Trade, Mark Vaile, said.