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Intra-SADC trade edges up
Non-tariff barriers (NTBs) are still the biggest stumbling block to countries raising current low levels of intra-regional trade.
S. Korean biz bodies hail implementation of EU FTA
South Korea’s leading business organizations on Thursday welcomed the scheduled implementation of the free trade pact with the European Union (EU), vowing full support for the deal that promises to promote trade and economic growth.
"Time out" on the promises of European Union Partnership
In October 2008, when the 15 member countries of CARIFORUM (CF) individually signed a full Economic Partnership Agreement (EPA) with the collective European Union (EU) of 27 countries, much was made of the promise of increased benefits to Caribbean countries. Two and half years later, the promise remains unfulfilled.
S. Korea-EU trade deal will impact globally: envoy
A sweeping free trade agreement between South Korea and the European Union will have a worldwide impact, the EU’s ambassador in Seoul said Thursday, on the eve of its implementation.
India-Malaysia FTA takes effect today
The free trade agreement (FTA) between India and Malaysia will come into effect from July 1, 2011, giving Indian professionals like accountants, engineers and doctors access to the key Southeast Asian nation
Tunisian free trade talks on the horizon
Canada is expected to enter into negotiations toward a free trade agreement with Tunisia next year, and is looking at another deal with Qatar.
Japan proposes launch of economic dialogue with Mercosur
Japan proposed Wednesday launching a dialogue with Mercosur, the four-nation South American trade bloc, to boost economic relations and explore the possibility of signing a free trade agreement.
Obama trade accord with Congress touted as Republicans balk at worker aid
The Obama administration announced an agreement for Congress to act on stalled trade accords with South Korea, Colombia and Panama, as Republicans balked at plans to incorporate aid to displaced U.S. workers.
Thousands march in Seoul over free trade deal with US, college tuitions
Braving heavy rains, more than 15,000 people staged simultaneous rallies in central Seoul Wednesday against a free trade deal with the United States, high college tuitions and various sensitive labor issues.
Lugar urges US-Asean FTA negotiations
United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement negotiations between the US and the Association of Southeast Asian Nations, which presently accounts for the fourth largest export market of the United States.
EU free trade pact sparks debate on KORUS FTA
From Friday, Koreans will be able to purchase products made in 27 European Union member states at cheaper prices than before, as the free trade pact between the two takes effect.
DPP says ECFA claims are overblown
Taiwan’s Democratic Progressive Party yesterday criticized the cross-strait Economic Cooperation Framework Agreement as “part fantasy,” saying it had failed to generate any substantial gains for Taiwan’s economy.
Chile sees no problem with Japan joining TPP later
Chile’s chief trade negotiator said Thursday he sees little downside for Japan delaying a decision to join the Trans-Pacific Partnership free trade pact because the negotiations are expected to be a very long and complex.
Indian industry has its fears on FTAs with European nations
The India government is planning Free Trade Agreements (FTAs) with European countries. However, Indian industry is anxious as Europeans are sensitive to issues which are considered extraneous to trade in this part of the world.
TUSKON: Turkish-Chilean trade may reach $1 bln in 3 years
The president of one of Turkey’s leading business associations has said Turkish-Chilean trade volume has the potential to more than double and reach $1 billion in the next three years.
First a gold rush, then the lawyers
Pacific Rim is suing the Salvadoran government in an international investment court, one of scores of cases in recent years in which frustrated oil, gas and mining investors, using provisions of trade agreements, have sought to recoup losses from mostly developing countries.
Tobacco giant suing Australian govt ’a warning’ for NZ
Tobacco giant Philip Morris suing the Australian government for introducing plain packaging laws for tobacco should send shockwaves through this country as it seeks a free trade deal involving the US, says an academic critic of the deal.
US business team in Nepal looking for investment opportunity
The visit — by a team including Johnson & Johnson, GE Healthcare, Rockwell Automation, Monsanto, and Bell Helicopter — demonstrates renewed US interest in Nepal’s economy building on the recently-signed US-Nepal Trade and Investment Framework Agreement (TIFA).
Karel De Gucht European Commissioner for Trade on the EU’s trade relations with Central America
"This is a case of ‘Buy one, get 26 for free’ – and surely you are businessmen enough to know how good a deal that is."
Kenya exports to EU face taxation in trade agreement stalemate
Europe has issued a fresh warning of possible revenue losses for Kenya should the East African Community fail to reach a trade deal soon.