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Leaders of S. Korea, Chile agree to improve ties through FTA revision
South Korean President Lee Myung-bak and visiting Chilean President Michelle Bachelet agreed Wednesday to revise a free trade agreement (FTA) between their countries to reflect changed conditions since the deal was signed five years ago.
Africa blocs draft giant free trade roadmap
Three African trade blocs that have agreed to form a free trade area covering more than half a billion people created a long overdue roadmap on Monday.
‘Indonesia has not expressed interest in FTA’
Indonesia and the European Union signed a Partnership and Cooperation Agreement (PCA) on Monday that will bring Southeast Asia’s largest economy and the largest regional grouping in the world under one umbrella for cooperation on the economy, environment, education, human rights and democracy.
Malaysia-US FTA dialogue still stalled
The dialogue between Malaysia and the United States on the Free Trade Agreement (FTA), stalled since the middle of last year, has seen no new development, said the Minister of International Trade and Industry Datuk Mustapa Mohamed.
Seoul to tighten ties with Latin America
Korea wraps up today a high-level meeting with representatives of Latin American countries where discussion centered on how the two sides may pursue mutual interests.
Canadian PM’s visit next week to herald FTA work
India and Canada are expected to formally start work on a free trade agreement (FTA) when Canadian Prime Minister Stephen Harper visits New Delhi next week.
Israeli Prez Peres Must Carry Palestinian Answers to Brazil
Israeli President Shimon Peres should have answers to the Palestinian issues during his Latin American sojourn if he aspires to strengthen ties with them, particularly, in light of growing opposition in Brazil over the ratification of Mercosur-Israel FTA. A Parliamentary Commission on Foreign Relations and National Defence has recommended to the Brazilian parliament in September not to ratify Mercosur-Israel FTA until “Israel accepted the creation of the Palestinian state on the 1967 borders”.
EU tramples on India’s poor
The EU is pushing an unsavoury free trade deal that would force India to give up control of its banking sector and drugs industry
Human rights issues could thwart Colombia-EU FTA: France
Human rights issues could thwart commercial agreements between Colombia and the EU, said the deputy leader of the French National Assembly on Monday.
Ma contradicts himself on bilateral trade deals
President Ma Ying-jeou yesterday contradicted himself when talking about bilateral trade agreements. While he said bilateral negotiations would put Taiwan in an unfavorable position, his administration is making strenuous efforts to sign an economic cooperation framework agreement (ECFA) with Beijing.
Discord Rising in US Over FTA With Korea
U.S. President Barack Obama arrives in Korea on Nov. 18, but discord over the ratification of the bilateral free trade agreement with Korea is rising in the U.S.
Korea-India CEPA Ratified by Nat’l Assembly
The National Assembly on Friday ratified a trade deal with India, called the Comprehensive Economic Partnership Agreement (CEPA), that will eliminate or reduce tariffs on over 4,000 Korean goods.
Back to Basics on Asian Trade
The proliferation of FTAs has more costs than benefits.
Experts call pacts ‘window dressing’
The four agreements signed by Taipei and Beijing last November were nothing but “window dressing,” experts attending a cross-strait forum said yesterday, urging the government to pressure Beijing to quit blocking other countries from signing free-trade agreements (FTA) with Taiwan as both sides mull an economic pact.
Argentina-Brazil trade tensions rise
Brazil’s ambassador to Buenos Aires was summoned to Argentina’s foreign ministry Tuesday amid rising trade tensions between the two South American economic powers.
Labour pangs likely to hold up India-EU free-trade agreement
The fate of the India-EU trade and investment agreement—which seeks to further open up bilateral markets for goods, investments and services—may hang in balance as India and the EU lock horns over including labour standards in the pact.
US Seeks Wider Access to Korean Auto Market: White House
The United States Friday repeated its call on South Korea to make concessions for a wider opening of its auto market so the U.S. can ratify a pending bilateral free trade agreement, Yonhap News reported..
Jordan, Turkey to sign free trade deal before year end
Jordan and Turkey agreed on Saturday to sign a stalled Free Trade Agreement (FTA) before the end of the year.
Sri Lanka-Pakistan trade: Minor hiccups, major hindrance
Negative trade balance is not always negative. It could be looked in a broader context said the Head of Chancery of the Pakistan High Commission in Sri Lanka Balal Akram. Referring to the negative trade balance between the countries which is favourable to Pakistan Akram said that 35 per cent of Sri Lankan imports from Pakistan are raw material for the apparel industry.
China and Costa Rica move toward free trade agreement
China wants ties in the region, Costa Rica wants Chinese goods. But not everyone’s pleased.