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SA welcomes landmark European trade offer
The European Commission has made a major concession in trade talks with the Southern African Customs Union (Sacu), offering a deal that should avert the break-up of the customs union. It proposed a tariff deal that would align the bloc’s controversial Economic Partnership Agreement (EPA) with the bilateral trade agreement under which SA trades with the EU. If accepted, the offer would essentially allow Sacu to maintain its common external tariff and keep the customs union intact.
New rules will allow small RP banana farmers to sell to Japan
A final protocol for the Japan-Philippines Economic Partnership Agreement (JPEPA) allowing small farmers to sell bananas to Japan has been submitted and is up for comment, said a Bureau of Plant Industry official.
Canadian company threatens El Salvador with CAFTA lawsuit over mining project
A Canadian mining company intends to sue El Salvador’s government for several hundred million dollars if it is not granted permission to open a widely unpopular gold and silver mine that scientists warn would have devastating effects on local water supplies.
GCC may have more FTAs in near future
The GCC-Singapore Free Trade Agreement (FTA) signed last week comes almost a year after the six gulf nations announced a common market to remove trade barriers within themselves and to deal with the world as one entity. Economists predict that the agreement will serve as a precursor to more FTAs between Gulf and prominent Asian economies.
EPA: a contract to destroy the Senegalese’ flimsy economy
The Economic Partnership Agreement (EPA) is a danger to the fishing sector and the food safety in West Africa and particularly in Senegal.
ASEAN FTA by March first week: Jairam Ramesh
The Free Trade Agreement between India and ASEAN will be signed in the first week of March 2009. It will lead to tough competition from Vietnam, whose productivity in tea, coffee and pepper is much higher than India’s.
Australia-Korea free trade agreement preparatory talks conclude
Australia and Korea have concluded preparatory talks on a bilateral free trade agreement (FTA).
Korean, EU trade ministers to meet in January
South Korea and the EU hope to finalise their FTA in January
Japan to help Vietnam strengthen car, electronic parts industries
According to JETRO, Japan will boost support to Vietnam next year, once the two governments sign an FTA, for the benefit of both Vietnamese and Japanese corporations
EU to continue FTA talks with Peru, Colombia
The European Union said Friday that it had decided to pursue a Free Trade Agreement deal with Peru and Colombia despite reservations from Bolivia and Ecuador.
Vietnam, US holds first BIT negotiation
The first round of negotiations on the Vietnam-US Bilateral Investment Treaty (BIT) was held in Washington from Dec. 15-18.
EU trade agreement with Central America may force ACP countries out of banana business
The banana companies in African, Caribbean and Pacific (ACP) States maybe forced out of business following the European Union’s decision to negotiate a Free Trade agreement (FTA) with Central American countries in what the ACP Group describes as on “too generous” terms.
EU-Moroccan deal "illegal" - UN expert
Former UN Legal Counsel Hans Corell calls the EU-Morocco Fisheries Partnership Agreement illegal because it includes the waters off Moroccan-occupied Western Sahara.
South Korea trade fight gets ugly
The parliamentary battle over a contentious free trade deal in South Korea led to a confrontation on Thursday in which opposition lawmakers used a sledgehammer to knock down the doors of a blockaded room in which a committee was discussing the agreement.
JETRO White Paper on International Trade and Foreign Direct Investment (2008)
Many Japanese companies, including those catering to domestic demand, are aiming to expand their sales in overseas markets. The focus in this White Paper is placed on emerging resource rich countries as new potential overseas markets for Japanese companies. Contains chapter on FTAs.
Bolivia to hold off on legal action vs US over trade
Bolivia’s President Evo Morales said on Tuesday he would hold off on legal action over the US suspension of trade benefits for the Andean nation in hopes that President-elect Barack Obama will reverse the step.
India, Myanmar ink bilateral agreements
India and Myanmar have signed Bilateral Investment Promotion Agreement (BIPA) and agreements on banking arrangements.
Commitee opposes approval of KORUS FTA
The Korean National Assembly’s agricultural and fisheries committee said Wednesday that the parliament should not ratify a free trade agreement (FTA) with the United States at this juncture.
EU won’t renew special tariff rate for RP canned tuna
The European Union (EU) will not renew a special tariff scheme for canned tuna from the Philippines and two other Southeast Asian countries, offering, instead, increased market access for the product in its 27 member-countries via a free trade agreement, the top EU representative in the Philippines said in a news conference here Wednesday.
FTAs badly failing Australia
The Australian Parliamentary Library has released a background note analysing Australia’s bilateral free trade agreements (FTAs) which shows how clearly destructive they have been (although the analysis is only from an economic perspective).