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Traders strategise on regional platform
Seven Sadc member countries met in Lilongwe on Tuesday to strategise on creating a regional platform for informal cross border traders who would work to ensure that trade integration in southern Africa benefits poor people at regional level.
Trilateral trade surging, but economic relations still well below potential
The figures are undoubtedly impressive. A total combined gross domestic product (GDP) in purchasing power parity (PPP) terms of more than $5,28- trillion, or 8% of the total global PPP GDP of over $65,6-trillion. A total population of more than 1,39-billion people, or just under 21% of the global population of more than 6,7-billion. These numbers show the combined weight of India, Brazil and South Africa (Ibsa), the three member countries of the Ibsa Dialogue Forum.
Malaysia keen on resuming FTA talks with US
Malaysia is looking forward to resuming the stalled Free Trade Agreement (FTA) talks with the incoming US administration.
SA Customs Union may resume talks with the US
A high-ranking government official has hinted that the Southern African Customs Union (Sacu) may resume free trade talks with the US following the election of Democratic candidate Barack Obama to America’s high office. Trade and Industry Director-General, Tshediso Matona, says Obama’s election can result in a mutually beneficial trade term with the US.
Trade protectionism under Obama a concern
Asian countries should be prepared for intensified trade protectionism under US president-elect Barack Obama as he seeks to revive the world’s largest economy, according to economists.
Businesses urge Obama reversal on Colombia deal
A broad U.S. business coalition urged President-elect Barack Obama on Thursday to drop his opposition to a free trade pact with Colombia and work with Congress to approve it and a second agreement with Panama this year.
FTA training for companies
Bahraini businesses and commercial establishments are to be trained by United Nations experts on making the best use of the Free Trade Agreement (FTA) with the US.
Obama policies to be studied before FTA can resume
Malaysia will study policies to be introduced by new President-elect Barack Obama before deciding whether to resume the stalled Free Trade Agreement (FTA) talks with the United States.
The Future of Indo-US Trade
Over the last few days we have been talking about various issues, be it business, be it IT outsourcing or the way the American campaign is looking at India an the rising power of Indian voters. But as we go into the period post the election verdict the big questions will be who takes the bold steps on the multilateral trade talks, the WTO aspect, and the Form subsidy aspect.
Trade progress pleases Panama
A delegation of Panamanian trade officials was in Ottawa last week to launch free-trade negotiations with the Canadian government. The first round of negotiations came after a successful "exploratory process," including one meeting in Ottawa in May and another in Panama City in July. The Canadians also undertook a month-long consultation with Canada’s provinces and territories as well as with businesses, industry associations and the public.
BIMSTEC meet to positively impact India’s northeast region
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand established in 1997 is a $810 billion economy, sharing about 22% of world population and 3.64% of surface area. After a gap of three years, India is going to host the second BIMSTEC summit during November 11-13, 2008 at New Delhi. The last summit was held in Bangkok in 2004. The summit-level meeting in BIMSTEC was delayed mainly due to political reasons and non-cooperation of some of the member countries.
FTAs with China, Malaysia worsen Pak trade imbalance
Pakistan has so far signed three Free Trade Agreements (FTAs), of which trade balance with two countries is in negative while the remaining one shows marginal growth.
Together we are stronger
Twenty six African countries, a single market and open borders that allow persons to move across freely and conduct business. That was the vision of the Tripartite Summit that took place in Kampala last week. President Jakaya Kikwete of Tanzania called it “a landmark summit for a landmark decision” while President Yoweri Museveni said it was “historic”.
Botswana hopeful about the EPAs
Botswana is cautiously optimistic about the on going Economic Partnership Agreements (EPAs) that are being negotiated between the European Union and the Southern African Development Community, despite some snags.
Investment protection - Bilateral Investment Treaties
There is a Slovak proverb which says: “When catching a bird, they sing it a sweet song”. Another Slovak proverb says: “Those who want to beat a dog will certainly find a club“. For investors who find themselves in a situation similar to that described by these proverbs, the bilateral investment treaties (“BITs”) very often provide the last available legal option. A BIT is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in the state of the other.
Key wants FTA kept at the forefront
US President-elect Barack Obama has acknowledged his government faces huge economic challenges and more tough times ahead.
South Korea warns next U.S. president on trade deal
South Korea on Wednesday urged the new U.S. president not to renegotiate a free-trade deal signed last year, saying the winner of the vote will find the pact beneficial to both sides.
Australia seeks free trade deal with GCC
Australian Minister for Trade Simon Crean, who is currently visiting Saudi Arabia, has reaffirmed the need to initiate talks for a free trade agreement between the six-nation Gulf Cooperation Council (GCC) and Australia.
Siniora calls for free trade deal
As the global financial crisis pressures economies, Lebanon’s Prime Minister Fuad Siniora said the best response to the crisis would be enhancing business relations between Turkey and the Arab world.
NZ hopes Obama will sign on to trade deal
New Zealand’s free trade talks with the United States should still be on the agenda early next year, even though president-elect Barack Obama is less of a trade liberal than John McCain.