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Indian dry bulk terminal business of French group Louis Dreyfus Armateurs collapses
23-Jul-2020 Hindu Business Line
ALBA Asia Pvt Ltd, the Indian dry bulk port operating company controlled by French shipping group Louis Dreyfus Armateurs SAS (LDA), has collapsed with state-run Visakhapatnam Port Trust terminating a contract for running a dry bulk terminal at the port just five years into a 30-year deal.
Pompeo says hopes for quick free trade deal with UK
22-Jul-2020 Reuters
The United States and Britain still have more work to do on a free trade deal, U.S. Secretary of State Mike Pompeo said on Tuesday during a visit to London, adding that he hoped a deal could be finalised before too long.
Can CARICOM-Canada Trade And Investment Flows Be Revitalised?
22-Jul-2020 The Gleaner
Canada, although having a long-standing relationship with the Caribbean Community (CARICOM) and its Member States, being in the hemisphere and the Commonwealth and the third major trading partner, does not usually generate much attention and scrutiny in the region. The planned visit by Prime Minister Justin Trudeau in February, as Canada campaigned for a seat on the United Nations (UN) Security Council, sparked region-wide media interest. This visit was postponed. Canada was unsuccessful in its bid for a non-permanent seat on the Security Council.
Thai TPP ambition loses steam as COVID-19 stokes wrath of farmers
22-Jul-2020 Nikkei Asian Review
Thailand’s proposed participation in the Trans-Pacific Partnership stands on a precipice.
Africa free trade area to create new opportunities for China-Africa cooperation: expert
22-Jul-2020 XinhuaNet
The African Continental Free Trade Area (AfCFTA) will create new opportunities for China-Africa cooperation, an Ethiopian expert said on Tuesday.
India, US need to sit down on negotiating table for free trade agreement: Piyush Goyal
22-Jul-2020 Financial Express
After concluding a “quick” trade deal, India and the US need to sit down on the negotiating table for working towards a more sustainable, robust and enduring partnership in the form of a free trade agreement (FTA).
Joining China-backed RCEP not in New Delhi’s interest – Indian Foreign Minster
22-Jul-2020 The Eurasian Times
The top minister said that the trade deficit of countries part of the Regional Comprehensive Economic Partnership (RCEP) has nearly doubled over the past 15 years, while their manufacturing levels also remain abysmally low.
Indonesia seeks to conclude trade negotiation with EU next year to bolster recovery
22-Jul-2020 The Jakarta Post
Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point.
The RCEP talks and India’s anxieties
22-Jul-2020 ORF Online
The biggest concern of India with RCEP at this juncture is not merely the economic reasons, but more geopolitical: the existence of China.
Proposal to push AfCFTA implementation to January
21-Jul-2020 New Times, Rwanda
The executive secretary of the African Continental Free Trade Area (AfCFTA), has proposed to African heads of state that trading under this framework starts in January 2021, according to an official.
COMESA Resolves 95% Of NTBs At Borders
21-Jul-2020 EABW News
At least 82% of the reported Non-Tariff Barriers in the COMESA region are those imposed on imports and exports of goods and services and are largely operational by design. According to trade experts, these type of NTBs are easy to identify and monitor.
MPs try to block corporations using new trade deals for lawsuits
21-Jul-2020 Independent
MPs are set to try to force the government to block corporate lawsuits relating to future trade deals, in a bid to safeguard human rights.
India, US will complete a quick trade deal in a couple of calls, says Commerce Minister Goyal
21-Jul-2020 The Print
Piyush Goyal says India and the US will go for a preferential trade agreement first on 50-100 goods and services, followed by a larger free trade agreement.
First bilateral trade agreement signed between EU and China
21-Jul-2020 AgriLand
The first significant bilateral trade agreement has been signed between the European Union (EU) and China this morning, Monday, July 20.
Cambodia-China FTA talks conclude, to be signed this year
21-Jul-2020 Fibre2Fashion
Chinese commerce minister Zhong Shan and Cambodian counterpart Pan Sorasak announced the conclusion of the talks via a video conference yesterday. The FTA is expected to be signed this year.
India, US trade deal: New Delhi seeks preferential treatment on drugs, other goods
20-Jul-2020 Livemint
India is seeking concessions for generic drugs it exports to the United States in return for opening its dairy markets and slashing tariffs on farm goods as the two sides seek to shore up a new trade deal.
S. Korea, China to hold virtual FTA talks starting Monday
20-Jul-2020 KBS World Radio
South Korea and China will hold a new round of negotiations on their free trade agreement(FTA) regarding the service and investment sectors this week.
EU’s “Frugal Five” blocking of recovery plan, anticipates difficulties to finalize accord with Mercosur
20-Jul-2020 MercoPress
The emergence of the so-called “Frugal Five” led by Austria and Netherlands, has blocked so far the European Union recovery plan, with a massive injection of funds, and forebodes hard times to finally reach the implementation of an EU trade agreement with Mercosur.
Indonesia, Australia to roll out worker exchange program
17-Jul-2020 Jakarta Post
Indonesia will conduct a worker-exchange program with Australia to boost its human resources. The plan was announced by a senior government official just days after the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) entered into force.
India-US FTA on the cards preceded by limited trade deal, informs Commerce Ministry
17-Jul-2020 The Economic Times
India and the US are close to concluding an initial limited trade package followed by a possible bilateral free trade agreement (FTA).