Southeast Asian nations, Australia and New Zealand hope to conclude a free trade agreement (FTA) by 2007 after beginning formal negotiations next year, government ministers said on Sunday.
India wants to explore possible free trade agreements with Japan, China and the United States, as negotiations on such deals with Southeast Asian countries progress, the commerce minister says.
India and Thailand have agreed to moved faster in the direction of a free trade area (FTA) by reducing by half their applied levels of tariffs on 82 select commodities. This comes into effect from September 1, 2004.
Finance Ministers from the 21 members of the Asia Pacific Economic Cooperation (APEC) explored a wide free trade agreement on Thursday at a conference in Chile.
New Zealand and Malaysia have agreed to undertake scoping studies on a possible free trade deal, Trade Negotiations Minister Jim Sutton said yesterday.
The Association of Southeast Asian Nations (ASEAN), Australia and New Zealand agreed on Sunday to launch negotiations on a free trade agreement next year, Australia’s Trade Minister Mark Vaile said.
India and Thailand will sign on Monday, a protocol to pave the way for establishing a free trade area between the two nations by 2010.
The US and Chile set up the Free Trade Agreement between the two countries early this year. This has opened a flood of opportunity for both the countries and more so for US to export clothing, textiles, telecommunication goods etc.
Mongolia is seeking to protect its textile industry from the expiry of U.S. quotas at the end of 2004 by inking a free-trade deal with the U.S., a Mongolian official said Thursday.
Indonesian President Megawati Sukarnoputri has urged ASEAN to move ahead in forging free-trade agreements with non-members, including Australia.
Free-trade talks with the Japanese have stalled after Tokyo complained about Thailand’s reluctance to open its markets to Japanese cars, car parts and metals.
Japan and Mexico have completed final details of their bilateral free trade agreement, paving the way for its implementation as early as next April, a senior Japanese government official said.
Japan, keen not to lose ground to China, is stepping up its pursuit of regional and bilateral free trade pacts, but the path to success will be bumpy and some experts question how committed Tokyo really is.
Democrat John Kerry probably would put more time and energy into world trade talks and enforcing existing agreements than pursuing bilateral deals like the Bush administration has, a campaign adviser said.
The Philippines will accelerate the timetable for its tariff reduction program involving certain agricultural products under the Association of South East Asian Nations (ASEAN)-China Free Trade Area (AFTA) Agreement.
A cooperation agreement between the All-China Federation of Industry and Commerce and the Austria Federal Economic Chamber was signed Wednesday in Vienna to further enhance bilateral trade activities between the two countries.
The drive for a Comesa Customs Union (CU) has suffered a major setback following sharp differences among member states on the proposed common external tariffs.
Assuring all help to the auto component industry in dealing with free trade agreements (FTAs) and regional trade agreements (RTAs), the Government on Wednesday said formalities for setting up an R&D centre for the industry would be completed soon.