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India made it clear on Monday that it would aggressively push for more regional trade agreements, though it attached importance to the multilateral trading system.
“Our economy is based too much on hydrocarbons. We must diversify our economy. If not, Algeria will become lost in the global marketplace,” Abdelhamid Temmar, chief economic counsel to President Abdelaziz Bouteflila, said last week during meetings with finance and trade leaders in Washington.
Australia’s largest internet service providers have made an 11th-hour bid to amend the free trade agreement with the US, claiming it would expose them to an avalanche of litigation.
Agreements on investments between developing countries have increased substantially in both number and geographical coverage over the past decade, according to UNCTAD data released on 23 November 2004.
South Korea, which has long remained out of the race for free trade zones, has geared up for high-profile efforts to jump on the free trade bandwagon, which could ensure more benefits to its export-driven economy.
The U.S-Jordan FTA is a “first” FTA in two ways. It is the first FTA to be ever concluded with an Arab country. It is also the first FTA to include labor and environment within the text of the FTA itself.
An essential feature of the implementation of the Euro-Mediterranean Partnership has been the negotiation of Association Agreements between the European Union and nine of its Mediterranean Partners to replace the 1970s Co-operation Agreements.
At the Asia-Pacific Economic Cooperation summit in Chile last weekend, leaders discussed economic issues, especially trade. Singapore and Peru, for example, agreed to initiate talks for a free trade agreement.
Pakistan President General Pervez Musharraf has expressed his keenness for early conclusion of bilateral free trade agreement between Bangladesh and Pakistan for further expansion of economic cooperation between the two countries.
While the main
US goal on agriculture in many FTA
negotiations often is to secure non-SPS
related concessions such as lower tariffs,
the foreign partners often see the FTA as
an opportunity to resolve outstanding
SPS issues with the US as well as seek
accelerated new market access to the US
for their animal and plant products.
India and members of the Southern African Customs Union (SACU) hope to have a “limited scope agreement” for more liberal trading by next year, the first concrete step towards a free trade agreement (FTA).
South Korea will start negotiations next year for a free trade agreement (FTA) with the Association of Southeast Asian Nations (ASEAN).
SACU’s deal with Efta will be a scaled-down version of the original: Efta members have agreed to Sacu’s request to shelve complex issues such as government procurement, intellectual property and investment.
Japan is proving a tough negotiator for countries with their hopes pinned on FTAs.
Thailand’s leading agricultural activist network has urged Thais not to vote for political parties which back free trade agreements and genetically modified (GM) crops research at next February’s general election.
Gulf Arab states angered by Bahrain’s decision to sign up to a free trade pact with the United States say it should back away from the deal and honour a regional agreement.
President Bush’s goal for a free-trade zone encompassing the entire Western Hemisphere faces growing opposition in the United States and abroad.
New Zealand government has released the report of a joint study on the to-be-negotiated NZ-China FTA.
Asia-Pacific leaders have ducked a call from business advisors to study an ambitious FTA among APEC members.
Japan and the Philippines reached a basic agreement for a bilateral free-trade agreement after striking a deal on the stickiest issue — steel tariffs.