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Let me first give you four reasons why economic partnership agreements (EPAs), which cover broader areas than free trade agreements (FTAs), are important. The first reason is that FTAs are now a world "rule of the game," and Japan is at a disadvantage in not taking part in the game.
Amid the advance of economic globalization, it is important to maintain and strengthen the free trade system. While the World Trade Organization continues to play an important role in this effort, free trade agreements (FTAs) offer a means of strengthening partnerships in areas not covered by the WTO and achieving liberalization beyond levels attainable under the WTO.
Correctly tweaked, the numbers make perfect sense - free trade agreements (FTAs) between Japan and South-east Asian countries could provide a much-needed fillip to the moribund Japanese economy, and will in turn give a boost to a region in which Japan is already the biggest investor.
– Promoting Economic Partnership Agreements with closely related
countries and regions
The Bush administration will sign the Central American Free Trade Agreement (CAFTA) with five developing nations Friday, but opposition Democrats and civil society groups predict the deal will fail in Congress.
U.S. Trade Representative Robert B. Zoellick and Ministers of five
Central American countries today signed the U.S. Central American Free Trade Agreement (CAFTA) a historic agreement that will eliminate tariffs and trade barriers and expand regional opportunities for the workers, manufacturers, consumers, farmers, ranchers and service providers of all the countries.
The US and SACU began four days of new talks aimed at concluding a free trade agreement by the end of this year, with some U.S. officials now saying, however, that the year-end deadline for completing the talks will likely be missed.
Dhaka is finally going to sign the Bangladesh, India, Myanmar, Sri Lanka, Thailand — Economic Cooperation (BIMST-EC) Free Trade Agreement (FTA).
A diplomatic gaffe by "jet-lagged" Trade Minister Jim Sutton is thought
unlikely to deter Chile from signing a three-way trade deal with New
Zealand and Singapore next year.
For 12 years, Singaporeans lived in fear of being caught committing the most heinous crime imaginable: chewing gum.Now the tightly controlled city-state has lifted its ban on gum - but only registered users will be allowed to indulge.
The way U.S. Trade Representative Robert B. Zoellick jets around the world, seeking to cut deals that would knock down trade barriers at home and abroad, it might seem as if the political furor over free trade and job losses at home were a minor flap.
As the impact of the trade agreement between the disadvantaged African, Caribbean and Pacific (ACP) countries on the one hand, and the advantaged European countries on the other hand, known as Lome 1-4 Agreements between 1975 and 2000, and the new agreement called "Cotonou Agreement" signed on June 23, 2003 between the developing countries of 77 ACP and European Union (EU).
A free trade agreement with China is an insurance policy against the collapse of World Trade Organisation talks, Finance Minister Michael Cullen said today.
Countries across the globe are realising the importance of regional
trading blocks. The South Asian countries too have now felt the urgency of such an arrangement.
A new trade deal with Chile could be a significant spur for the development of a Southern Hemisphere counterweight to huge northern pacts such as the European Union and the North American free trade agreement, a study by Victoria University researchers says.
Australia and China have agreed to accelerate overtures that could lead to a free-trade agreement, after talks between Trade Minister Mark Vaile and top-ranking Chinese ministers in Beijing.
China should become the focal point of an East Asian free trade zone to rival other blocks such as the European Union and the North American Free Trade Area (Nafta), a leading academic claims.
Free trade agreements are now becoming the rule in world trade and Japan is at a big disadvantage if it does not take part in the game.
The free trade agreement with the United States would lead to Australians paying 30 per cent more for prescription drugs, a leading American academic warned today.
Turkey was searching possibilities to sign a free trade agreement (FTA) with Bahrain, which was getting prepared to sign one with the United States, Turkish Finance Minister said on Thursday.