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GOP calls free trade talks "noxious," blocks deals
Senate Republicans today said discussions with Democrats over three pending free trade agreements have become so "noxious" that they’ve decided to block them.
Free-trade discord takes toll on flower importers
Since Valentine’s Day, Miami flower importers have watched their expenses climb, contending with rising fuel prices and surcharges and, most vexing of all, the expiration of an Andean trade program that allowed them to bring in flowers from Colombia and Ecuador without paying duties.
US Trade Rep. "Dumbfounded" by Republican Boycott of FTA Vote
The United States’ top trade official, Ron Kirk, says he is "dumbfounded" by Republican senators who failed to show up for a hearing Thursday to take action on three pending free trade agreements, including the one with Korea.
Unbalanced power in trade
The EU and ASEAN states have been discussing the possibility of signing a Free Trade Agreement since 2007. Thankfully, the Indonesian government has decided that another one to two years is needed to fully investigate the effects of the FTA before signing.
Some 1,500 Taiwan products to be affected by EU-Korea FTA: officials
Around 1,500 Taiwanese products are facing a growing threat from South Korean exports in the European market as a result of a comprehensive free trade agreement (FTA) between the European Union and South Korea, which took effect July 1, economic officials said Saturday.
A-G questions agreement merits
Attorney-General Aiyaz Sayed-Khaiyum has questioned the merits of trade agreements that serve to benefit the economically powerful more than developing economies.
PACER Plus ineffective without Fiji: AG
Any regional economic agreement that excludes Fiji will be an ineffective instrument for trade and development says Trade Minister Aiyaz Sayed-Khaiyum.
Intra-SADC trade edges up
Non-tariff barriers (NTBs) are still the biggest stumbling block to countries raising current low levels of intra-regional trade.
S. Korean biz bodies hail implementation of EU FTA
South Korea’s leading business organizations on Thursday welcomed the scheduled implementation of the free trade pact with the European Union (EU), vowing full support for the deal that promises to promote trade and economic growth.
"Time out" on the promises of European Union Partnership
In October 2008, when the 15 member countries of CARIFORUM (CF) individually signed a full Economic Partnership Agreement (EPA) with the collective European Union (EU) of 27 countries, much was made of the promise of increased benefits to Caribbean countries. Two and half years later, the promise remains unfulfilled.
S. Korea-EU trade deal will impact globally: envoy
A sweeping free trade agreement between South Korea and the European Union will have a worldwide impact, the EU’s ambassador in Seoul said Thursday, on the eve of its implementation.
India-Malaysia FTA takes effect today
The free trade agreement (FTA) between India and Malaysia will come into effect from July 1, 2011, giving Indian professionals like accountants, engineers and doctors access to the key Southeast Asian nation
Tunisian free trade talks on the horizon
Canada is expected to enter into negotiations toward a free trade agreement with Tunisia next year, and is looking at another deal with Qatar.
Japan proposes launch of economic dialogue with Mercosur
Japan proposed Wednesday launching a dialogue with Mercosur, the four-nation South American trade bloc, to boost economic relations and explore the possibility of signing a free trade agreement.
Obama trade accord with Congress touted as Republicans balk at worker aid
The Obama administration announced an agreement for Congress to act on stalled trade accords with South Korea, Colombia and Panama, as Republicans balked at plans to incorporate aid to displaced U.S. workers.
Thousands march in Seoul over free trade deal with US, college tuitions
Braving heavy rains, more than 15,000 people staged simultaneous rallies in central Seoul Wednesday against a free trade deal with the United States, high college tuitions and various sensitive labor issues.
Lugar urges US-Asean FTA negotiations
United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement negotiations between the US and the Association of Southeast Asian Nations, which presently accounts for the fourth largest export market of the United States.
EU free trade pact sparks debate on KORUS FTA
From Friday, Koreans will be able to purchase products made in 27 European Union member states at cheaper prices than before, as the free trade pact between the two takes effect.
DPP says ECFA claims are overblown
Taiwan’s Democratic Progressive Party yesterday criticized the cross-strait Economic Cooperation Framework Agreement as “part fantasy,” saying it had failed to generate any substantial gains for Taiwan’s economy.
Chile sees no problem with Japan joining TPP later
Chile’s chief trade negotiator said Thursday he sees little downside for Japan delaying a decision to join the Trans-Pacific Partnership free trade pact because the negotiations are expected to be a very long and complex.