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European Parliament softens position on EPA trade deals
The European Union’s only directly elected body is demanding that a new trade deal between the bloc and Cameroon should not be applied to other countries in central Africa.
South Korea, EU fail to reach deal on free trade agreement
Car imports remain a major divisive issue. The EU wants South Korea to replace all its existing regulations for European imported cars with international standards.
EU: Agrees to trade agreement with Colombia, Peru
EU ministers from member states’ Fishing and Agriculture Ministries agreed to allow modifications that will enable the European Union to negotiate association agreements and business deals on a bilateral level with Colombia and Peru instead of having to deal with the entire Community of Andean Nations (CAN) as a bloc
Brainstorming continues for signing of Pak-US BIT
Government of Pakistan has hired the services of a Swiss consultancy firm for analysing the Pak-US Bilateral Investment Treaty (BIT)
China and Costa Rica begin free trade talks
China and Costa Rica on Monday began talks for a free trade treaty under which the Central American nation hopes to export meat, plants, fruit and coffee to the Asian giant
Time to rethink free trade agreements with the United States
The path to "free trade"—as defined by George Bush and his predecessors—is currently at a crossroads. The Obama presidency, the growing number of developing countries that oppose NAFTA-like trade agreements, and the global economic crisis are interrelated factors that provide an opportunity to rethink this model and demand conditions favoring equitable development.
EU business group urges ambitious stance on Korea trade talks
The European Union should seek big reductions in tariffs and an end to rules that limit trade as part of its negotiations with South Korea on a free trade agreement, the E.U.’s main business group said in a letter released Monday.
FTA between Panama and Honduras takes effect
The free trade agreement between Panama and Honduras took effect on Jan. 9. The agreement has an impact on 80 percent of the goods traded between the countries.
FTA need of the hour: EU trade commissioner
Former European Union trade commissioner Peter Mandelson has said that efforts should be made to implement the EU-India free trade agreement this year as it could help the two sides in overcoming challenges in a post-crisis world.
‘FTA with Gulf region will boost bilateral trade’
Malaysia is hopeful that negotiations for the Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) and Malaysia can commence as soon as possible, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.
Canada-Panama FTA on track to be signed
There have been important advances in respect to the negotiation of goods and the access to loan and investment services a spokesman of the Panamanian Commerce and Industry Ministry.
SA leading charge to amend EU trade deal
South Africa, Namibia and Angola have sent the European Union a letter — on an official South African letterhead and signed by the three countries’ ambassadors — reiterating concern about the interim economic partnership agreement and urging the EU to allow more time before the pact is signed.
Asean-India free trade pact to be signed in February
India is likely to sign a free trade agreement (FTA) with Asean during the 14th summit of the bloc slated for February in Thailand
ECO to establish free trade area by 2015
The Economic Cooperation Organization (ECO) will establish a free trade area by 2015, ECO Secretary General Khurshid Anwar said on Sunday.
Leaders set to approve Arab customs union
Arab leaders are to approve a customs union - the first step to a common market - as well as a power grid and a rail network at their first economic summit in Kuwait, it was revealed yesterday.
Jpepa implementation to cost BOC P12.5B in forgone revenues
The Philippine Bureau of Customs (BOC), the government’s second-largest revenue earner, said the implementation of Japan-Philippines Economic Partnership Agreement (Jpepa) will hurt its collection for the year as it stands to lose billions of pesos.
Official: Kuwait summit serious step towards establishing Arab economic bloc
The General Union of Chambers of Commerce, Industry, and Agriculture for Arab Countries said Saturday that the first Arab economic summit slated to be held on Jan. 19-20 will be a serious step to boost efforts to establish an Arab economic bloc.
US, Peru wrap up trade pact despite objections
Leaders of the United States and Peru finalized a free trade agreement on Friday, just days before US President George W. Bush leaves office and despite concerns about labor laws in the Andean country.
EU FTA talks to resume next week
Trade ministers from Korea and the European Union will meet in Seoul next week to iron out divisive issues related to a free trade deal, officials said yesterday.
Trade minister quashes talk of FTA renegotiations with U.S.
Korea’s top trade official said yesterday renegotiation of a free trade agreement with the United States would not be sensible, rejecting possible demand to amend the deal by the new administration of President-elect Barack Obama.