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New EU envoy for pushing trade pact with India
Ahead of the India-European Union (EU) summit on Nov 30, Daniele Smadja, the new envoy of the European Commission, Friday called for pushing negotiations on a broad-based trade and investment agreement between the two sides.
Ghana: Organised labour worried over EPA
Mr. Kwasi Adu-Amankwah, Secretary-General of the Trades Union Congress, said the leadership of organised labour had discussed the main issues of the EPA negotiations and concluded that the current efforts to negotiate a free and fair trade agreement between the world’s single most powerful economic bloc and weaker economies was impossible.
Commissioner Ferrero-Waldner visits Central America and announces aid packages
Three weeks before the first round of negotiations on an Association Agreement between the EU and Central America to be held in Costa Rica at the end of October, Ms Ferrero-Waldner wishes to send a strong signal to the region of the importance the EU accords to this agreement.
India, China to start talks on free-trade agreement
China and India have started to talk in terms of a free trade agreement, which would mean a giant stride in the relationship between the two countries. Officials of the two nations are scheduled to meet in New Delhi next month to work out some of the modalities that would pave the way for serious negotiations on the proposed FTA.
Calls to scrap ASEAN trade deal over Burma
The Australian Manufacturing Workers Union says the Federal Government should cease Association of South-East Asian Nations (ASEAN) free trade negotiations immediately, in line with Burma sanctions.
Stop CAFTA Coalition releases "DR-CAFTA Year Two"
The Stop CAFTA Coalition announces the release of "DR-CAFTA Year Two: Trends and impacts", its second report on the effects of the US-Dominican Republic-Central American Free Trade Agreement on the majority of people in the region.
Senate rejection of JPEPA seen
After three hearings, the proposed trade treaty between the Philippines and Japan is on the verge of defeat in the Senate after government officials again failed to convince the senators of the treaty’s benefits to the country.
FEMA amendments likely to lift FDI ban on Bangla firms
Bangladeshi companies may soon be allowed to invest in India. The Indian government is proposing to do away with the ban on foreign direct investment from Bangladesh. It is considering an amendment to the Foreign Exchange and Management Act.
Stop EU trade talks with ex-colonies - protesters
Demonstrators in Brussels and Nairobi demanded on Thursday a halt to trade and investment negotiations between the European Union and former colonies, saying the proposed deal would harm poor countries.
Ambassador confirms US trade threat to Chile in runup to Iraq war
Current Chilean Ambassador to the United Nations, Heraldo Muñoz, confirmed Wednesday that, in the run up to the Iraq war, the US government made clear to Chile that it risked jeopardizing the Free-Trade Agreement (FTA) between the two countries if it did not support a second resolution in the UN Security Council favoring the US invasion of Iraq.
World Bank asks for more time on EPAs
Senior World Bank staff have asked the European Union to consider extending the end-of-year deadline it has set for a series of free trade agreements with Africa.
Referendum in Costa Rica: Countdown to CAFTA?
Even if Costa Ricans vote not to adopt CAFTA on Oct 7, they may still suffer economically from it.
Govt turns to Comesa as tax threat looms in EU
Africa’s largest trade bloc may hold the future for Kenya’s growing exports sector that is facing an uncertain future in traditional markets such as Europe, latest trade data indicates.
Peru trade pact clears major hurdle in Congress
A key US House of Representatives committee gave preliminary approval on Tuesday to a free trade pact with Peru hailed by senior Democrats as the first installment of a new trade policy.
India, EU to talk services agreement
“For India, services is the most important aspect of the India-EU bilateral pact,” a commerce department official said.
Africa feels pain of trade talks with Europe
Africa is in a catch-22 situation. The Economic Partnership Agreements will ensure continued tariff-free exports to Europe, but may kill domestic production.
Israeli deal to boost defence
A surge in Israeli hi-tech investment and the transfer of world-leading military technology is set to be unleashed next year with the expected sealing of a free trade agreement between Australia and Israel.
Central America Free Trade Agreement dividing Costa Rican society
For the first time in the history of world, a voting population will have the opportunity to vote on a free trade agreement in a referendum.
GCC, Seoul set to start FTA talks
As part of an ambitious plan to widen economic cooperation, the six-nation Gulf Cooperation Council and South Korea are all set to start negotiations after Ramadan to implement a free trade agreement
India, Sri Lanka aim to broaden free-trade agreement
Discussions on a Comprehensive Economic Partnership Agreement have been inconclusive for about three years as India seeks to restrict the export of pepper and hydrogenated vegetable oil from Sri Lanka, which is concerned about jobs being lost to Indians.