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Ankara, Kiev sign deal to boost cooperation
Turkey and Ukraine signed a protocol on May 4 to deepen economic and trade cooperation between the two countries. The protocol was signed by Turkish Deputy Prime Minister Ali Babacan and his Ukrainian counterpart Sergei Tigipko after the eighth term meeting of the Turkey-Ukraine Trade and Economic Cooperation Committee, in the Ukrainian capital Kiev.
Ford Europe hits at EU-Korea trade deal
The European boss of Ford Motor, the continent’s fourth-ranked carmaker by sales, has complained about “significant imbalance” in trade in cars under a free trade agreement with South Korea that took effect last year.
3rd round of India-Australia FTA talk to be held this month
India and Australia will hold the third round of negotiations for the conclusion of a comprehensive free trade agreement in Sydney later this month.
Leading US official rules out renegotiation of free trade pact
Assistant U.S. Trade Representative Wendy Cutler ruled out renegotiation of the Korea-U.S. free trade agreement on Thursday, saying the deal had been in effect for just six weeks. Her comments foreshadowed a tough time for the Korean government’s efforts to revise the investor-state dispute settlement system under the accord.
Huge potential exists in Indian market for Pakistani items
Indian market has huge potential for Pakistani items, but experts are discussing India’s import impact on domestic economy, ignoring the potential of services sector exports to that country, according to speakers of a seminar on Thursday.
’Chasm’ in trade talks
An American business lobbyist has given a sober assessment of Trans-Pacific Partnership [TPP] talks, citing a ’’chasm’’ between leaders’ ambitions and their negotiators’ positions.
Canada’s other drug war
There’s a debate raging over Canada’s intellectual property regime. If one side’s right, Canada stands to pay $2.8 billion more every year in drug costs while it undermines its generic-drug manufacturing sector.
1st round of FTA talks with China due May 10
Korea will hold its first round of negotiations with China on the bilateral free trade agreement next Thursday in Beijing, Seoul’s Trade Ministry said Friday.
Bilateral trade: Pakistan, South Korea reiterate ties
Islamabad and Seoul can raise bilateral trade up to $3 billion, for which both governments should expedite negotiations to sign a free trade agreement and encourage the visit of business delegations and exhibitors from either side, said a press release obtained from the Karachi Chambers of Commerce and Industry (KCCI) on Thursday.
US exporting obesity to Mexico
According to "Exporting Obesity," a recent paper from the Institute for Agriculture and Trade Policy, the North American Free Trade Agreement, or NAFTA, allowed the U.S. to send even more of its massive quantities of corn, soybeans, sugar, meat, and other foods to Mexico. An influx of cheap calories helped to push Mexico’s obesity rate upward.
Ford asks steep price for Japan to join trade talks
Japan should be required to reduce the size of its auto industry before being allowed into regional free trade talks with the United States and eight other countries in the Asia Pacific, a top Ford Motor Co official said.
The return of investment policy — The U.S. is back in the game
Foreign investment policy hasn’t been the main focus of the U.S. government in recent years. However, this may begin to change and industry leaders should not stay behind.
EU trade deal could send drug prices soaring, provinces warn Harper
Provincial governments are expressing concern about the prospect of sharply higher prescription drug prices for Canadians if the Harper government accepts European Union demands for expanded drug patent protection laws.
Seoul to limit fallout of China FTA on farm sector
South Korea will draw up safeguard measures to minimise the fallout of a free trade agreement (FTA) with China on its farming sector, the Seoul government said.
Kaesong Complex could be given special status
South Korea and China have agreed to designate the Kaesong Industrial Complex an outward processing zone (OPZ). The agreement was made shortly before the two countries’ trade ministers declared the opening of negotiations for a South Korea-China free trade agreement (FTA).
Long, bumpy road to FTA with China
Trade minister Park Tae-ho has declared the opening of free trade agreement negotiations with China, but a rough road lies ahead. In addition to concerns about the major blow an FTA would deal to the domestic agriculture and fishing sectors and small manufacturers, questions are also being raised about the economic effects of recent FTAs with the European Union and United States.
Free trade plans with China announced
On May 2, South Korea and China formally announced the beginning of negotiations toward a bilateral free trade agreement.
Agriculture at risk under FTA with China
Major concerns about a potential South Korea-China free trade agreement are already being voiced by the agriculture community and small manufacturers.
Argentina: Towards a possible new withdrawal from ICSID?
As long as States, like Argentina and many others, accumulate a large amount of cases against them or obtain sistematically wrong results before ICSID arbitrators — which is the rule, with a very few exceptions — it is possible that the list of ICSID withdrawals will increase in the Americas.
Treaties that gave away the store
As India grapples with the Vodafone and 2G fallout, the Bilateral Investment Treaties it signed a few years ago are coming back to haunt it.