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EU remains dead set on trade deal
European Union Trade Commissioner Karel de Gucht took a “conciliatory but firm stance” on economic partnership agreement (EPA) negotiations when he recently met with Africa-Caribbean-Pacific (ACP) countries.
Free trade pact a dud for Australia
The Australia-US Free Trade Agreement (FTA) has just completed its seventh year. The US Bureau of Census calculated that most marriages that end last for eight years - the itch is supposed to begin in the seventh - so the fundamental issue is whether the relationship has been good for both parties.
Legal weapon that gives corporations the edge on governments
Swedish energy giant Vattenfall will take advantage of an "extraordinarily powerful legal tool" now available to the world's corporations to sue the German government for phasing out nuclear power, it was confirmed this week.
U.S. companies profit from investor-state dispute system
The South Korean government describes the investor-state dispute system (ISD), introduced by the country for 81 bilateral investment treaties (BITs) formed since 1967, as a means of protecting offshore investments by South Koreans. But South Korea has never once sued another country, nor has the government been sued by a foreign investor. The reason was that none of those treaties was with the United States.
The KORUS FTA’s problem of American exceptionalism
President Lee Myung-bak’s recent visit to the United States set a new political record. Prior to the South Korea-U.S. summit meeting, U.S. Congress passed the implementation bill for the South Korea-U.S. Free Trade Agreement (KORUS FTA) with unprecedented speed. But does President Lee know that the KORUS FTA has no force in the United States whatsoever?
Canada eyes India for investment in trillion-dollar infrastructure plan
India is on Canada’s radar screen as it wishes to be a part of a trillion-dollar infrastructure plan to consolidate trade and investment ties with Asia’s third-largest economy, Canadian international trade minister Ed Fast said on Friday.
Pig farmers say imports cause bankruptcies, violate trade pact
Pig farmers denounced that thus far this year the Agriculture Ministry has approved the import of nearly 6,000 tons of pork meat beyond the amount approved for the entire 2011, violating the Free Trade Agreement’s (DR-CAFTA) tariff quota.
KORUS FTA battle approaches railroad or referendum
The ruling Grand National Party (GNP) ratcheted up the pressure on the opposition Friday, hinting at the possibility that it will exercise authority to raise the ratification motion for the South Korea-U.S. Free Trade Agreement (KORUS FTA).
Pakistan exploring PTA prospects to boost garment exports
Eyeing to boost its garment and other textile items exports, the Government of Pakistan is exploring the prospects of Preferential Trade Agreements (PTAs) with various countries.
Free-trade deals lack foreign safeguards
One purpose for the federal government’s pursuit of free trade deals with other nations is to protect Canadian investors from mistreatment in foreign countries.