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US businessmen perceive RP a ‘protectionist’ market
"When the USTR tried to have discussion with the Philippines on TIFA (Trade and Investment Facilitation Agreement) not much happened there because there is a perception that the Philippines is a protectionist and not really interested in opening up and that makes it so difficult," says the US Chamber of Commerce.
Costa Rica advances in free trade talks with China, Singapore
Both accords are expected to be finalized within the first half of 2010.
Egypt seeks to expand US trade zones
Egypt has asked the United States to expand preferential trade industrial export zones in southern Egypt, but a bilateral free trade deal is “off the table” for now, Trade Minister Rachid Mohamed Rachid said yesterday.
Japan goes gaga over banana diet
More than 90 percent of Japan's banana import comes from the Philippines, where Sumitomo Corp. has been operating for 40 years. Sumitomo's profit quadrupled to Y 1.7 billion in the fiscal year ending March 31, 2009, boosted by the morning banana diet.
Fishing boats blockade shipping channel in protest against ASEAN trade pact
Scores of mechanised fishing boats and crafts blockaded the shipping channel at Fort Kochi on Monday as a show of protest against the export-import agreement India has signed with the Association of South East Asian Nations (ASEAN).
Expanding the Pathways to Prosperity in the Americas
At least in rhetoric, the PPA attempts to balance economic progress and trade initiatives with social justice. Until something is done with the flawed NAFTA model which has benefited multinational corporations at the expense of labor, health, safety and environmental rights, it will not mean a damn thing.
CPI(M) concerned over ASEAN FTA
The Communist Party of India (Marxist) on Sunday expressed concern at the free trade agreement with the ASEAN countries and termed as “intriguing” the move by India to break the so-called deadlock in the World Trade Organisation’s talks.
Eritrea in Negotiations to Join Economic Partnership Agreement with EU
Eritrea is involved in ongoing negotiations to enter the Economic Partnership Agreement (EPA) with the European Union. The comprehensive trade partnership would cover issues like services, investment, agriculture, technical standards, trade facilitation and trade related rules.
Eastern promises
When the Rubber Bill (intended to amend the Rubber Act, 1947) was presented in Parliament on August 7, the Opposition did not let it through. The reason was, it was presented by Prithviraj Chavan, minister of state for parliamentary affairs, and not any minister of commerce and industry, which is the ministry concerned.
ICSID rejects Turkish Co $756m claim against Pak
An arbitral tribunal appointed by the International Centre for Settlement of Investment Disputes (lCSID) of the World Bank hearing a claim brought by a Turkish investor against the Islamic Republic of Pakistan has rejected all claims for breach of a bilateral investment treaty between the two countries.