Nigeria, sub-Saharan Africa's second largest economy, will not sign free trade deals with the European Union until it is sure it can comfortably compete, a minister said on Wednesday.
A Free Trade Agreement (FTA) with Singapore would be beneficial because it would result in more opportunities with Sri Lanka, currently attempting to develop itself as a hub to India and a financial hub; particularly due to the country's existing respective FTAs with India and with Pakistan, a top Singapore businessman has said.
A new wave of investments from India to Europe and from Europe to India is likely to follow the India-EU free trade agreement which would take the bilateral trade to 160 billion euro by 2015, says the Indian Ambassador to France Ranjan Mathai.
The debate surrounding the South Korea-U.S. Free Trade Agreement (KORUS FTA) is growing stronger. President Lee Myung-bak’s suggestion of a possibility of renegotiation of the auto trade clauses in the agreement during the South Korea-US summit press conference has set it off.
Lawmakers have demanded that Trade Minister Mari Elka Pangestu make available the feasibility studies on the proposed free trade agreements (FTAs) following business community concerns that losses may outweigh gains.
Leaders of the five-member East African Community bloc on Friday signed a common market treaty to allow free trade, movement and right of residence, the first of its kind on the continent.
After years of pursuing a free-trade pact with the European Union, Syria is balking at signing a deal, as local businesses express worry about competition from European goods.
Economic integration of all the eight South Asian countries posses a challenge to the political leaders of the region.
Though South Asia Free Trade Agreement (SAFTA) was operationalised from July 2006 the intra regional trade increased at a snail space from 3.2% in 1980s to only 5.5% in 2008, which is far below when compared with 58% in NAFTA, 54% in European Union, 25% in ASEAN and 22% in COMESA.
Australia's breakthrough with China on another round of negotiations on a free trade agreement after a 12 month lag is "very pleasing", Trade Minister Simon Crean says.
While speaking on the Korea-U.S. Free Trade Agreement (FTA), President Lee Myung-bak hinted Thursday that he would consider engaging in additional negotiations in the automobile sector if the U.S. requests it. President Lee’s statement is expected to cause controversy.
The government has earmarked close to five hundred items for inclusion on an "Early Harvest" list in an economic agreement with China, according to Economics Minister Shih Yen-shiang on Wednesday.
Trade Minister Datuk Mustapa Mohamed hopes to find out in a few weeks if the country should still pursue a free trade area deal with the US, its biggest trading partner, or join a regional pact instead.
Korea and Colombia will launch formal negotiations next month to seal a free trade agreement (FTA) as part of efforts to boost bilateral trade, Seoul’s trade ministry said yesterday.
