During the third round of FTA negotiations between Korea and the US that started on September 6, the US required that trade related laws including fair trade laws should be strictly applied to the Korean companies including large conglomerates (known as Chae-bol) and this be clearly stated in an FTA agreement.
Shifting world dynamics mean that a proposed overhaul of the US tariff preference system threatening to exclude Argentina, Brazil and Venezuela -- the three main countries currently driving trade within Latin America -- needs to be examined in a global context.
The service sector has emerged as one of the major contributors in the global Gross Domestic Product (GDP) and trade. On an average, while services account for more than 70% of GDP in developed countries and 50% in developing countries, their share in global exports have grown from 15% to nearly 25% over the last two decades. In the case of South Asia too, the share of services in GDP and trade has increased.
The US wants Korea to open 11 service sectors including broadcasting and telecommunications, home delivery, legal and accounting services. In a third round of bilateral free-trade negotiations, the service sector is tipped to be the main stumbling block since Seoul has a mind to give in to few US demands except letting some US law firms operate here and some others.
After numerous stakeholder inquiries and intense media commentary, government has finally revealed how it intends to effect the textile and clothing agreement concluded with China in June.
A Colombian scientist in forensics and populations is in the country to undertake an ample training program in advanced molecular biology techniques with a view to creating human resources capable of genetically categorizing the various agriculture crops destined for export in light of the DR-CAFTA trade accord soon to be implemented.
Mention "Seattle" and "trade talks" in the same sentence and you'll send a chill through residents who remember December 1999, when destructive riots broke out during the World Trade Organization meeting.
Imbalances related to China's foreign exchange policies cannot be addressed by China alone and require an international effort, Supachai Panitchpakdi, head of the United Nations Conference on Trade and Development (UNCTAD) said.
South Korea and the United States will launch the third round of free trade negotiations in Seattle beginning September 6. Unlike the first and second rounds, both are expected to draw up detailed measures on market opening.
WTO chief Pascal Lamy on Wednesday warned that China's pursuit of separate bilateral and regional free trade agreements would harm its long-term commercial interests.
The US and South Korea begin a third round of free-trade talks on Wednesday, hoping to make progress toward an accord that could be the biggest of its kind for the US since the North American Free Trade Agreement of 1993.
The Bahrain-US Free Trade Agreement (FTA) Implementation Committee yesterday held its first meeting since the international trade agreement was ratified on August 1.
