ISDS Case Map
ASEAN
The cabinet yesterday approved the negotiation framework for the Asean-Canada free trade agreement (FTA), hoping the pact will help open a gateway for Thailand into North America.
Prime Minister Narendra Modi has called for an early review of the ASEAN India Free Trade Agreement (FTA) in goods that the country has been insisting on to help Indian businesses gain better market access in the region.
India is currently faced with the challenge of rebalancing its trade strategies because of some significant changes occurring in the global economic environment. Further, India is looking to fast-track its FTA negotiations with countries such as the US, the UK, Australia, the EU, Canada and the UAE.
While competition among FTA styles can drive innovation, it does present a key problem for non-super-sized economies: knowing which one to adhere to. For all the new ideas they offer, the various deals available within the Asia-Pacific are often inconsistent and cannot exist comfortably side by side.
Leaders of China and Brunei called for bringing the Regional Comprehensive Economic Partnership (RCEP) into force at an early date.
A free trade agreement between the ASEAN and Canada will be a win-win for all sides, particularly in the context of economies that are struggling to come out of the pandemic, Canada’s Prime Minister said.
Brunei has ratified the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement, almost one year after signing the 15-nation pact.
Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, has called upon the ASEAN bloc to do away with Non-Tariff Barriers (NTBs).
Asean is set to resume free trade agreement (FTA) talks with the EU after negotiations were suspended since 2009.
South Korea said it plans to implement or launch negotiations for a set of new FTAs with trading counterparts from Southeast Asia and Latin America this year, as part of efforts to reduce its reliance on major economies.
