ISDS Case Map
ASEAN
Indonesia is ready to soon implement a free trade agreement with Australia and New Zealand as part of a free trade pact signed by ASEAN and the two countries.
The Philippines will be focusing on beefing up regulatory reforms in various sectors, in preparation for integration into the Association of Southeast Asian Nations Economic Community (AEC) by 2015.
Aiming to explore further trade and investment opportunities in many areas, the Sultanate will host the first GCC-Asean Business Forum in February next year.
Filipino exporters are encouraged to take advantage of reduced tariffs under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) to increase their exports of goods and services to Australia, the world’s 13th largest economy.
Officials at the GCC and Asean countries stressed the importance of enhancing co-operation in the fields of trade and investment and exploring the possibility of negotiation regarding the Free Trade Agreement between the two groups.
The Bureau of Customs on Wednesday said its collections in the first six months were 8.6-percent below target due to a strong peso and partly as a result of slower imports following Japan’s twin disasters in March.
The EU and ASEAN states have been discussing the possibility of signing a Free Trade Agreement since 2007. Thankfully, the Indonesian government has decided that another one to two years is needed to fully investigate the effects of the FTA before signing.
United States Senator Richard G. Lugar, the Republican Leader of the Senate Foreign Relations Committee, today introduced legislation encouraging United States officials to initiate Free Trade Agreement negotiations between the US and the Association of Southeast Asian Nations, which presently accounts for the fourth largest export market of the United States.
Taking its market opening pact further with the 10-nation Asean bloc, India today announced implementation of its free-trade agreement with Philippines.
Germany supports a speedy conclusion of the proposed free trade agreement between the European Union and ASEAN. This was in view of the non-conclusion of the Doha round of talks, says German Chancellor Angela Merkel.
