ISDS Case Map
Australia
South Korea and Australia have taken another step towards signing a free trade agreement (FTA), despite the ongoing global economic crisis.
The Indonesian Industry Ministry demanded a postponement of the Association of South East Asian Nations (ASEAN) and Australia, New Zealand Free Trade Agreement (FTA) to protect Indonesian local industry, said an official here on Thursday.
Australian officials are intensively lobbying lawmakers on Capitol Hill to reconsider new "Buy American" provisions that were attached to the $US819 billion ($1.25 trillion) stimulus package passed by the House of Representatives on Wednesday, amid fears that they will usher in a new era of protectionism and harm Australia's steel exports to the US.
Thai lawmakers yesterday approved a total of 41 crucial Asean agreements after a stormy House session was suspended twice due to heated debates. Among the pacts were free-trade agreements between Asean and India, China and Australia & New Zealand.
Canberra has expressed hopes that member-countries of the Association of Southeast Asian Nations (Asean) will sign a comprehensive free-trade agreement (FTA) with Australia-New Zealand--already completed--that seeks to loosen restrictions on trade and improve investments.
Hakubaku Australia has completed the largest ever export deal for Australian-made organic retail products into Korea with a $300,000 shipment of organic somen noodles to leading Korean food brand Sajo Haepyo, with the assistance of Austrade. This represents the second largest retail coverage for any Australian-made product behind Australian beef and shows the potential impacts of the proposed Australia-Korea FTA.
Indonesia, Southeast Asia's largest economy, has delayed signing a trade deal with Australia and New Zealand, due to be inked this month, until March next year, a senior official said Monday.
Australia and Korea have concluded preparatory talks on a bilateral free trade agreement (FTA).
The Australian Parliamentary Library has released a background note analysing Australia's bilateral free trade agreements (FTAs) which shows how clearly destructive they have been (although the analysis is only from an economic perspective).
Australia will today sign a free-trade agreement with Asean to stimulate trade, services and investment growth.
