Modalities for a Free Trade Agreement (FTA) between Pakistan and Brunei Darussalam are being finalised and hopefully the agreement would be in place by the end of this year. This was stated by Pakistan's High Commissioner to Brunei Darussalam Major General (retd) Syed Haider Jawed, while speaking at Lahore Chamber of Commerce and Industry (LCCI) on Thursday.
When foreign ministers from the European Union and Southeast Asia gather in the German city of Nuremberg Wednesday, regional security will top the agenda.
Japan is one of the biggest markets for Brunei's liquefied natural gas. Undoubtedly the EPA is said to include a clause that ensures a stable supply of natural gas for Japan. More than US$2 billion worth of gas were supplied to Japan in 2005 alone.
Japan has agreed with Brunei in principle to liberalize bilateral trade, seeking to secure a stable energy supply from the resource-rich Southeast Asian country, the Japanese government said Thursday.
Japan and Brunei kicked off their first round of official negotiations Monday in Tokyo aimed at sealing a bilateral free-trade agreement, with Tokyo aiming during the five-day run to win tariff cuts on its industrial goods exports and a stable supply of natural resources from the Southeast Asian country.
Japan and Brunei will hold the first round of talks aimed at concluding a free trade agreement in Tokyo for five days from Monday, Japan''s Foreign Ministry said Thursday.
New Zealand and Singapore are encouraging other countries to join the Trans-Pacific Strategic Economic Partnership Agreement, dubbed the "P4" that also includes Chile and Brunei.