The European Union said it will seek bilateral trade deals with China and Korea, exploring new ways of conquering foreign markets as talks over a global trade pact flounder.
Thai exporters and importers have benefited from the free-trade agreements with Australia and India but reaped fewer benefits from Asean's FTA with China, according to a survey by the Thailand Development Research Institute (TDRI).
The latest round of free trade agreement talks in Beijing failed to make its expected start on the crucial issue of market access for goods, because China was unable to provide sufficient information.
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.
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.
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.
China and Cyrus signed an economic cooperation agreement on Wednesday, pledging to strengthen and develop bilateral cooperation in the sectors of trade, research, science and technology.
Australia told Beijing today it wanted access to China's services market by the end of the year, saying it needed to see real progress as the sixth round of free trade talks begin.
Australian manufacturers are experiencing increased competitive pressures in their dealings with China, while at the same time they now see China as the most important market in which to grow their business outside Australia, according to a major new study released today by the Australian Industry Group.