The Vietnam-Japan Economic Partnership Agreement (VJEPA) has come into official effect on October 1, thus import duty rates will be cut in accordance with the agreed roadmap.
Amid fresh talks on the India-Japan free trade agreement (FTA), concerns are being expressed about certain measures that could hamper generic drugs and access to medicines.
India and Japan will start a fresh round of talks on a free trade agreement on 29 September after discussions in January remained inconclusive because the countries failed to find common ground on a few contentious issues.
Yukio Hatoyama and the Democratic Party of Japan (DPJ) have finally taken up the reins of power after their stunning election victory Aug. 30. The promise of their manifesto is change. With politicians on top and bureaucrats on tap, Japan is to develop a proactive autonomous foreign policy that establishes a more balanced Japan-U.S. alliance, strengthens Japan's trade relations and promotes measures to prevent global warming. Interestingly, this agenda is echoed in Brussels.
A group led by former Vice-President Teofisto T. Guingona, Jr. and former Senate president Jovito R. Salonga has asked the Supreme Court (SC) anew to quash the trade agreement with Japan.
More than 90 percent of Japan's banana import comes from the Philippines, where Sumitomo Corp. has been operating for 40 years. Sumitomo's profit quadrupled to Y 1.7 billion in the fiscal year ending March 31, 2009, boosted by the morning banana diet.
The bilateral free trade agreements (FTAs) India is negotiating with Japan and the European Union (EU) can lead to a sharp rise in the cost of medicines, a network of civil society groups has warned.
A free-trade agreement between Japan and Switzerland came into force Tuesday as the two countries aim to liberalize more than 99 percent of their trade in goods in 10 years.