Australia is preparing to move ahead with a free-trade agreement next year with its most important trading partner, Japan, on the 50th anniversary of the ground-breaking treaty of commerce between the two countries.
An activist group monitoring the Free Trade Area agreements between Thailand and other countries has urged the Government to stop negotiating now and give up plans to sign FTA accords with Japan and the United States.
The Diet cleared a free-trade agreement with Malaysia on Wednesday, bringing the pact one step closer to coming into force. To complete the ratification process, the Diet still needs to pass related bills concerning rules on product origin and tariff rates. In Malaysia, ratification does not require legislative measures, only administrative procedures.
FTA Watch, a Thai civic group campaigning against free trade pacts, demanded an amendment to article 224 of Thailand's constitution to clearly state that any bilateral trade deals be subject to parliament's endorsement without conditions.
Japan and Indonesia wrapped up their fourth round of negotiations on a bilateral free trade agreement in Tokyo on Friday, with Japan proposing for the first time a draft clause in the FTA which calls for bilateral cooperation on mineral resources.
US Ambassador to Japan Thomas Schieffer expressed concern on Wednesday about Japan's idea to create a free trade zone in East Asia, claiming it could damage US regional interests.
Indonesia and Japan began their fourth round of official negotiations for a bilateral trade and economic cooperation agreement Monday, and hope to reach a basic accord by the end of the year at the latest.