India plans to abolish the investor-state dispute system and renegotiate FTAs with South Korea, Singapore, and other countries, an Indian newspaper reported.
Prime Minister John Key will be disappointed to leave Seoul without a firm commitment from Lee Myung-bak to finalise the bilateral free trade negotiations before the South Korean President leaves office this year.
Importers and distributors, not consumers, are the chief beneficiaries of free trade agreements (FTA). Korea badly needs drastic reform in the distribution channels as consumers are victims of price gouging.
Chrysler-Fiat CEO Sergio Marchionne told lawmakers Wednesday he is skeptical of the benefits of some free-trade agreements, and urged caution about proceeding with some new agreements.
The news this week that the South Korea-U.S. free trade agreement came into force sent jitters through the ranks of Taiwan exporters. It is no secret that the island’s businesses have been doing it tough recently, and the last thing needed was more pain in sectors where they have been fighting hard to remain competitive.
New Zealand Prime Minister John Key would like to see a free trade agreement (FTA) with South Korea agreed this year in order to bolster bilateral trade links, despite admitting Monday that some South Korean industries would resist a deal.
Japan, South Korea and China have wrapped up a three-way investment treaty seen as an important stepping stone toward the far more ambitious goal of forging a free-trade zone among the Asian neighbors despite a history of tension and distrust that have hindered closer ties.