An ad hoc coalition of 40 food and agricultural organizations led by the National Pork Producers Council in a letter sent yesterday to the Obama administration and Congress expressed concern that a proposed free trade agreement between the United States and the European Union might fall short of long-established US objectives for trade pacts.
Kenya's flower exports to the European Union will be subjected to a 16 per cent duty should a proposal to impose a deadline on the Economic Partnership Agreements negotiations sail through the European Parliament this year.
Some African countries could lose tax-free access for exports to the European Union if they fail to sign a deal by next year to replace preferential agreements that the World Trade Organisation has rejected, an EU lawmaker said on Wednesday.
A bid by European parliament to impose a deadline for reaching a binding trade pact with East Africa is driving a wedge between the Government and exporters who feel the matter is not being addressed urgently enough.
The government proposes to levy a heavy retrospective tax on some international mergers that would allow it to tax any overseas merger dating back to 1962 when an underlying Indian asset was transferred.
The Ecuadorian government will try to reach a new trade agreement with the European Union, since in 2013 the benefits the country receives for the Generalised System of Preferences (GSP Plus) will expire.
The Economic Partnership Agreement being negotiated with African countries, including Nigeria, on sub-regional basis by the European Union will further underdevelope the continent despite the juicy promises, former governor of the Central Bank of Nigeria, Professor Chukwuma Soludo, has warned.
EU trade ministers agreed on Friday to approve a free trade pact with Colombia and Peru that could boost European car and chemical exports and lift food and mineral exports from the South American countries.
The Opposition NDP is asking the federal government to lift what it argues is a veil of secrecy over one of the largest free-trade deals in this country's history.