When Canada's premiers gather in Vancouver next week, it's hard to imagine that the subject of trade talks with the European Union won't come up. The potential ramifications of any deal for the provinces are enormous.
Members of the European Parliament discussing the agriculture budget said that compensation for beef farmers that could face Mercosur competition, if a trade agreement is finally reached, “is not enough” and anticipated that “we will not accept sweeteners in this area”.
Russia, Belarus and Kazakhstan, which have recently formed a common economic space (CES), should start talks to create a free trade zone with the European Union, Russian Prime Minister Vladimir Putin said on Tuesday.
The European Union has informed the WTO that it is pressing for inclusion of strong IPR regime in the free trade agreement under negotiations with India even as the Commerce Ministry has maintained that New Delhi will not yield to the EU on this issue.
European Union President Herman Van Rompuy told Hiromasa Yonekura, head of the Japan Business Federation, that Japan should budge on the issue of dropping nontariff barriers, an official said, quoting Yonekura as saying during the meeting, "I will tell the government when I'm back."
Vietnam and the EU are now at the beginning of negotiations. Vietnam expects to benefit from exporting agricultural and aquaculture products to the EU market, while the EU hopes to export machines, equipment and automobiles to Vietnam.
Tobacco giants are invoking investor-state dispute mechanisms in bilateral investment agreements to challenge moves of governments which are aimed at controlling the widespread use of tobacco products. This scary development highlights the dangers of signing trade or investment treaties which could give corporations the right to sue governments over legitimate health or other public interest regulations.
The European Union should consider signing a free trade agreement with Taiwan as “the EU’s Asian regional economic strategy will not be complete without Taiwan,” said Chen Ming-shy, deputy director-general of the Bureau of Foreign Trade July 6.