The European Union is set to clear the final legal hurdles to a free trade agreement with South Korea, putting pressure on Taiwan and Japan to strike similar deals with Brussels.
European Commission plans to reduce member states' influence on the EU's day-to-day decision-making by reforming the so-called 'comitology' procedure were yesterday approved by MEPs, shifting power over key trade decisions like multi-million euro import tariffs away from national governments to the EU institutions.
Free-trade talks between Canada and the European Union will enter a crucial phase early next year, when the provinces will be asked to clarify where they stand on opening their procurement contracts to foreign bidders — a potential dealbreaker for the Europeans.
Turkey is offering economic partnership agreements to potential trade partners instead of traditional free trade agreements in an attempt to bypass regulations in its customs union deal with the European Union, a Turkish minister has said.
Talks for a Canada-Europe trade deal haven't attracted the kind of clamour that surrounded free trade with the United States in 1988, but the Europeans do have a wish list that includes some of Canada's sacred cows: They want exemptions from our foreign-investment restrictions.
The government has thrown its weight behind the South African sugar industry’s demand for preferential access to European markets. If granted, this would put SA on an equal sugar-trade footing with other sugar producing developing economies — the African-Pacific-Caribbean countries and the world’s least developed countries — for the first time since the industry lost its access under apartheid.
It appears the Europeans are increasingly warming up to a Canadian demand that closely resembles the Chapter 11 clause in the North American Free Trade Agreement.
The CPI(M) today said the government has "no mandate" to negotiate the Indo-European Union Free Trade Agreement (FTA) without consulting Parliament and political parties as it would adversely affect the economy and large sections of the people.