Prime minister Manmohan Singh indicated on Monday that he was open to negotiating a free-trade agreement (FTA) with the US, on the lines of a pact inked in August with the 10-member Association of Southeast Asian Nations.
India and the US have signed two inter-governmental agreements on traditional knowledge, intellectual property and investment promotion during Prime Minister Manmohan Singh’s first state visit to the US.
In a press conference on Thursday with US President Barack Obama, President Lee Myung-bak said, "If there are any problems in the automobile sector... then we are ready to resolve this issue." The US side probably interpreted Lee's comments as signaling his willingness to either re-negotiate the FTA or hold additional talks.
Vietnam expressed concerns about the possibility of executing some terms and conditions in the BIT draft, especially those relating to transfer of money, financial services, list of non-conforming measures and minimum standard treatment.
The debate surrounding the South Korea-U.S. Free Trade Agreement (KORUS FTA) is growing stronger. President Lee Myung-bak’s suggestion of a possibility of renegotiation of the auto trade clauses in the agreement during the South Korea-US summit press conference has set it off.
While speaking on the Korea-U.S. Free Trade Agreement (FTA), President Lee Myung-bak hinted Thursday that he would consider engaging in additional negotiations in the automobile sector if the U.S. requests it. President Lee’s statement is expected to cause controversy.
Trade Minister Datuk Mustapa Mohamed hopes to find out in a few weeks if the country should still pursue a free trade area deal with the US, its biggest trading partner, or join a regional pact instead.
More than twenty thousand South Korean farmers rallied on Tuesday to denounce free trade with the United States, ahead of US President Barack Obama’s visit to the country.
The United States' agreement to participate in negotiations on a Asia-Pacific regional free trade agreement (FTA) should see "brilliant" economic growth for New Zealand, says Prime Minister John Key.