The US Government Accountability Office says bilateral free trade agreements signed by the United States work: they deliver new market opportunities for America's agriculture sector.
The media have lashed out at the Democratic Party of Japan over its apparent backpedaling on wanting a free-trade agreement between Japan and the United States.
US Representative Ileana Ros-Lehtinen is urging US Trade Representative Ron Kirk to promptly resume negotiations with Taiwan for a Trade and Investment Framework Agreement (TIFA) and for a US-Taiwan bilateral investment agreement. The negotiations were broken off last year by the US in retaliation for Taiwan’s restrictions on the import of US beef.
Secretary of State Hillary Clinton has said that the US and Mauritius will begin negotiations for a Bilateral Investment Treaty (BIT) to strengthen investor protections and encourage the continuation of market-oriented economic reforms in the African nation.
The Democratic Party of Japan plans to revise its proposal for a free-trade agreement with the United States, apparently due to concern over a potential backlash from farmers, top DPJ official Naoto Kan said.
In a new development, Pakistan has decided to reinitiate the stalled process of technical dialogue with the US authorities to finalise the Bilateral Investment Treaty (BIT) by December this year, The News has learnt.
A team from Washington will visit New Delhi next week to discuss liberalisation of investment laws that had taken a back seat due to
elections in both the countries.
Those expecting the US Congress to ratify the trade pact with South Korea any time soon are going to be badly disappointed. The trade pact is not even on the political radar screen at the moment and the Obama administration would like to keep it that way.
A pending agreement that would give the US military broad access to several Colombian bases is rattling already shaky relations in the Andean region, where Venezuela "froze" relations with Colombia Tuesday. Uribe agreed to the deal in the hopes of finally winning approval of a free-trade agreement with the United States, according to critics.