Egypt has never been a major trading partner for the US, and after a Free Trade Agreement between the two failed to get off the ground during the previous two administrations, the question now is whether Obama's team will be open to new negotiations or whether Egypt should focus its efforts more narrowly.
Australian officials are intensively lobbying lawmakers on Capitol Hill to reconsider new "Buy American" provisions that were attached to the $US819 billion ($1.25 trillion) stimulus package passed by the House of Representatives on Wednesday, amid fears that they will usher in a new era of protectionism and harm Australia's steel exports to the US.
The federal government has confirmed it is now playing a part to help resolve a dispute between AbitibiBowater and the Newfoundland and Labrador government.
Datuk Mustafa Mansur, president of Federation of Malaysian Manufacturers (FMM) wants the Free Trade Agreement (FTA) discussions with the United States to be restarted to strengthen market access. “The FTA with the US will open up a big market for us,” says Mustafa.
In Bush's final hours in office, he implemented a trade agreement with Peru despite calls by Congress, unions, environmental and human rights groups to delay action to ensure that Peru's laws meet its commitments before the agreement enters into force. At the same time, the Bush Labor Department's Office of Trade & Labor Affairs rejected a petition, the first of its kind, under the labor provisions of the Central America Free Trade Act (CAFTA).
Two weeks ago, as the Peruvian Congress buoyantly rushed to amend labor, health, and environmental requirements in order to implement the long pending bilateral Free Trade Agreement (FTA) with the US, former President George W. Bush and Peruvian President Alan García could not afford any further delays. As Barack Obama moved into the White House, it was clear that the Bush and García Administrations' priority was to declare the FTA in effect regardless of what had been previously negotiated and amended in the halls of the Peruvian Congress.
Bangladesh will resume the pending talks with the United States on striking a deal --Trade and Investment Framework Agreement (TIFA) -- as new governments in both the countries have assumed office.
The US-Malaysia Free Trade Agreement (FTA) is to be fast-tracked under the administration of the new US President Barack Obama, US Ambassador to Malaysia James R. Keith said today.