A free trade pact between the United States and Japan would generate hundreds of billions of dollars in economic gains for both countries, according to a study released on Tuesday.
South Korean Trade Minister Kim Jong-hoon warned Tuesday that the United States could lose out on the "golden opportunity" to secure a firm bridgehead in the Korean market ahead of the European Union, Canada and China if the American parliament fails to ratify a bilateral free trade agreement.
Costa Rica's president on Wednesday signed into law a free trade agreement with its Central American neighbors, the United States and the Dominican Republic.
In the 2006 elections, aspiring Democrats attacked the Bush administration's free trade policies, and more than 20 new members of Congress were elected, giving the Democratic Party its new majority in the House of Representatives. Yet, nearly two weeks ago, Democratic Party leaders urged those same members of Congress to vote for a new free trade agreement with Peru.
The United States Trade Representative Susan C. Schwab met with Cambodian Minister of Commerce Cham Prasidh on Wednesday in Cambodia to discuss ways to broaden and deepen bilateral trade and investment ties, said a press release.
As a result of the Nov. 8 House of Representatives passage of a trade agreement that would harm resource-poor Peruvians, humanitarian agency Church World Service is urging people to Contact their Senators and ask them to oppose the US-Peru Free Trade Agreement (Peru FTA).
Current political conditions in Burma make a free-trade deal between the United States and the Association of Southeast Asian Nations impossible in the near term, US Trade Representative Susan Schwab said.
A free trade agreement between Malaysia and the United States is likely to be deferred until after November next year from the early 2008 target set previously as attention focuses on the upcoming US presidential election, the Edge Financial Daily reported on Wednesday.