The Bush administration yesterday announced the beginning of trade talks with Vietnam that could lead to a free-trade agreement with the former US enemy.
More than a dozen farm groups are lobbying the US administration in Korea this week to ensure it only concludes a deal that significantly increases US agriculture exports. But agriculture's interests are somewhat complicated by those of the auto industry, which has warned it could oppose the deal unless it ensures that US exports to Korea will increase. Still, some sources say that support from agriculture could trump opposition from the auto industry if a deal is reached.
With two controversial trade deals awaiting ratification, Congress is taking stock of the White House's free-trade agenda, and activists are seizing the moment to call for policies that respond to the social needs of all countries involved.
National is stepping up pressure on Prime Minister Helen Clark to elevate a trade deal to the top of her talks with United States President George Bush as Washington refuses to offer any hope of a breakthrough soon.
Dr Emilio Cordero Michel has warned that the Free Trade Agreement between the United States and Central America, known as DR-CAFTA, far from being a panacea, “will only fill the Dominican Republic with poverty and problems that we will never be able to solve”.
Taiwan's representative to the WTO, Lin Yi-fu, yesterday called for Taiwanese entrepreneurs operating in the US to help drum up US support for a free trade agreement (FTA) between the two countries.
Agriculture free trade talks between South Korea and the United States remained in a stalemate on Monday as neither side made any concessions on critical issues, South Korean negotiators said.
Chief trade negotiators from South Korea and the United States are set to meet in Washington on March 19-21 to settle their differences over sensitive issues as they are eager to conclude a free trade deal by the end of this month.
The United States government on Friday all but ruled out the chances of a free trade deal with Malaysia before a crucial deadline expires in two weeks.