Disagreements have surfaced in the third round of negotiations in November for a Free Trade Agreement (FTA) between Malaysia and the United States. This has provided a glimmer of hope for a civil society coalition that has been actively campaigning against the FTA for fear that it could be damaging to Malaysia's economic sovereignty and to the interests of workers, the poor and the marginalised.
Foreign companies will likely be invited to participate in policymaking processes of the Korean government. The plan is mostly aimed at preventing possible risks of a series of lawsuits from US investors after a possible free trade agreement (FTA) with the world's largest economy.
Just before Christmas trade negotiators for the United States and Panama announced that a deal had been reached on a US-Panama Free Trade Agreement. However, at the time this issue of The Panama News was uploaded the text of the agreement was still being withheld from the public in both countries and the Panamanian government was disputing one of the key claims about the deal that was made on the US Trade Representative's website.
The Bush administration needs to wrap up a deal with the UAE by late March to get it through Congress before its "trade promotion authority" expires at the end of June.
Malaysia's initial offer to open its market to more US farm and manufactured goods sets the stage for progress next week on a proposed free trade pact, a US trade official said on Friday.
Some 230 years ago, King George III taught the American colonists an important lesson: Because taxation without representation is tyranny, the public must have a voice in the making of trade policy. The new Congress should keep that lesson in mind as it attempts to devise trade strategies to promote labor rights (and other human rights) overseas.
For the United States, Panama has long held a strategic military and commercial
importance, even as a small trading partner, and an FTA with Panama fits with
broader US trade policy.