The Japan Business Federation (Nippon Keidanren) is ready to propose as early as next month that Japan and the United States sign an economic partnership agreement to abolish tariffs and boost free investment, sources said Saturday. It will be the first time the country's most powerful business lobby has proposed a bilateral EPA with the US.
The Korean government has pledged behind-the-scenes to accept US demands for reducing the screen quota to remove obstacles to free trade agreement (FTA) talks, according to a ministry memo obtained by The Korea Times. "Our position for the future is that Korea will by all means keep its promise to the US to maintain the reduced screening quota (or further curtail it). It is a promise between the two countries," said the memo.
While the 4th US-Kore FTA were in progress in Jeju Island, 101 scholars related to sociology issued a statement, urging the suspension of the negotiations. They noted that “the ROK-US FTA are highly universal problems directly related to the food safety and sovereignty of all people.”
US Trade Representative Susan Schwab recently had told a radio broadcasting company in California that the US will not continue its FTA talks if Korea does not remove trade barriers in the automobile sector.
Statement of the Korean Alliance against KorUS FTA (KoA) before the 4th round of talks on Korea-US FTA in Jeju Island in South Korea (23-27 October 2006).
The United States and India have held high level talks to boost bilateral trade and investment following a blueprint drawn up by the US-India CEO's Forum.
Adults in Uruguay are split over a proposed commerce deal with the United States, according to a poll by Interconsult published in Últimas Noticias. 49 per cent of respondents oppose signing the free trade agreement, while 43 per cent are in favour.