President Roh Moo-Hyun said that reaching a free trade agreement (FTA) with the United States will be the top priority for his government during his remaining tenure.
The dissolution of the House of Representatives has put the Thai government's key economic policies - free-trade deals, the privatisation of state enterprises and investment in mega-projects - in limbo.
Rachid Mohamed Rachid, Egypt's trade and industry minister, criticised Washington yesterday for mixing business with politics in its decision to freeze negotiations on a free trade agreement.
When the former head of the Thai negotiating team, Nitya Pibulsonggram, was asked why the Thai-US trade deals must be kept confidential, he told journalists that he was asked by the US negotiation team to initial the agreements, but that he refused to do so. We asked US Ambassador to Thailand Ralph Boyce some questions concerning the confidentiality of the Free Trade Agreement.
South Korea's agriculture minister said Thursday that the country will not include deals on the liberalization of rice and beef imports in the agenda of upcoming free trade talks with the United States.
US business leaders voiced worry on Wednesday that a congressional uproar over an Arab company's takeover of operations at key US ports could slow proposed free trade pacts in the Middle East, particularly with the United Arab Emirates, where the company is based.
US President George W. Bush said on Wednesday that a bilateral investment treaty that he is planning to sign during his visit to Islamabad will be the first step towards greater trade and commercial relations with Pakistan.