Archive for the ‘Trade Agreements’ Category

Argentina, Europe, News, Trade Agreements

November 27, 2024

The EU-Mercosur trade talks have significantly gained momentum in anticipation of an upcoming leadership transition in Argentina. Diplomats and trade experts highlight that the new administration’s approach is expected to align with the ongoing efforts to finalize the trade agreement, ensuring continuity and stability in the South American common market.   The heightened focus on […]

News, Philippines, Trade Agreements

November 13, 2024

The Philippines is preparing for a remarkable boost in its apparel export industry, with a new Free Trade Agreement (FTA) with South Korea projected to push export values to $1 billion by 2025. Expected to be effective in the first quarter of next year, the agreement offers the Philippines access to South Korea’s vibrant, zero-tariff […]

Australia, Europe, Trade Agreements

November 11, 2024

In a significant development for international trade, Australian Prime Minister Anthony Albanese expressed optimism about the prospects of finalizing a free trade agreement with the European Union this year. The negotiations, which had encountered obstacles in July, appear to be gaining momentum.   The talks between Australia and the European Union, a bloc representing over […]

In a bid to secure stable, long-term supplies of liquefied natural gas (LNG), resource-scarce Japan has deepened its partnerships with close allies Australia and the United States. This strategic move comes as key contracts from various providers are set to expire by the early 2030s. Last month, JERA, Japan’s leading power generator, finalized an agreement […]

India, News, Trade Agreements

March 9, 2024

In a landmark move set to reshape international trade dynamics, India is poised to finalize an economic pact with the European Free Trade Association (EFTA) on Sunday. This agreement, involving Switzerland, Norway, Iceland, and Liechtenstein, marks the culmination of nearly sixteen years of meticulous negotiations, promising to significantly enhance trade and investment flows.   With […]

In a significant step towards bolstering regional trade relations, the Philippines has signed the second protocol to the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).   President Ferdinand Marcos Jr., in his address during the ASEAN-Australia Special Summit Leader’s Plenary Session, expressed confidence in the agreement’s potential to bolster the region’s economy and support micro, small, […]

News, Trade Agreements

February 26, 2024

Today, a gathering of global trade leaders underscored the necessity of revitalizing the World Trade Organization (WTO) to effectively address the needs of people worldwide through trade. The 13th WTO Ministerial Conference (MC13) in Abu Dhabi served as a platform for stakeholders to emphasize the importance of maximizing the multilateral trading system’s potential, promoting socio-economic […]

News, Trade Agreements

February 26, 2024

Since the inauguration of the Regional Comprehensive Economic Partnership (RCEP) on January 1, 2022, numerous enterprises in China have reaped the rewards of enhanced trade and industrial collaboration with RCEP member nations.   In Yuhangren’s sea buckthorn juice production workshop, a high-tech company dedicated to harnessing the plant’s potential, workers bustle about packaging bottles destined […]

China, New Zealand, News, Trade Agreements

February 25, 2024

In a recent development, China’s Commerce Minister expressed the nation’s commitment to enhancing collaboration with New Zealand within the framework of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).   Minister Wang Wentao held discussions with New Zealand’s Trade Minister during a meeting in Abu Dhabi, as outlined in a statement released by the […]

In a recent development, Finance Secretary Ralph G. Recto has put forward the idea of exploring the potential for the Philippines to establish a free trade agreement with the United Kingdom (UK).   This proposition emerged during Recto’s meeting with UK Prime Minister’s Trade Envoy to the Philippines Richard Graham and UK Ambassador to the […]

News, Trade Agreements, Ukrain

February 7, 2024

In a significant development, Britain has announced the extension of tariff-free trade with Ukraine until 2029, extending crucial support to Kyiv in light of recent events.   Following the conflict in the region two years ago, Britain abolished tariffs on all trade with Ukraine. Initially slated to end in March 2024, the agreement has now […]

News, Philippines, Trade Agreements

January 13, 2024

In a forward-looking approach, the Philippines is actively pursuing a strategic partnership with Korea this year, building on the historic Philippines-Korea Free Trade Agreement (FTA) signed last year. With the 75th anniversary of diplomatic relations approaching, both nations are keen on elevating collaboration in various sectors, according to the Philippine Ambassador to Korea, Maria Theresa […]