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Archive for the ‘Trade Agreements’ Category

Philippines-South Korea Free Trade Agreement Set to Propel Apparel Exports, Strengthening Trade and Economic Growth

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 […]

International Trade Council Anticipates Accelerated Progress on Australia-EU Free Trade Agreement

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 […]

EU and Korea Initiate Talks on Digital Trade Agreement

Europe, News, Trade Agreements

October 31, 2023

In a joint statement made during the 11th EU-Korea Trade Committee meeting, both parties announced the commencement of negotiations for a digital trade agreement between the European Union (EU) and Korea. This milestone decision aims to establish a legal framework that ensures certainty for businesses and consumers engaged in digital trade, enhances their protection in […]

Argentina and Brazil Request Financial Aid in EU-Mercosur Trade Talks

Argentina, Brazil, Europe, News, Trade Agreements

October 20, 2023

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested €12.5 billion (approximately $13.2 billion) in financial assistance from the European Union, as per a document seen by Reuters. The request aims to secure support to mitigate the potential challenges posed by […]

Malaysia Proposes Groundbreaking Free Trade Agreement Between ASEAN and Gulf Council

Malaysia, News, Trade Agreements

October 20, 2023

At the ASEAN-GCC Summit held in Saudi Arabia, Malaysia’s Prime Minister, Anwar Ibrahim, unveiled a groundbreaking proposal for the creation of a free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC). This visionary agreement, if realized, would mark a historic first between ASEAN nations and the […]

ASEAN and Canada Forge Closer Ties, Progress Towards Free Trade Agreement

Canada, News, Trade Agreements

October 18, 2023

  Recent developments in the relationship between ASEAN (the Association of Southeast Asian Nations) and Canada are paving the way for a promising future marked by strengthened economic cooperation. During the ASEAN Summit held in late September, Canada achieved official recognition as a strategic partner, a significant milestone in the growing alliance between the two […]

International Trade Council Celebrates Extension of Tariff-Free Trade between Britain and South Korea

News, South Korea, Trade Agreements

October 15, 2023

In a positive development, Britain and South Korea have agreed to extend the period of low or zero tariffs on bilateral trade, particularly on products with components originating from the European Union (EU). This extension, confirmed by the British government, is a welcomed boost for various industries, notably the automotive sector.   The extension of […]

German Finance Minister Extends Invitation to UK for Post-Brexit Trade Talks

Germany, News, Trade Agreements, United Kingdom

October 14, 2023

In an unexpected move, Christian Lindner, the German Finance Minister and leader of the German liberals, has extended an invitation to the United Kingdom to explore “new steps” in their post-Brexit trade relations with the European Union (EU). Lindner’s gesture, made during a BBC interview, has raised the prospect of reducing trade barriers and addressing […]

UAE and South Korea Cement Economic Ties with Landmark Trade Agreement

News, South Korea, Trade Agreements, United Arab Emirates

October 14, 2023

In a significant stride for global trade, the United Arab Emirates and South Korea announced the culmination of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) this Saturday. This pivotal accord underscores the robust and burgeoning economic partnership between the two nations, set against a backdrop of sustained growth in non-oil bilateral trade, which touched […]

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