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Archive for the ‘Trade Agreements’ Category

Philippine-European Union Free Trade Deal Set to Boost Exports to $8.3 Billion

Trade Agreements

October 3, 2024

The Philippines is set to achieve a major increase in exports to the European Union as progress continues on a potential Free Trade Agreement between the two regions. A recent study from the Philippines suggests this agreement could elevate exports to the European Union to an impressive $8.3 billion, opening new doors for economic growth. […]

UK and Turkey Set to Initiate Discussions on Expanded Free Trade Agreement

News, Trade Agreements, Turkey, United Kingdom

March 14, 2024

In an announcement made on Thursday, both the United Kingdom and Turkey declared their intent to commence negotiations for an enhanced Free Trade Agreement (FTA), encompassing not only goods but also services. While the UK already maintains an FTA with Turkey, inherited post its departure from the European Union in 2020, a joint review […]

Japan Bolsters Long-Term LNG Supplies with Allies Australia and the U.S.

Japan, News, Trade Agreements, United States

March 10, 2024

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 […]

Historic Trade Pact Between India and EFTA Nations to Boost Global Commerce

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 […]

ASEAN Advances Free Trade Agreement with Australia and New Zealand

Australia, New Zealand, News, Trade Agreements

March 8, 2024

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, […]

Global Trade Leaders Stress the Need for Strengthening the WTO to Deliver Trade Benefits

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 […]

Chinese Exports Flourish Under Regional Comprehensive Economic Partnership Agreement

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 and New Zealand Pledge Collaboration for CPTPP Integration, Commerce Ministers Confer in Abu Dhabi

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 […]

Proposal for Free Trade Agreement Between Philippines and United Kingdom

News, Philippines, Trade Agreements, United Kingdom

February 20, 2024

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 […]

Britain Extends Tariff-Free Trade Agreement with Ukraine

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 […]

Thailand and Sri Lanka Forge Strategic Trade Alliance to Fuel Economic Recovery

News, Sri Lanka, Thailand, Trade Agreements

February 3, 2024

In a significant move aimed at revitalizing their economies, Thailand and Sri Lanka have sealed a Free Trade Agreement (FTA). Sri Lanka, grappling with its most severe financial crisis in decades, hopes this strategic partnership will be a lifeline for its economy. With the World Bank estimating a contraction of 3.8% in Sri Lanka’s […]

Philippines and Korea Set to Deepen Ties Following Free Trade Agreement

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 […]

EU and UK Extend Trade Rules to Prevent Tariffs on Electric Vehicles

Europe, News, Trade Agreements, United Kingdom

December 21, 2023

In a significant development, the European Union (EU) and the United Kingdom (UK) have decided to grant electric vehicle (EV) manufacturers an extension until the end of 2026 to comply with local content regulations. This move effectively postpones the imposition of tariffs on electric vehicles traded between the EU and the UK. This extension, […]

Chair of Fisheries Subsidies Negotiations Presents New Text to Advance Agreement at MC13

News, Trade Agreements

December 21, 2023

Ambassador Einar Gunnarsson of Iceland, chairing the negotiations on fisheries subsidies, has circulated a fresh draft text aimed at curbing subsidies that contribute to overcapacity and overfishing. This move is part of a concerted effort to push these negotiations towards a successful conclusion at the 13th Ministerial Conference (MC13) scheduled for late February 2024. The […]

U.S. Initiates Informal Talks on the Future of North American Trade Agreement

News, Trade Agreements

December 8, 2023

U.S. officials have initiated preliminary discussions to prepare for potential negotiations regarding the future of the North American Free Trade Agreement (NAFTA), as stated by David Cohen, the U.S. Ambassador to Canada, in an interview with CBC News published on Saturday. Ambassador Cohen disclosed that the United States has embarked on initial internal deliberations […]

China and Mexico Officials Pledge to Enhance Bilateral Cooperation

China, Mexico, News, Trade Agreements

December 5, 2023

In a demonstration of strong bilateral relations, Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Alicia Barcena met in Beijing to discuss the potential for further cooperation between their two countries. Wang Yi emphasized the substantial potential and ample room for development in China-Mexico cooperation during their meeting. A significant point of discussion […]

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