Archive for the ‘Trade Agreements’ Category

Argentina, News, Trade Agreements

December 4, 2023

Argentina’s incoming government is determined to pursue a trade agreement between the European Union (EU) and Latin American economies, according to the country’s future Foreign Minister Diana Mondino. As the current administration’s prospects of finalizing the deal before the end of its term diminish, Argentina’s new leadership is committed to exploring opportunities for the agreement. […]

News, Trade Agreements, Uzbekistan

November 16, 2023

In a significant move to expedite its World Trade Organization (WTO) accession, Uzbekistan has injected fresh vigor into the negotiation process, as highlighted in the recent meeting of the Working Party on the Accession of Uzbekistan on November 16. The Uzbek Government’s enhanced efforts, marked by reinforced domestic institutions, earned praises from WTO members.   […]

News, Trade Agreements

November 15, 2023

Trade ministers from the 12 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expressed their openness to welcoming additional countries into the pact, provided they meet the agreement’s rigorous standards. This announcement came during their meeting on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit held in San […]

News, Trade Agreements, United Kingdom

November 14, 2023

British Business and Trade Secretary Kemi Badenoch is set to attend a meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. This marks the United Kingdom’s inaugural participation in a CPTPP meeting following its accession to the trade bloc in […]

News, Trade Agreements, United Kingdom

November 14, 2023

In a significant move to bolster trade and investment ties, British Business and Trade Secretary Kemi Badenoch signed a memorandum of understanding with Florida Governor Ron DeSantis. This collaborative effort aims to enhance business relations between the United Kingdom and Florida, the fourth largest U.S. state. Badenoch expressed optimism about ongoing negotiations with the U.S. […]

News, Trade Agreements

November 13, 2023

U.S. Treasury Secretary Janet Yellen revealed on Monday that negotiations pertaining to the trade section of the Indo-Pacific Economic Framework (IPEF) will necessitate additional work, marking a setback for the Biden administration’s aspirations of announcing substantial progress this week.   Addressing a news conference, Yellen acknowledged “very substantial progress” across three of the four key […]

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 […]

In ongoing negotiations to finalize a trade agreement between the European Union and South America’s Mercosur bloc, Argentina and Brazil have jointly requested â‚ ¬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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Europe, News, Trade Agreements, Ukrain

September 25, 2023

The European Union’s trade commissioner, Valdis Dombrovskis, has emphasized the need for a more balanced economic relationship with China while highlighting the EU’s substantial trade deficit with the country, which amounted to nearly 400 billion euros ($425 billion). Speaking at China’s Tsinghua University, Dombrovskis also expressed concerns about how China’s stance on the war in […]

Bahrain, News, Trade Agreements

September 13, 2023

The International Trade Council is pleased to announce the signing of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) between the United States and Bahrain, ushering in a new era of cooperation and partnership across various domains, including defense, security, science, technology, trade, and investment.   The historic agreement was formalized during a ceremony at […]