Turkey, with its strong business diplomacy efforts, has inked free trade agreements with more than 20 countries. These agreements have significantly boosted Turkey's ever-increasing exports, totaling $168.1 billion last year. The country is currently negotiating free trade agreements with 17 other countries, including Ecuador, Ukraine, Japan, Thailand and Indonesia, according to Foreign Minister Mevlüt Çavuşoğlu. He was speaking at a Bursa Chamber of Commerce and Industry (BTSO) meeting, where he addressed the role of foreign policy in boosting trade. He added that while Turkey is likely to sign a free trade agreement with Ukraine in the coming days, it is due to ink an agreement with Japan in June. Minister Çavuşoğlu said that Turkish products are exported all around the world, underlining they should remove barriers to products through free trade agreements. "Our free trade agreements with more than 20 countries are working smoothly. In some … [Read more...] about Turkey negotiates free trade agreements with 17 countries
Korea canada free trade agreement
The European Parliament approved on Wednesday (13 February) the EU-Singapore Free Trade Agreement (EUSTFA), the bloc’s first bilateral trade agreement with a southeast Asian country. The trade deal removes all existing tariffs on goods from the EU, removes trade barriers by recognizing EU safety tests and will make the business environment more predictable, according to the European Commission. The trade agreement provides new opportunities for Europeans in sectors such as telecommunications, environmental services, engineering, computing and maritime transport. It will also make the business environment more predictable. Singapore also agreed to remove obstacles to trade besides tariffs in key sectors, for instance by recognising the EU’s safety tests for cars and many electronic appliances or accepting labels that EU companies use for textiles. In addition, the investment protection agreement will include an Investment Court System for resolving investment disputes. … [Read more...] about European Parliament endorses free trade agreement with Singapore
7 January 2019 EconomicsGlobalizationTrade The global free trade system is being battered like never before. Can any good come of it, asks Vanessa Baird in the first of an eight-article exploration? I admit: I’m conflicted. Recently, I was on a march calling for a people’s vote on the final deal for Britain to exit the European Union (EU). There were the usual young people, with faces painted in the blue and gold of the EU flag, and the now familiar chants of ‘Bollocks to Brexit’ and ‘EU, we love you’. The first I was happy to go along with. The second – well, that was more troublesome. Advert I value cultural diversity and the social, labour, environmental and equality rights and protections or the peace that have come with EU membership. I am determined to fight the dog-whistle racism, xenophobia, lies, misinformation and sheer criminality that has underpinned and surrounded the pro-Brexit campaign. But I’m also acutely … [Read more...] about Is trade in turmoil a chance for justice?
Mari Yamaguchi Associated Press Published 3:38 AM EST Nov 13, 2018 TOKYO – U.S. Vice President Mike Pence and Japanese Prime Minister Shinzo Abe on Tuesday reaffirmed the need to keep sanctions on North Korea to achieve its denuclearization as they showcased their bilateral alliance, while Pence also urged Japan to do more to reduce the U.S. trade deficit. Pence and Abe also agreed to deepen cooperation in promoting energy, infrastructure and providing loans to nations in the region. Pence said the U.S.-Japan alliance is a “cornerstone” of the region’s peace and prosperity and said Japan is not only an ally but a friend, but that Japan needs to do more to reduce the bilateral trade imbalance. “Japan is an indispensable trade partner for the United States,” he said. “The United States has had a trade imbalance with Japan for too long.” More: North Korea running at least 13 secret operating bases for ballistic missile program, new … [Read more...] about Mike Pence, Shinzo Abe agree on North Korea sanctions, new trade talks
Christopher Buskirk 19 September 2018 8:44 AM 19 September 2018 8:44 AM Share Twitter Facebook LinkedIn Email Whatsapp President Trump has stated on numerous occasions that he wants to increase trade. Under his wise rule, he assures us, American trade will thrive. It will be Yuge! Why would anyone doubt that desire? He’s a businessman and businessmen want to do more business not less. In pursuit of this, Trump has also said that that he favours a low or no tariff world, but that it must be based on reciprocity – an easily understandable form of fairness but one which has earned Trump scorn from right, left, and centre. The subject came up at a dinner I attended recently. It was mostly populated by right of centre journalists and intellectuals, but there were a few people from the business world there too. When the topic turned to Trump’s trade policy, several of the card-carrying representatives of the local chapter of Conservatism, … [Read more...] about Donald Trump is a free trade hero