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Asian Channels - Feb 2011 - FTA News

Thailand Aiming at Speeding UP FTA with Bimstec members

Thailand has said it will push for the conclusion of a free trade agreement with India and the six other members of Bimstec by July this year, enabling tariff reduction next year.

Negotiations between Thailand and Bimstec members — Bangladesh, India, Myanmar, Sri Lanka, Nepal, and Bhutan — have been stalled for almost two years.

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Japan and Canada to Revisit Study on Possible FTA

Japan and Canada have agreed to resume a joint study on the possibility of a bilateral free trade agreement say Japanese government sources.

The latest development comes in line with the Japanese government’s policy to push for free trade agreements with other countries in the hope to boost its sluggish economy.

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Competition between South Korea and Japanese Businesses in India Heats-Up

Competition between South Korean and Japanese businesses in India will likely intensify following New Delhi’s signing of a free trade agreement with Tokyo in February, says a South Korean trade body.

Japan and India have just signed a comprehensive economic partnership agreement (CEPA), which once implemented will remove 90 percent of import tariffs on both sides, according to a report by the Institute for International Trade, a think tank run by the Korea International Trade Association.

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EU Renews Call for FTA with the Philippines

The European Union has renewed its call for a free trade agreement with the Philippines.

According to Guy Ledoux, head of the EU mission’s delegation to the Philippines, Manila had yet to formalise its intention to negotiate a free-trade treaty after it was proposed last year. "The ball is in the Philippines’ court," Ledoux told reporters.

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