IFCBA's blog

Turkey FTA to take effect after four years of talks

ANKARA: The Malaysia-Turkey Free Trade Agreement (MTFTA) will come into effect on Aug 1, after almost four years of intense negotiations between the two countries that began in May 2010.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said in a statement that both countries would eliminate and bind duties on 70% of the tariff lines upon entry into force of FTA.

After a period of eight years, duties will be reduced/eliminated for almost 86% of tariff lines,” he said.

Thailand negotiates trade agreement

Thailand is preparing for negotiations on a free-trade zone with the so-called European-Eurasian Union (EEU), which is composed of Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia, as announced yesterday by Russian trade minister Denis Manturov.

Reports in the Thai press which claim that Thailand will apply for membership in the Eurasian Union are false. 

Tariff cuts, exemptions for Vietnam-EU FTA clarified

The percentage of duty exemptions is equivalent to 70.3% of Vietnam’s exports to the EU, according to the inter-sectorial steering committee for international economic integration. Vietnam and the EU have achieved more results for trade in goods than other sectors.

Last week, Vietnam and the EU said they had reached an agreement in principle on the FTA. Days after, the committee said the EU would remove 99.2% of tariff lines, or 99.7% of Vietnam’s goods shipped to that market seven years after the trade accord takes effect.

Canada targets progress on FTA talks with Philippines within year

THE Canadian government wants exploratory talks with the Philippines for a potential Free Trade Agreement (FTA), to cover as much ground as possible within the year before the change in administration.

“We want to advance them as much as we can. We’re also conscious the clock is ticking for the Aquino administration,” Canadian Ambassador Neil Reeder told a media briefing at his official residence yesterday.

India's Department of Revenue Extends Anti-dumping Duty

The article is available in its entirety from a 4 September, 2015 posting from Central Board of Excise Tax and Customs at: http://cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2015/...

India-Canada FTA likely to be concluded by March 2016

The negotiations for the agreement, which is officially dubbed as Comprehensive Economic Partnership Agreement (CEPA), were launched by both the countries in November, 2010 to further boost bilateral trade and investment.

This has been excerpted from a 15 July 2015 news item by money control and is available in its entirety at: http://www.moneycontrol.com/news/economy/india-canada-fta-likely-to-be-c...

S. Korea launches 1st round of FTA talks with Central American countries

SEOUL, Sept. 21 (Yonhap) -- South Korea and six Central American countries, including El Salvador and Panama, launched their first round of negotiations for a free trade agreement (FTA) Monday. 

The start of negotiations for the seven-way FTA is the result of the countries' trade ministers agreeing to sign a high-level, comprehensive FTA three months ago. 

S. Korea, Ecuador set to launch FTA talks

SEJONG, Aug. 19 (Yonhap) -- South Korea and Ecuador will announce the start of negotiations for a bilateral free trade agreement (FTA) next week, the Seoul government said Wednesday. 

The announcement will be made Tuesday at a meeting of the countries' trade ministers in Seoul, according to the Ministry of Trade, Industry and Energy. 

The declaration of the start of FTA talks comes nearly two years after the countries concluded a joint feasibility study in June 2013. 

Korea, Pakistan likely to start FTA negotiations

South Korea and Pakistan are likely to announce negotiations to clinch a free trade agreement (FTA) soon, according to a source familiar with the issue, The Korea Times reported on Sunday.

The Pakistani trade minister will visit Seoul this week to discuss the matter with his Korean counterpart, he told The Korea Times on condition of anonymity because he was not authorised to speak to the media regarding the issue.