News

ADB ratchets up Asia’ GDP growth forecast

The Asian Development Bank (ADB) forecasts in its latest report that Asia’s economy will expand by 6 percent in 2017, driven by stronger-than-expected exports and domestic consumption.

  • House Democrats Resist Colombia Free-Trade Pact Backed by Obama

    Oct. 5 (Bloomberg) -- Democrats on the House Ways and Means Committee said they oppose legislation for a Colombia free-trade agreement submitted by President Barack Obama because it does too little to protect that nation’s workers.

  • Trade pacts set for heated fight

    President Barack Obama sent trade agreements with South Korea, Colombia and Panama to Congress on Monday, capping months of tense negotiations and setting the stage for a heated if brief fight between free-trade advocates and labor unions before the deals’ likely approval.

  • Korea-US FTA to cause large reduction of farm production

    SEOUL, Oct. 4 (Yonhap) — The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea’s farming industry, a government report showed Tuesday.

  • Indonesia, India ministers to ink new trade agreement

    JAKARTA, Oct. 4 (Xinhua) -- Indonesian Trade Minister Mari Elka Pangestu is scheduled to meet Indian Trade Minister Anand Sharma on Tuesday to sign a trade agreement, local media quoted a senior official as saying.

  • EU farm losses from trade deal with Mercosur ‘would range 1 to 3 billion Euros’

    European Union farmers could suffer losses ranking from one to three billion Euros if a trade agreement is finally agreed with Mercosur according to a European Commission evaluation paper on the impact.

  • Cabinet approves GCC-EFTA trade pact

    RIYADH – The Council of Ministers Monday approved the Free Trade Agreement between GCC member states and the European Free Trade Association (EFTA) signed in Hamar in Norway on June 26, 2009.

  • Philippines: EU remains interested in FTA

    MANILA, Philippines — The European Union continues to seek a free trade agreement with the Philippines as it is seen to be the key in increasing foreign investments into the Philippines, including the green and renewable energy sector.

  • Kirk sees Russia joining WTO in 2011

    (Reuters) - Trade Representative Ron Kirk on Monday told a top Russian official he was confident that Russia would be able resolve remaining issues in order to join the World Trade Organization this year.