News

Vietnam backs finalization of RCEP in 2017

Speeding up negotiations to finalize the Regional Comprehensive Economic Partnership (RCEP) was the aim of the third Inter-sessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) on May 22 in Hanoi.

  • Trump tells Canada, Mexico, he won't terminate NAFTA treaty yet

    U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House statement said.

  • PHL in talks with Vietnam to maximize available trade deals

    THE PHILIPPINES is calling for closer trade ties with Vietnam to widen the two countries’ domestic and export markets while making the most of the advantages offered by their separate trade agreements with other territories.

  • FTA with Vietnam to boost exports on tariff removals

    The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thursday.

  • Working on a bilateral trade agreement between Indonesia-USA

    The Indonesian government is currently studying the opportunities and challenges with regard to the making of a new bilateral trade deal with the USA. These efforts are a side-effect of US Vice President Mike Pence’s recent visit to Indonesia when he signed 11 trade and investment deals worth a combined USD $10 billion.

  • SE Asia prioritizes trade pact including China as U.S. rethinks policy

    Southeast Asian countries will prioritize creating an Asia-focused trade pact this year that includes China, India and Japan, while trade issues with the United States will be put on the back burner, the Philippine trade minister said.

  • Deputy foreign minister named as Japan’s chief TPP negotiator

    The government announced Tuesday that it has appointed a deputy foreign minister as chief negotiator for the Trans-Pacific Partnership free trade pact, with an eye to bringing the deal into force without the United States.

  • China seeks to cement globalization credentials at Silk Road summit

    China says its Silk Road initiative is helping create "a new era of globalization" open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere.

  • The world needs RCEP

    Global trade needs a win to fend off rising tides of protectionism and anti-globalisation. The Regional Comprehensive Economic Partnership (RCEP) offers the best ammunition to achieve this.