News

Getting regional trade right in Central Asia

The Economic Cooperation Organization (ECO) was founded in 1985 to provide members with a platform to discuss ways to improve development as well as promote trade and investment opportunities. Around 462 million people — 6.2 per cent of the world’s population — live within the 10 member states of Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. But at a time when the world trading system is moving towards regional economic integration, ECO remains one of the least integrated trade organisations in the world, making up only 2.1 per cent of world trade.

  • EU suppliers push for Mercosur trade deal

    Europe’s auto suppliers are pushing the European Union to work harder to secure a free-trade deal with the Mercosur bloc to end tariff barriers restricting the current EU exports of vehicles and parts to its South American member countries.

  • Assessing the ASEAN Economic Community

    East Asia continues to sustain a high level of economic integration, yet a significant proportion of intraregional trade is still uncovered by agreements to guard against current and possible future protectionism. Without multilateral movement under the World Trade Organization, further regional integration can proceed only through agreements that reduce trade barriers within the region.

  • Việt Nam willing to foster bilateral trade with RoK: PM says

    Việt Nam is ready to work with the Republic of Korea (RoK) to effectively implement the bilateral free trade agreement (FTA), boosting their trade to US$70 billion, perhaps even $100 billion, by 2020.

  • Việt Nam trade promotion needs improvement

    Trade promotion has become more and more important because it impacts enterprises’ product consumption so trade promotion should be improved, an official said.

  • U.S. must stick to WTO rules when overhauling tax code

    The new U.S. administration should keep its international obligations and common trade rules in mind when overhauling its tax code to favour exports over imports, senior European and German government officials said on Tuesday.

  • EU Trade Chief Promotes Benefits Of Canada Trade Deal

    EU Trade Commissioner Cecilia Malmstrom has described the Comprehensive Economic and Trade Agreement (CETA) with Canada as "the most ambitious and progressive [deal] we have ever struck."

  • Abe, Merkel agree to promote free trade

    The leaders of Japan and Germany have agreed that it is important to work with the United States to promote free trade amid concerns over emerging protectionism.

  • From barriers to bridges: Implementing One Stop Border Posts for improved trade facilitation

    The 8th Ordinary Meeting of the African Union Sub-Committee of Directors General of Customs (AUSCDGC) was held from 17 to 18 November 2016 at the Monomotapa Hotel, in Harare, Zimbabwe. The theme of the meeting was “From Barriers to Bridges – Implementing One Stop Border Posts for Improved Trade Facilitation.”