GENEVA (AP) — Any way you look at it, the United States and European Union will remain dominant players in world trade over the next two decades. The real question, says the World Trade Organization in a new report, is how much ground they cede to rising economies like China. The WTO's annual trade report says that under good economic conditions, China could increase its export share of manufactured goods to almost a quarter of global trade by 2035 while India's could more than double, to 5 percent.

The upcoming monsoon session of the Parliament seems to be holding the key to finally have the trade deal signed between India and the 28-nation bloc European Union (EU). This is because of widespread expectation that during this session the Parliament might take up the Insurance Laws (Amendment) Bill 2008 that seeks to raise foreign direct investment (FDI) cap from 26% to 49%. 

It is likely that the European Union (EU) will recognize Vietnam as a market economy when negotiations of the Vietnam-EU free trade agreement (FTA) end. This will help Vietnamese enterprises face less unfavorable conditions in anti-dumping and anti-subsidy cases in this market.            

SANTIAGO, July 15 (Xinhua) -- A group of four Latin American countries has agreed to create a commission to promote trade in the region. The Pacific Alliance, which groups Chile, Colombia, Mexico and Peru, was formally established in 2012 in Lima. The alliance aimes to boost free trade and deepen economic integration, with "a clear orientation for Asia."

Since Japan will only be able to participate for three days in the July round of the Trans-Pacific Partnership negotiations, the objective for this time is for the 100-member team to just understand what has been accomplished so far. Afterwards, they can strategize in preparation for the next round of talks in August with the other 11 countries participating in the free trade negotiations.

Officials from participating countries of the Trans-Pacific Partnership (TPP) gathered in the Malaysian city of Kota Kinabalu on Monday for the 18th round of negotiations, as they rush to the deadline set by their leaders to wrap up the free trade agreement by the end of the year.

The New Zealand Government's new ASEAN Strategy sets out "ambitious" investment, trade, and economic goals, Prime Minister John Key has said. When taken as a bloc, the ten Association of South East Asian Nations (ASEAN) represent New Zealand's fourth largest trading partner. Total trade has risen by an average of 9 percent per annum over the past ten years.

Statements after the conclusion of the third round of negotiations on a Canada-Japan economic partnership agreement (EPA) confirmed that progress was made in a number of key areas, including trade in goods and services and investment protection. The talks were held in Tokyo from July 8 to 12.

The European Union's (EU) Chief Transatlantic Trade and Investment Partnership (TTIP) negotiator has described the first round of talks with the US as "very productive." According to the European Commission, the aim of the TTIP is "to liberalize, as much as possible, trade and investment between the two blocs." The Commission estimates that a comprehensive TTIP could boost the EU's gross domestic product (GDP) by around 0.5 percent a year. EU exports of goods and services to the US could also go up, by as much as 28 percent.

US businessmen grouped under the United States-ASEAN Business Council are seeking ways to access the Southeast Asian market, which has a population 620 million, through a Trans-Pacific Partnership (TPP).