India and Pakistan have agreed to fully normalize trade, signifying a thaw in relations between the two nuclear-armed rivals. Indian Commerce Secretary Rahul Khullar and his Pakistani counterpart Zafar Mahmood called for the creation of a timeline to lift longstanding tariffs and other trade barriers. The two officials concluded two days of talks in New […]
India, Pakistan Move to Fully Normalize Trade Ties
Posted November 15th, 2011 at 12:15 pm (UTC-5)
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India, Pakistan Aim to Improve Trade Ties
Posted November 14th, 2011 at 10:05 am (UTC-5)
India and Pakistan have begun talks to promote trade between the neighbors after Islamabad said it would grant most-favored-nation status to India. On Monday, Pakistan’s Commerce Secretary Zafar Mahmood and his Indian counterpart Rahul Khullar began two days of discussions in New Delhi aimed at doubling annual trade to $6 billion in the next three […]
China to ‘Earnestly Study’ Trans-Pacific Trade Pact
Posted November 14th, 2011 at 7:05 am (UTC-5)
China says it will “earnestly study” whether to seek membership in a proposed free-trade zone spanning the Pacific. At press briefing in Honolulu Sunday, Chinese foreign ministry official Pang Sen said that Beijing always adopts an open attitude toward all regional arrangements that are conducive to strengthening regional economic integration. Pang said if China has […]
US Welcomes Japan’s Entry Into Trade Pact Talks
Posted November 11th, 2011 at 5:00 pm (UTC-5)
The United States has welcomed Japan’s request to join talks on a major U.S.-backed Asia-Pacific trade pact, but said Tokyo must be ready to dismantle trade barriers. U.S. Trade Representative Ron Kirk said in a written statement Friday that Japan’s decision to enter negotiations on the Trans-Pacific Partnership demonstrates the economic and strategic importance of […]
Japan Seeks to Join Pacific Trade Agreement
Posted November 11th, 2011 at 12:05 pm (UTC-5)
Japan says it will participate in talks to join a U.S.-backed Pacific Rim free trade zone, a decision opposed by Japanese farmers who say the move will hurt them. Japanese Prime Minister Yoshihiko Noda says he will hold talks about joining the proposed Trans-Pacific Partnership with leaders at an Asia Pacific Economic Cooperation summit that […]
Japan to Seek to Join Pacific Free Trade Agreement
Posted November 11th, 2011 at 8:00 am (UTC-5)
Prime Minister Yoshihiko Noda says Japan will participate in talks to join a U.S.-backed Pacific Rim free trade zone. Mr. Noda’s announcement at a news conference Friday comes after intense debate within his ruling Liberal Democratic Party. Mr. Noda will travel to Hawaii on Saturday for a summit of Asia-Pacific leaders, where he is expected […]
Korean Protesters Clash With Police Over US Trade Pact
Posted November 10th, 2011 at 7:20 am (UTC-5)
The cancelation failed to satisfy the protesters, who say they want the government to re-negotiate the agreement with Washington. Protester Kim Won-yeol said the existing bill should be scrapped completely. The government had been expected to use its majority in the legislature to push through the ratification last week. But it has repeatedly postponed a […]
Japan to Announce Decision on Joining Pacific Trade Pact
Posted November 10th, 2011 at 6:00 am (UTC-5)
Japanese Prime Minister Yoshihiko Noda abruptly postponed a news conference Thursday at which he had been expected to announce that his government will join negotiations on a trans-Pacific free trade pact. Japanese news reports say the prime minister planned to announce the decision to the Japanese people Thursday and personally notify U.S. President Barack Obama […]
Japan to Announce Decision on Joining Pacific Trade Pact
Posted November 10th, 2011 at 4:05 am (UTC-5)
Japanese media say Prime Minister Yoshihiko Noda has decided to join negotiations on a trans-Pacific free trade pact that could eventually develop into the world’s largest trading bloc. News reports Thursday said Mr. Noda would announce his decision at a news conference later in the day, and personally deliver the message during a meeting in […]
APEC Reports Major Savings on Regional Trade
Posted November 9th, 2011 at 3:55 am (UTC-5)
Researchers for the leading Asia-Pacific economic grouping say improved efficiency has saved regional countries more than $58 billion on trading costs since 2007. The secretariat of the Asia-Pacific Economic Cooperation forum released the findings ahead of an APEC summit to be held in Hawaii later this week. The report says fees and charges on regional […]
