Japan Times reports that Japan has agreed to review its policy on pork-imports with respect to the tariffs imposed. A brief discussion on the US-Japan standoff can be found here and here. It seems that Japan has finally come around to understanding that it stands to reap massive benefits if it is able to pull… Continue reading Part III: Japan takes a step forward, ready to lower pork tariff for the TPP
The WTO website reports that yesterday, after depositing its Instrument of Acceptance with Director General Roberto Azevedo, Yemen confirmed its membership terms and became the 160th country (and 7th Least Developed Country)to do so. Officially, Yemen will be granted the status of a WTO member on the 26th of June. The list of its commitments can… Continue reading 160 and counting: Yemen joins the club.
Reuters reports that the details of the China-Iceland FTA which covers goods, services and investment, have been released. The text of the agreement can be conveniently accessed here. Back in April 2007, formal negotiations between the two nations had begun and went on for four successful rounds till mid-2008. However, the initiative received a major setback… Continue reading Breaking the Ice: China enters into its first FTA with a European nation
Starting today, the dozen countries involved in the Trans-Pacific Partnership (TPP) will begin a new round of talks in Ho Chi Minh City. The four day meeting will be followed up with a ministerial gathering from 19th to 20th May in Singapore. The centre of attention will be the US-Japan deadlock, while the other 10 countries, including Australia… Continue reading Part II of the US-Japan sage: Follow up on TPP talks in Vietnam
Recently, the trade talks between United States and Japan over the Trans-pacific Partnership (TPP) concluded without any result. Both criticized each other for not doing enough in terms of reducing import limits. Specifically, two problems were Japan’s so-called “sacred” farm subsidies and resistance on part of the US to decrease import limits on certain products.… Continue reading The US-Japan Saga Part I: No Rising Sun in sight as trade talks come to a halt
It has been almost 12 years since the concept of the “Doha Agenda” was developed. In the wake of several critics claiming that the WTO has failed as an international institution, Director General of the WTO, Roberto Azevẻdo recently warned that the institution has eight months to prove that it has a future. In London,… Continue reading Part I: Where we stand-Doha in Doldrums
The Transatlantic Trade Partnership has become the focal point of several debates recently. I’ll try and take up a post on them soon. Here’s the plot in brief: The story begins in 2005. Brunei, New Zealand, Chile and Singapore entered into the Trans-Pacific Strategic Economic Partnership Agreement (TPSEPA) to promote regional trade and increase development… Continue reading Clash of the Titans: Why China is miffed with the TPP