Niamey: Nigeria, the largest country in West Africa, has consented to join the ambitious Free Trade Agreement for the African continent. The Nigerian consent, increased the number of African countries, joining the Free Trade Agreement, to 53. At the same time, senior officials said that this makes the path smoother,for implementation of the Free Trade […]
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Washington/Beijing: US President Trump threatened to intensify the trade war saying ‘China will have to pay the price as it has violated the trade agreement with the United States.’ A severe reaction has been received from China against the threat issued by Trump and China has said that it was fully equipped to safeguard its […]
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Washington/Seoul: A free trade agreement boosting the import of US cars, trucks and medicine into South Korea and easing the procedures for the same, was signed on Monday. The agreement gains significance as it is the first bilateral agreement signed by President Trump, since he came to power. President Trump expressed confidence that both the […]
Read More »The Asia-Pacific Trade Agreement (APTA), previously known as the Bangkok Agreement and renamed 2 November 2005, was signed in 1975. It is the oldest preferential trade agreement between countries in the Asia-Pacific region. Seven Participating States- Bangladesh, China, India, Lao PDR, Mongolia,Republic of Korea, and Sri Lanka are the parties to the APTA. wikipedia
Read More »Colombo/Beijing: Elections for local government bodies will be held in Sri Lanka this weekend and there are indications the prime issue for this will be of Chinese influence. In view of this, the Sri Lankan government is making efforts to defer the signing of the Free Trade Agreement with China. The Sri Lankan envoy in […]
Read More »A free–trade area is the region encompassing a tradebloc whose member countries have signed a free–trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other.
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Berlin: The ‘Transatlantic Trade and Investment Partnership’ (TTIP), the proposed free trade agreement between the US and the EU, which would have created the largest free trade region of the world, has come to an end, claimed the German Chancellor Angela Merkel. Merkel indicated that the negotiations regarding the agreement may not be conducted further, […]
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Washington/London: US President Donald Trump fired a salvo of criticism at the current Brexit agreement saying, ‘The draft of the Brexit agreement approved to be signed between the United Kingdom and European Union seems to be largely beneficial for the European Union. If this agreement is signed in its current form, the United Kingdom may […]
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Riyadh/Beijing: Saudi Arabia and China have signed a currency swap agreement worth 50 billion yuan. According to sources, this agreement was signed between the two central banks, ‘Central Bank of Saudi Arabia’ and ‘The People’s Bank of China’. Earlier this year, Saudi Arabia had hinted at using currencies other than the US dollar for fuel […]
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Washington: During Prime Minister Modi’s visit to the United States, the world was focused on the defence-related agreements between the two countries. US company, ‘GE Aerospace’ and Indian company, ‘Hindustan Aeronautics Limited’ (HAL) signed a deal to manufacture fighter aircraft engines. Along with this agreement, the two countries may also sign a contract for manufacturing […]
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