The Canadian Senate approved legislation last week for implementing the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union. The move is one of the final stages before the two trading partners can begin the provisional application of the accord.
Australia and Hong Kong began talks to secure a free trade agreement, Australia's trade minister Steven Ciobo said on Tuesday, that he said would focus on securing increased access for service providers and could be firmed up within a year.
Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA entered into force on 22 February 2017 following its ratification by two-thirds of the WTO membership. In line with the Agreement, the Committee on Trade Facilitation was established in order to provide WTO members a forum to consult on matters related to the operation of the TFA and the advancement of its objectives.
Canada and the South American trading bloc Mercosur have recently resumed preparations for potentially negotiating a future trade agreement, officials say, nearly five years after exploratory talks were held between them.
The preliminary determination reached by the US Department of Commerce last month to levy countervailing duties on Canadian softwood lumber imports has been met with reports of potential Canadian trade action targeting US industries in response.
The European Union and Mexico are “committed” to finishing talks to revamp their decades-old trade agreement this year, according to the EU’s top trade official.
Senior officials from the Trans-Pacific Partnership (TPP) countries met in Toronto, Canada, on 2-3 May for preparatory discussions on next steps before a ministers’ level gathering in Hanoi, Vietnam, later this month. In focus during these talks is how to proceed with the TPP, given the US’ withdrawal earlier this year under the new administration of President Donald Trump.
US President Donald Trump issued an executive order last weekend ordering a review of all trade deals involving the United States, which he said would play a role in keeping “jobs and wealth in our country.”
The International Chamber of Commerce (ICC) has released recommendations on rules of origin in preferential trade agreements (PTAs), highlighting the challenges traders and suppliers face due to the lack of coherence among preferential rules of origin requirements across the globe.
ASEAN and the Pacific Alliance renewed their commitment to strengthen cooperation between the two regional organisations during the third Meeting of the Committee of Permanent Representatives to ASEAN and the Group of External Relations of the Pacific Alliance held at the ASEAN Secretariat today.