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B2B-Network:
Analysis
Package Outcomes for Free Trade 2018 
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The Regional Comprehensive Economic Partnership coalition of ministers for trade of the concerned countries is on the verge of concluding the six-year negotiation on free trade. The Minister for Trade and Industry of Singapore, Chan Chung Sing urges the negotiators to be flexible enough to reach a conclusion and seize the opportunity to end the talks with a credible package for free trade by the end of 2018. 

 

The Tokyo Convention 

On July 1st, the ministers of trade of Singapore and Japan, together with other representatives from Australia, Vietnam, Laos, New Zealand,...

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News
African Continent Edges Closer to Trade Agreement
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The Rwandan capital of Kigali was the stage for the signing of the African Continental Trade Agreement (CFTA) by 44 of the continent’s 55 nations. With the aim of creating a single market for goods and services on the African continent covering 1.2 billion people, it would be the largest trade agreement reached since the World Trade Organisation was created in 1995. 

 

Two Notable Absentees 

However two of the nations not to sign up to the agreement in Kigali were Nigeria and South Africa, two of the largest economies on the continent. Nigeria cited fear of the deal...

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News
EU's Largest Trade Deal Finalised with Japan
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After 4 years and 18 rounds of negotiation, the EU has finalised the details of a trade agreement with Japan. The agreement represents the EU’s biggest ever trade deal, with the two partners making up almost one third of the world’s GDP through a combined population of 600 million people. The deal will see tariffs either removed or sharply cut, making exports to Japan easier. The trade agreement is being referred to as a rebuff to protectionism, and providing the political will of the nations involved remains supportive, it could be implemented later this year or early 2019.

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News
Singapore and Sri Lanka FTA Set to Boost Regional Business
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Singapore and Sri Lanka have signed a free trade agreement that is set to change how the two Asian nations conduct regional business. The FTA is part of Singapore’s move to initiate bilateral agreements with as many countries as possible, especially after the withdrawal of the US from the Trans-Pacific Partnership. The deal came to fruition during a three-day visit by Prime Minister Lee Hsien Loong that began on January 22. 

 

Mutually Assured Growth

The free trade agreement opens avenues for Sri Lanka and Singapore to collaborate on various businesses that will enhance...

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Analysis
Will Britain Join the Trans Pacific-Partnership?
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There are possibilities that Britain could be joining the Trans-Pacific Partnership (TPP), but only after the UK departs from the European Union. This move would be in efforts to explore alternative markets for exports that are presently going to Europe, but will possibly fall after Brexit. Reports by the Financial Times have it that the ministers have already had talks with the officials of International Trade to discuss the possible joining of the proposed free trade body. 

 

What is the TPP?

The TPP is an agreement intended to heighten economic ties between the member...

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Comment
China and US Announce Business Deals
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United States President Donald Trump struck a more conciliatory tone on his visit to China then may have been anticipated, ending in an announcement of $250 billion worth of business deals between the two countries. Having been highly vocal on the campaign trail regarding America's overall trade deficit with China which stood at $310 billion last year, he laid the blame with previous American administrations, saying China had to do what was best for its people. However, he did emphasise that the trade imbalance was unfair and one-sided, although he does not seem to have gained any major...

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News
India and EU Trade Talks Set To Resume
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Representatives from the EU and India will meet in mid-November in New Delhi to try and kick-start long stalled trade talks. Officially termed the Broad Based Investment and Trade Agreement, the respective negotiators will be looking to conclude a broad and comprehensive free trade agreement, talks on which began in 2007. India and the EU have been strategic partners since 2004 and October saw the 14th India-EU summit where other areas of bilateral and regional importance were discussed. However the trade talks have been delayed by a number of issues.

 

Problem Areas

The trade talks...

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News
The Revision of the Korus free trade agreement
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In a press briefing held of last week, South Korea stated that it was open to have a discussion with the United States to revise their trade pact Korus that was agreed on back in 2012. This came after a threat by the United States President Donald Trump to put an end to the accord between the two countries if there was no renegotiation.

 

Renegotiations are to come between South Korea and the USA

After a day of multiple discussions, the trade industry of South Korea acknowledged that there was need to amend the trade agreement to assure that there were mutual benefits...

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News
The EU and Canada Launch a Free Trade Agreement Even as Britain Hopes to have a Share of the Benefits
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The Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union has begun to be implemented on 21st September 2017, eight years after the commencement of the initial negotiations. The Agreement aims to improve the trade relations between Canada and the EU. Among other things, the agreement will cut import duties on thousands of products and services between the Canada and the EU member states.

 

A Pioneer Trade Agreement

This is the first trade agreement of its kind between Canada with any G7 country. It signifies the enormous strides that the country...

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Analysis
The UK and Japan Talk Trade
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With Japan remaining the third largest economy in the world it should be no surprise that both the EU and the UK view it as an important trading partner. Prime Minister Theresa May's three day visit to Japan will be looking to lay the foundation for a post Brexit trade agreement, yet she only needs to look at the vaunted Japan-EU Economic Partnership Agreement (Jeepa) to appreciate how difficult any future talks may be. Negotiations on Jeepa began in 2013 and have still only been agreed on at a political level with details yet to be finalised.

 

Mutually Beneficial Trade

A...

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