ASEAN moves closer to free trade
Article Abstract:
The Association of Southeast Asian Nations (ASEAN) have entered into an agreement to abolish most tariffs by 2010 instead of 2015 as initially proposed. The ASEAM is comprised of the Philippines, Vietnam, Singapore, Thailand, Cambodia, Brunei, Indonesia, Laos, Malaysia and Myanmar. Meanwhile, foreigners are now allowed to own retail businesses in the Philippines after a new law was passed in December 1999. In Japan, on the other hand, a new 'easy declaration system' will be introduced, thus substantially reducing the costs and time needed for importing.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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EU/South Africa finally agree on trade pact
Article Abstract:
The European Union (EU) and South Africa have agreed on several international trade issues after negotiating since 1996. The bilateral agreement clarifies fortified wine, canned fruit and fresh flower markets covering the two areas. The EU will allow entry for 99% of industrial products and 75% of agricultural products from South Africa, while South Africa will allow entry of 86% of EU industrial products. However, the country will still restrict its automotive and textile markets.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 1999
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Mexico adds more trade agreements to its portfolio
Article Abstract:
Mexico and the European Union Commission have entered into an agreement to abolish tariffs on 95% of products traded between them. Subject to the approval of individual European Union (EU) members, the agreement will see the phase out of all tariffs on products imported from Mexico by 2003 and products imported from the EU by 2007. Furthermore, an Agreement on Trade and Economic Cooperation was forged between Mexico and the Czech Republic at the end of 1999.
Publication Name: World Trade
Subject: Business, international
ISSN: 1054-8637
Year: 2000
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