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Trump pulls out of TPP
March 2017
US President Donald Trump abruptly ended the decades-old US tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement (Nafta).
EU closer to textile accord with Uzbek
December 2016
The European Parliament is poised to approve a textile agreement with Uzbekistan, which is expected to lead to an increase in textiles imports from the country, despite ongoing concerns about the use of forced labour in cotton harvest.
Pakistan, Thailand move closer to FTA
November 2016
After having had four rounds of talks, Pakistan is pinning hopes on signing a free trade agreement with Thailand. Matters that have been discussed relate to trade in goods, rules of origin, technical barriers to trade, trade remedies, customs procedures, legal and institutional issues and trade facilitation.
EU retail to gain a lot: FTA with Vietnam
September 2016
The EU’s free trade agreement with Vietnam is expected to boost European growth and job creation in the retail sector, as well as the development of Vietnam, according to EU trade negotiators.
India signs pact to expand trade with Chile
September 2016
India has signed an agreement with Chile to expand the India-Chile Preferential Trade Agreement (PTA), marking a 10-fold jump in the number of products to be traded on concessional duty rates.
India angling for FTA with Mexico
August 2016
India is looking beyond the EU and the US in trade. The Indian government plans to examine the feasibility of a free trade agreement (FTA) with Mexico.
BREXIT Hopes Amid Gloom
August 2016
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
Eliminating export subsidies
June 2016
Since India did not have export subsidies during 1986 to 1988, which is the base period per the Uruguay Round Agreement on Agriculture (AOA), India is not entitled to export subsidies. However, subsidies to reduce the cost of marketing, transportation costs, handling and processing costs are permitted without circumventing the export subsidy reduction commitments.
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