U.S. plans to renegotiate 2012 free trade deal with South Korea

Jul 13, 2017

U.S. plans to renegotiate 2012 free trade deal with South Korea

The United States formally declared Thursday it wants to renegotiate its free trade agreement with South Korea, as the world's biggest economy seeks to redraw the global commerce system in its favor under President Donald Trump. Trump railed against trade agreements on the campaign trail, ...

Japan, EU ink cooperation pact to remove LNG resale restrictions

Jul 12, 2017

Japan, EU ink cooperation pact to remove LNG resale restrictions

Japan and the European Union exchanged a memorandum of understanding Tuesday on their cooperation to remove terms that restrict the resale of liquefied natural gas from LNG import contracts. The cooperation deal, also aimed at making the LNG market transparent, was signed in Brussels by ...

TPP chief negotiators meet to hash out deal with or without U.S.

Jul 12, 2017

TPP chief negotiators meet to hash out deal with or without U.S.

Chief negotiators from the 11 Trans-Pacific Partnership countries met Wednesday in the hot-spring resort town of Hakone, Kanagawa Prefecture, to discuss how to breathe fresh life into the massive free trade deal after the U.S. withdrew. Kazuyoshi Umemoto, the chair of the meeting, said at ...

Japan, EU leaders aim for economic accord in July

Jun 8, 2017

Japan, EU leaders aim for economic accord in July

Japan and the European Union are looking to hold a summit in Brussels in July with the aim of reaching a broad accord for an economic partnership, sources said. The meeting of Prime Minister Shinzo Abe, European Commission President Jean-Claude Juncker and European Council President ...

TPP chief negotiators to meet in Japan in mid-July

May 30, 2017

TPP chief negotiators to meet in Japan in mid-July

The chief negotiators of 11 Trans-Pacific Partnership countries plan to meet on or around July 11 in Hakone, Kanagawa Prefecture, to discuss the future of the free trade deal without the United States, according to a source close to the matter. The planned meeting comes ...

Japan, New Zealand leaders affirm commitment to future of TPP

May 17, 2017

Japan, New Zealand leaders affirm commitment to future of TPP

Prime Minister Shinzo Abe and his New Zealand counterpart Bill English reiterated Wednesday in Tokyo their commitment to bringing the Trans-Pacific Partnership trade pact into force soon despite the withdrawal of its biggest signatory economy, the United States. According to a joint press release, Abe ...

May 11, 2017

New Zealand ratifies TPP despite U.S. withdrawal

New Zealand formally ratified the Trans-Pacific Partnership trade deal Thursday, becoming the second signatory country to do so after Japan, and just days ahead of Prime Minister Bill English's visit to Japan to promote trade and economic ties. Trade Minister Todd McClay welcomed the Cabinet's ...