A new strategic economic pact is expected to increase bilateral trade in goods to $100 bn, services t $15 bn in 5 years
French and Australian officials said Monday that France's anger over a cancelled submarine contract will not derail negotiations on an Australia-European Union free trade deal. France withdrew its ambassadors to the United States and Australia after President Joe Biden revealed last week a new alliance including Australia and Britain that would deliver an Australian fleet of at least eight nuclear-powered submarines. The deal sunk a 90 billion Australian dollar ($66 billion) contract for French majority state-owned Naval Group to build 12 conventional diesel-electric submarines for Australia. The money would have been spent over 35 years. French Ambassador to Australia Jean-Pierre Thebault denied media reports that France was lobbying the European Union not to sign the trade deal with Australia that has been under negotiation since 2018. At this stage, negotiations do continue and there is a strong interest ... for Australia to have a free trade agreement with the EU, Thebault told
China submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Both countries are looking at an interim agreement by March 2022, which will be followed by a comprehensive FTA
An early harvest agreement will be the way forward for an early conclusion of a bilateral Comprehensive Economic Cooperation Agreement (CECA) between both countries
The agreement marks the first deal with a major ally that goes beyond rolling over a pre-existing EU trade relationship.
Expresses concern at big US tech firms not adhering to data privacy
Prime Minister Boris Johnson welcomed Britain's trade deal with the European Union as a new starting point for relations with the bloc in a call
There could be a core of pro-Brexit lawmakers in Johnson's party who vote against the deal on the grounds that it doesn't deliver the kind of clean break they wanted.
In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more
There has to be a breakthrough this week in talks for a post-Brexit trade agreement, British and Irish ministers said, ahead of the December 31 expiry of Britain's transition period for leaving
Officials said the accord leaves the door open for India, which dropped out due to fierce domestic opposition to its market-opening requirements, to rejoin the bloc
Trade disputes have hit a dozen Australian industries and threatened exports to China of agricultural products, timber and resources worth billions of dollars
China is already the biggest source of imports and destination for exports for would-be RCEP members
Commerce minister Piyush Goyal and Minister of State H S Puri have held a virtual dialogue with their UK counterparts to review the progress towards post-Brexit Enhanced Trade Partnership with Britain
British PM Boris Johnson said a trade deal with the European Union was "there to be done", suggesting his view that the agreement's broad outline was already "pretty clear" was shared in Brussels
The bulk of Australia's exports to the EU are subject to tariffs and quotas set under basic World Trade Organization (WTO) terms
David Frost and EU negotiator Michel Barnier are due to meet in London on Tuesday for the eighth round of negotiations since Britain left the now 27-nation bloc on January 31
The US has signed a mini trade deal with the European Union, but it is yet to respond to India's request
Bilateral trade between India and the US, which touched $150 billion last year, has dropped 25 per cent in the first half of this year