Comprehensive Economic Partnership For East Asia
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Comprehensive Economic Partnership For East Asia
The Comprehensive Economic Partnership for East Asia (CEPEA) is a Japanese led proposal for trade co-operation, free trade agreement, among the 16 present member countries of the East Asia Summit. All those movements and efforts were taken over by the following Regional Comprehensive Economic Partnership. Countries involved The 16 countries are: * Southeast Asia: the 10 members of ASEAN ** except for *** *** *** *** *** *** *** *** *** *** * East Asia: the three members of ASEAN Plus Three ** ** ** * South Asia and Oceania: ** ** ** Background The concept has been in discussion stages since 2006 but gained momentum in 2008 and 2009 when India and ASEAN; and Australia, New Zealand and ASEAN respectively concluded free trade agreements. The CEPEA proposal was advanced by Japan in conjunction with the establishment of the Economic Research Institute for ASEAN and East Asia (ERIA). The two mechanisms are designed to be mutually supporting liberalisation and co ...
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Free Trade Agreement
A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand business opportunities. Multilateral trade agreements are agreements among three or more countries, and are the most difficult to negotiate and agree. FTAs, a form of trade pacts, determine the tariffs and duties that countries impose on imports and exports with the goal of reducing or eliminating trade barriers, thus encouraging international trade. Such agreements usually "center on a chapter providing for preferential tariff treatment", but they also often "include clauses on trade facilitation and rule-making in areas such as investment, intellectual property, government procurement, technical standards and sanitary and phytosanitary i ...
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ASEAN Summit
The ASEAN Summit is a biannual meeting held by the members of the Association of Southeast Asian Nations (ASEAN) in relation to economic, political, security, and socio-cultural development of Southeast Asian countries. In addition, it serves as a prominent regional (Asia) and international (worldwide) conference, with world leaders attending its related summits and meetings to discuss various problems and global issues, strengthening co-operation, and making decisions. The summit has been praised by world leaders for its success and ability to produce results on a global level. The league of ASEAN is currently connected with other countries who aim to participate on the missions and visions of the league. The league conducts annual meetings with other countries in an organisation collectively known as the ASEAN dialogue partners. ASEAN +3 adds China, Japan, and South Korea. The formal summits are held in three days. The usual itinerary are as follows: * ASEAN leaders hold an ...
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Market Access
In international trade, market access is a company's ability to enter a foreign market by selling its goods and services in another country. Market access is not the same as free trade, because market access is normally subject to conditions or requirements (such as tariffs or quotas), whereas under ideal free trade conditions goods and services can circulate across borders without any barriers to trade. Expanding market access is therefore often a more achievable goal of trade negotiations than achieving free trade. Market access concessions and limitations to market access differ greatly between trade in goods and trade in services. While market access for goods mainly involves measures at the border such as customs duties or quantitative restrictions, market access for services relates more to the application of domestic regulation behind the border. Moreover, in a world of proliferating regionalism, preferential market access for goods and services also have distinctive charact ...
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Rules Of Origin
Rules of origin are the rules to attribute a country of origin to a product in order to determine its "economic nationality". The need to establish rules of origin stems from the fact that the implementation of trade policy measures, such as tariffs, quotas, trade remedies, in various cases, depends on the country of origin of the product at hand. Rules of origin have become a challenging topic in international trade, not only because they constitute a highly technical area of rule-making, but also because their designation and application have not been harmonized across the world. The lack of harmony is even more remarkable in the era of regionalism, when more and more free trade agreements (FTAs) are concluded, creating the spaghetti bowl effect. Definition of rules of origin The most comprehensive definition for rules of origin is found in the International Convention on the Simplification and Harmonization of Customs procedures (Kyoto Convention), which entered into forc ...
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Comprehensive Economic Partnership Agreement Between India And South Korea
The Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreement between India and South Korea. The agreement was signed on August 7, 2009. The signing ceremony took place in Seoul, South Korea, Seoul and the agreement was signed by the Indian Commerce Minister, Anand Sharma and South Korean Commerce Minister, Kim Jong-Hoon. The negotiations took three-and-a-half years, with the first session being held in February 2006. The agreement was passed in the National Assembly of South Korea, South Korean parliament on 6 November 2009. It was passed in the Indian parliament the next week. Once passed, the agreement came into effect sixty days later, on January 1, 2010. It is equivalent to a free trade agreement A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur .... The agreem ...
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Australia–Korea Free Trade Agreement
The Korea–Australia Free Trade Agreement (KAFTA) is a bilateral agreement seeking to reduce trade and investment barriers between Australia and South Korea. The agreement, which came into effect on the 12th of December 2014 provides Australian goods exporters, service providers and investors with significantly improved access to the South Korean market. The trade agreement stems from decades of bilateral relations, encompassing security, trade and diplomatic ties from 1962, when then President Park Chung-Hee introduced a series of five-year plans designed to spur globalisation efforts and industrial development in Korea following the end of the Korean War. Historical Background Before the Korean War began on the 25 June 1950, Australian involvement in the Korean region was very limited, with the first documented contact between Korea and Australia occurring in 1889 when a group of missionaries from Australia arrived in Busan. Bilateral relations between Australia and the ...
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The New Zealand Herald
''The New Zealand Herald'' is a daily newspaper published in Auckland, New Zealand, owned by New Zealand Media and Entertainment, and considered a newspaper of record for New Zealand. It has the largest newspaper circulation of all newspapers in New Zealand, peaking at over 200,000 copies in 2006, although circulation of the daily ''Herald'' had declined to 100,073 copies on average by September 2019. Its main circulation area is the Auckland region. It is also delivered to much of the upper North Island including Northland, Waikato and King Country. History ''The New Zealand Herald'' was founded by William Chisholm Wilson, and first published on 13 November 1863. Wilson had been a partner with John Williamson in the ''New Zealander'', but left to start a rival daily newspaper as he saw a business opportunity with Auckland's rapidly growing population. He had also split with Williamson because Wilson supported the war against the Māori (which the ''Herald'' termed "the ...
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Japan–Australia Economic Partnership Agreement
The Japan–Australia Economic Partnership Agreement was concluded between Australia and Japan in November 2014 and took effect January 15, 2015. Background Australia's negotiations for an agreement with Japan began under the Howard Government in 2007.Australia strikes free trade deal with Japan, beef and horticultural industries secure major concessions
ABC; 8 April 2014
In April 2014, Australia's Prime Minister led a trade delegation to Japan, a ...
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New Zealand – China Free Trade Agreement
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China–Australia Free Trade Agreement
The China–Australia Free Trade Agreement (ChAFTA) is a bilateral trade, bilateral Free Trade Agreement (FTA) between the governments of Australia and People's Republic of China, China. Since negotiations began, 21 negotiating rounds have been completed. The deal was completed on 17 November 2014 and details released two days later, nearly 10 years after its first round of negotiations that began on 23 May 2005 after a joint feasibility study. The free trade agreement was signed between the two countries on 17 June 2015. Following the usual treaty making process the agreement came into force on 20 December 2015, after the Chinese Government completed its domestic legal and legislative processes and the Australian Parliament’s Joint Standing Committee on Treaties and the Senate Foreign Affairs, Defence and Trade References Committee finished a review. Background According to the Australian Department of Foreign Affairs and Trade, in 2014, China was Australia's largest export ma ...
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China–South Korea Free Trade Agreement
The China–South Korea Free Trade Agreement (CSKFTA; also known as CKFTA - China–Korea Free Trade Agreement) is a free trade agreement between China and South Korea signed in 2014 and active since the following year. Background By 2014, the People's Republic of China had become the largest trading partner of the Republic of Korea, the largest exporter, and the largest source of imports. The Republic of Korea has become the People's Republic of China's largest importer and one of the most important sources of investment. In 2013, bilateral trade volume between China and South Korea reached $274.2 billion. China accounted for 24.8 percent of South Korea's total exports in 2018, according to the Korea International Trade Association (KITA). History Negotiations on the agreement started in May 2012. By July 2014 there had been 12 rounds of talks. On November 10, 2014, the Agreement was made official. South Korean president Park Geun-hye stated that her government would make ...
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China–Japan–South Korea Free Trade Agreement
The China–Japan-South Korea Free Trade Agreement is a proposed free trade agreement between China, Japan and South Korea. The China-Japan-South Korea Free TradAgreementwas proposed in 2002. Negotiations on the agreement were set in motion in 2012. The three nations make up to 19.6% of thworld's economy The first official talks on the matter were held in Seoul from 26–28 March 2013. Further talks were held in China and Japan throughout 2013, and more were scheduled for early 2014. Two-way trade between South Korea and China was totaled at $230 billion in 201 China–Japan–South Korea trilateral summit, A trilateral investment has been signed by all 3 nationAn agreement would push forward the integration of Asia's economies. The whole of Asia, along with the rest of the world economy, would benefit from their intimate and progressive trade relationshi A fourth round of talks were held in Seoul, South Korea from 4–7 March 2014. Intersessional Meeting of the Negotiations on ...
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