A. TRADE-RELATED
INFORMATION
ASIAN DEVELOPMENT BANK (ADB)
Agreement for cooperation signed between
ADB and OECD. Asian Development
Bank News, 2 March 2005
On 2 March 2005, the Asian Development Bank
(ADB) and the Organization for Economic
Co-operation and Development (OECD) signed
in Paris, France, a letter of intent to
provide a framework for their cooperation
in areas of mutual interest, such as aid
effectiveness, anti-corruption, governance
or environmental policies, and to enhance
their opportunities for collaboration.
Accessed on 18 March 2005 < http://www.adb.org/Documents/News/2005/nr2005026.asp
>
ASSOCIATION OF SOUTHEAST ASIAN
NATIONS (ASEAN)
15th ASEAN-EU Ministerial Meeting,
Jakarta. ASEAN News, 10 March
2005
At the 15th ASEAN-EU Ministerial Meeting
in Jakarta, the Ministers reaffirmed the
importance of the ASEAN-EU dialogue and
relationship as a fundamental cornerstone
for the strategic partnership between
the two parties. To this end, the Ministers
renewed their commitment to intensify
the longstanding and deep rooted dialogue
between the ASEAN and the EU, in order
to further strengthen and enhance their
cooperation in areas like regional sectoral
policy, trade facilitation, or geo-political
stand.
Accessed on 17 March 2005 < http://www.aseansec.org/17354.htm
>
CHINA
Stabilization of export prices.
China Daily, 22 March 2005
On 21 March 2005, China’s top trade
official announced that the country will
take measures to standardize export prices
while guaranteeing quality. Such measures
aim to deal with the possible trade conflicts
expected to occur in trade with other
countries as China becomes deeper involved
in the world economy.
Accessed on 22 March 2005
< http://www.chinadaily.com.cn/english/doc/2005-03/22/content_426961.htm
>
INDIA
Effectiveness of the Preferential Trade
Agreement (PTA) between India and MERCOSUR.
India Ministry of Commerce, 19 March
2005
On 19 March 2005, India and MERCOSUR signed
an agreement to make effective the Preferential
Trade Agreement (PTA) established by the
two sides in New Delhi in January last
year. The aim is to expand and strengthen
the existing relations between MERCOSUR
and India as well as to promote the expansion
of trade by granting reciprocal fixed
tariff preferences, with the ultimate
objective of creating a free trade area
between the two parties.
Accessed on 21 March 2005 < http://commerce.nic.in/Mar05_release.htm#h23
>
IRAN (Islamic Republic of)
Iran signs first free trade agreement.
Tehran Times, 16 March 2005
On 15 March 2005, the Iranian authorities
announced the signature of the country’s
first free trade agreement. The partner
in this agreement is Venezuela. It has
also been mentioned that duties on the
passenger cars will be decreased from
the current 130 per cent to 100 per cent
in the coming year, while the duties on
the different types of imported trucks
and buses will decrease from 30 per cent
in the current year to 20 per cent in
the next year.
Accessed on 23 March 2005 < http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=166356
>
THAILAND
Post-FTA deficit with Australia.
The Nation, 18 March 2005
On 17 March 2005, the Thai Foreign Trade
Department said that imports from Australia
have contributed to January’s trade
deficit, in the wake of a free-trade agreement
(FTA) between the two countries. Thailand
is indeed facing a trade deficit with
Australia, but trade surpluses with both
India and China, with which FTAs have
also been signed. Imports from Australia
jumped of 89 per cent in January, while
exports to the same country increased
of 18 per cent. The main factor was the
important gold import, with an increase
of 50 per cent compared with the corresponding
period a year earlier.
Accessed on 18 March 2005
<http://www.nationmultimedia.com/2005/03/18/business/index.php?news=business_16771301.html>
Toward FTA with Japan: first agreement
in the service sector. The Nation,
9 March 2005
Japanese and Thai trade negotiators have
reached a preliminary agreement to allow
Thai people to work in the fields of advertising,
fashion design, tourism and exhibitions.
This is the first step toward reciprocal
certification on labor standards. The
latter would eventually solve the problem
of illegal Thai workers in Japan.
Accessed on 18 March 2005
<http://www.nationmultimedia.com/2005/03/09/business/index.php?news=business_16664960.html>
B. CUSTOMS REGULATIONS AND CHARGES
CHINA
Duty-free China toy imports to vitalize
Mexican output. Hong Kong (China)
Trade Development Council, 17 March
2005
Mexico's Ministry of the Economy is preparing
a program to enhance the industry's competitiveness,
drawing largely on imports of toy components,
accessories, motors and parts, machinery,
moulds and raw materials - many products
coming from the Chinese mainland. The incentive
is that these imports will be duty free.
Accessed on 18 March 2005 < http://www.tdctrade.com/imn/05031703/toys068.htm
>
Implementation of automatic import
licensing administration on iron ore.
Hong Kong (China) Trade and Industry
Department, 2 March 2005
Effective from 1 March 2005, the Ministry
of Commerce and the General Administration
of Customs announced that iron ore will
be subject to automatic import licensing
administration.
Accessed on 24 March 2005
< http://www.tid.gov.hk/english/aboutus/tradecircular/cic/asia/2005/ci742005.html
>
Rules on Foreign Trade Barriers Investigation.
Hong Kong (China) Trade and Industry
Department, 3 March 2005
The Ministry of Commerce (MOC) promulgated
the "Rules on Foreign Trade Barriers
Investigation" on 2 February 2005,
which took effect from 1 March 2005. The
Rules govern the application, initiation,
examination and decision making process
of foreign trade barriers investigation.
For measures which are considered to be
trade barriers, the MOC will conduct bilateral
consultations, file a case under the World
Trade Organization (WTO) dispute settlement
mechanism, or take other suitable measures
as appropriate.
Accessed on 24 March 2005
< http://www.tid.gov.hk/english/aboutus/tradecircular/cic/asia/2005/ci782005.html
>
EUROPEAN UNION (EU)
Strategy proposed by the Commission
for simplified rules of origin. EU
Press Room, 17 March 2005
The Commission has adopted a strategy
to establish new simplified rules of origin
for the purposes of the EU's preferential
trade arrangements with certain third
countries. The rules of origin, which
determine which goods can benefit from
the lower rates of customs duty under
the preferential trade arrangements, are
currently too complicated, as well as
being susceptible to abuse. The Commission
suggests replacing the current rules with
a single value-added method for determining
origin which would make them clearer as
well as more development-friendly.
Accessed on 21 March 2005
<http://europa.eu.int/rapid/pressReleasesAction.do?reference=IP/05/320&format=HTML
>
EU-Russia deal safeguards trade in
plant products. EU Press Room,
16 March 2005
On 16 March 2005, the European Commission
finalized a deal negotiated with the Russian
Federation on a harmonized phytosanitary
certificate for EU exports. The Russian
Federation had warned that it would close
its market to all plant products originating
in the EU if a single plant health certificate
for EU exports was not introduced by 1
April 2005. After intense negotiations,
a transitional period of three months
was agreed so that the old and new certificates
can be used in parallel.
Accessed on 29 March 2005
<http://europa.eu.int/rapid/pressReleasesAction.do?reference=IP/05/299&format=HTML>
WTO Panel upholds EU system of protection
of “Geographical Indications”.
EU Press Room, 15 March 2005
A report by a WTO panel published on 15
March 2005 confirms that the EU system
of protection of geographical indications
for agricultural products complies with
WTO rules. Geographical indications provide
protection for products identified with
a particular geographical location, like
Roquefort or Prosciutto di Parma. Rejecting
the arguments of the United States and
Australia, the WTO ruled that the EU’s
system for protecting these names is essentially
compatible with WTO rules, including the
requirements of the TRIPs Agreement. The
WTO confirmed in particular that Geographical
Indications can coexist with prior trademarks.
The ruling confirms the rights of the
holders of Europe’s approximately
700 Geographical Indications.
Accessed on 29 March 2005
<http://europa.eu.int/rapid/pressReleasesAction.do?reference=IP/05/298&format=HTML>
KAZAKHSTAN
Uzbek and Kazakh leaders agree on trade
facilitation. Business Week,
4 March 2005
On 3 March 2005, the presidents of Uzbekistan
and Kazakhstan have agreed to remove restrictions
that hinder trade between the two countries.
They will thus joint efforts to abolish
some customs barriers as well as work
on a unified customs regulations system.
Accessed on 23 March 2005 < http://businessweek.com/ap/financialnews/D88K1N0G0.htm
>
RUSSIAN FEDERATION
Russia’s government cuts import
duties on components for assembly of foreign
cars. Russian Information &
Agency, 28 March 2005
The government of the Russian Federation
has passed the decision to cut import
duties on components for commercial assembly
of foreign cars. Import duties will be
cut on a number of commodity items from
the current 12-15 per cent to 3-5 per
cent of their customs value. Duties on
some commodity items, for instance engines,
will be abolished. However, import duties
on components manufactured in the Russian
Federation, such as automobile tires,
will be kept intact.
Accessed on 29 March 2005
< http://en.rian.ru/rian/index.cfm?prd_id=159&msg_id=5479628&startrow=1&date=2005-03-28&do_alert=0
>
C. NON-TARIFF MEASURES
BANGLADESH
Non-tariff barriers hurdle for export
to Malaysia. Asia Business Daily,
14 March 2005
Non-tariff barriers like import licensing
or permit and standardization requirements
for agricultural and food products are the
major bottlenecks Bangladesh is facing in
exporting goods to Malaysia. Some Bangladeshi
trading actors have expressed their concerns
about the lack of interactions between the
two countries trading organizations.
Accessed on 23 March 2005 < http://independent-bangladesh.com/news/mar/14/14032005bs.htm#A2
>
CHINA
China eased rigid import restrictions
on Thai fruits. The Nation, 24 March 2005
Chinese authorities eased their product
restrictions regarding fruits and vegetables
quality standards following complaints
related to trade barriers impeding these
perishable products from crossing the
border despite the Thai-China free-trade
agreement. Thai fruit exporters’
shipments have been halted by China’s
stringent quality standard regulations.
Accessed on 24 March 2005
< http://www.nationmultimedia.com/2005/03/24/business/index.php?news=business_16832806.html
>
EUROPEAN UNION (EU)
Return to quotas on Chinese textiles
is last resort. EU News on Trade,
15 March 2005
European Commissioner for Trade announced
before the committee on International
Trade (INTA) of the European Parliament
that the use of the old quota system for
Chinese textile imports would not be considered
but as a last resort.
Accessed on 21 March 2005
< http://europa.eu.int/comm/trade/issues/sectoral/industry/textile/pr150305_en.htm
>
G-20
G-20 demands end to trade-distorting
farm subsidies within 5 yrs. The
Independent Bangladesh, 20 March
2005
On 19 March 2005, a powerful block of
20 developing countries demanded that
rich nations scrap all trade-distorting
subsidies for farm goods within five years.
The two-day G-20 ministerial meeting hold
in New Delhi agreed on a negotiating position
before December's crucial Hong Kong Ministerial
Conference of the World Trade Organisation
(WTO).
G-20 includes Argentina, Brazil, China,
India, Pakistan, Bolivia, Chile, Cuba,
Egypt, Guatemala, Indonesia, Mexico, Nigeria,
Paraguay, the Philippines, South Africa,
Tanzania, Thailand, Venezuela and Zimbabwe.
Accessed on 22 March 2005 < http://independent-bangladesh.com/news/mar/21/21032005bs.htm#A10
>
THAILAND
Exemption from anti-dumping duties
loosened for five years. Bangkok
Post, 5 March 2005
The Commerce Ministry has bowed to local
steel users' requests, agreeing to expand
the quota for hot-rolled steel imports
exempt from anti-dumping duties for five
years. The Commerce Minister said the
decision was made by mutual agreement
among the steel users, domestic manufacturers
and the Federation of Thai Industries
(FTI).
Accessed on 22 March 2005
< http://www.bangkokpost.net/050305_Business/05Mar2005_biz60.php
>
D. INDUSTRY AND TECHNOLOGY-RELATED INFORMATION
ASIA-PACIFIC ECONOMIC COOPERATION
(APEC)
Small and Medium Enterprises Encouraged
to form Industry Clusters. APEC
News, 10 March 2005
Small and Medium Sized Enterprises (SMEs)
can generate substantial rewards if they
work together in industrial clusters according
to the outcomes of the "APEC Symposium
on Industrial Clustering for SMEs".
A set of guidelines have been issued for
use by business operators, governments and
trade organizations that are intended to
stimulate increased interaction among local
businesses.
Accessed on 22 March 2005
<http://www.apecsec.org.sg/apec/news___media/media_releases/100505_taipei_smeindcluster.html>
CAMBODIA
Taiwan’s Garment makers expand
operations in Cambodia. Cambodia
Post, 18 March 2005
With the European Union reportedly planning
to remove China from the list of countries
included in its Generalized System of
Preferences (GSP) to dampen the threat
of ballooning shipments of textiles from
that country, many of Taiwan's leading
garment makers are moving their manufacturing
into Southeast Asia, and particularly
in Cambodia.
Accessed on 24 March 2005
<http://english.www.gov.tw/index.jsp?recid=104599&id=12&viewdate=0>
CHINA
Requirements on Exported Wood Packaging
Material. Hong Kong (China) Trade
and Industry Department, 4 March
2005
Effective from 1 March 2005, a notice
concerning the requirements on exported
wood packaging material was jointly promulgated
by the General Administration of Quality
Supervision, Inspection and Quarantine,
the General Administration of Customs,
the Ministry of Commerce and the State
Forestry on 13 January 2005.
Accessed on 24 March 2005
<http://www.tid.gov.hk/english/aboutus/tradecircular/cic/asia/2005/ci872005.html>
End of government’s support
for bankrupt SOEs. Hong Kong (China)
Trade and Development Council, 29
March 2005
Chinese officials announced that the government
approved a plan to stop subsidizing bankrupt
state-owned businesses within four years.
From then on, state-owned enterprises
will follow market rules and apply for
bankruptcy according to the same laws
and regulations as foreign and private
companies.
Accessed on 30 March 2005 < http://my.tdctrade.com/airnewse/index.asp?id=5846
>
MALAYSIA
Intel to deploy WLAN in 2,000 schools
by end-2006. The Edge Daily,
11 March 2005
On 11 March 2005, the Ministry of Education
in collaboration with Intel Malaysia launched
the wireless technology project, which
will be followed by the deployment of
wireless local area network (WLAN) at
2,000 schools nationwide by end-2006.
The project is part of the ministry’s
five-year technology integration plan
to develop a world-class education standard
in Malaysia.
Accessed on 21 March 2005
< http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article
>
VIET NAM
Viet Nam makes Biotech development
a priority. GENET, European NGO
Network on Genetic Engineering, 7
March 2005
On 4 March 2005 the government issued
a directive on boosting biotechnological
development and application to serve national
industrialisation and modernization. The
directive pointed out that biotechnology
is an important factor, ensuring food
security, successful crop restructuring,
and sustainable development of agricultural
and rural development. In addition, biotechnology
also helps supply essential products for
public health care, protect the environment
and develop the biological industry.
Accessed on 30 March 2005 < http://www.gene.ch/genet/2005/Mar/msg00052.html
>
E. INVESTMENT-RELATED INFORMATION
EAST ASIA
East Asia needs US$1 trillion in roads,
water, communications, and power over next
five years. Asian Development Bank
News, 16 March 2005
On 16 March 2005, a new study released by
the Asian Development Bank (ADB), Japan
Bank for International Cooperation (JBIC)
and the World Bank announced that developing
countries in East Asia, namely Cambodia,
China, Fiji, Indonesia, Kiribati, Lao People’s
Democratic Republic, Malaysia, Marshall
Islands, Federated States of Micronesia,
Mongolia, Myanmar, Palau, Papua New Guinea,
Philippines, Samoa, Solomon Islands, Thailand,
Timor-Leste, Tonga, Vanuatu and Viet Nam,
need to spend more than a trillion dollars
over the next five years in roads, water,
communications, power, and other infrastructure
to cope with rapidly expanding cities, increasing
populations, and the growing demands of
the private sector.
Accessed on 21 March 2005 <
http://www.adb.org/Documents/News/2005/pr2005001.pdf
>
CHINA
Opening of all Chinese cities to foreign-invested
travel agencies. Hong Kong (China)
Trade and Development Council, 29
March 2005
China's National Tourism Administration
and the Ministry of Commerce have relaxed
the limits on foreign investment in travel
agencies in China. Changes have mainly
been made in two items: first, the originally
stipulated registered capital for foreign-holding
or wholly foreign-owned travel agencies
of no less than four million yuan was
lowered to no less than 2.5 million yuan.
Second, it was previously stipulated that
eligible foreign-invested travel agencies
are limited in Beijing, Shanghai, Guangzhou,
Shenzhen and Xian. This limit is now removed.
Accessed on 30 March 2005 < http://my.tdctrade.com/airnewse/index.asp?id=5826
>
PHILIPPINES
BoI identifies 5 large-scale mining
projects. Manila Bulletin Online,
21 March 2005
The Board of Investments has identified
five large-scale mining projects with
estimated investments of US$6 billion
pouring into the country starting 2006-2009.
For this year alone, the BOI has estimated
$121 million investments in the mining
sector to come in.
Accessed on 21 March 2005 <
http://www.mb.com.ph/BSNS2005032131080.html
>
VIET NAM
Viet Nam looks to shore up foreign
investment rate. Asia Times,
18 March 2005
Viet Nam's Ministry of Planning and Investment
(MPI) is mulling a strategy to keep Foreign
Direct Investment (FDI) at or above 17-18
per cent of total social investment capital
until 2010. According to the plan, total
FDI capital for Viet Nam should reach
US$19 billion to $20 billion over the
next five years. Of this total, 55 per
cent will come from industry, 10 per cent
from agriculture, forestry and aquaculture
and 35 per cent from services.
Accessed on 18 March 2005
< http://www.atimes.com/atimes/Southeast_Asia/GC18Ae01.html
>
F. DID YOU KNOW THAT...?
… the U.S. would consider
free-trade deals with Indonesia, the Philippines,
Malaysia, Brunei and Cambodia?
On 17 March 2005, a senior U.S. official
said that the United States would be willing
to open free-trade negotiations with Association
of Southeast Asian Nations members Indonesia,
Malaysia, Brunei, Cambodia and the Philippines.
The negotiations would fall under a U.S.
program offering free-trade deals with ASEAN
countries that already have a Trade and
Investment Framework Agreement with Washington
and are World Trade Organization members.
Read the full story from The Jakarta
Post
http://www.thejakartapost.com/detaillatestnews.asp?fileid=20050317152950&irec=5
Accessed on 18 March 2005
… Korea donated US$ 200,000
to WTO technical assistance?
On 22 March 2005, the Government of the
Republic of Korea contributed USD 200,000
to the Doha Development Agenda (DDA) Global
Trust Fund. Part of the contribution will
be used to keep up-to-date the Joint WTO/OECD
Trade Capacity Building Database.
Read the full story from WTO News
http://www.wto.org/english/news_e/pres05_e/pr399_e.htm
Accessed on 24 March 2005
… the Millennium Project
Report has been launched in Thimphu, Bhutan,
on 18 March 2005?
The report entitled, “Investing
in development, a practical plan to achieve
the Millennium Development Goals”
was launched by the Minister of Health.
The project report puts forward the most
comprehensive strategy for combating global
poverty, hunger and disease.
Read the full story from Bhutan News
http://www.bbs.com.bt/MPR.html
Accessed on 24 March 2005
… Cambodia was hoping for
organic farms?
Cambodia's government says it wants to
make the country the "green farm
of South East Asia". It has just
launched a campaign to promote organic
farming - in conjunction with the European
Union.
Read the full story from BBC News
http://news.bbc.co.uk/1/hi/business/4317859.stm
Accessed on 24 March 2005
Information is taken mainly from secondary
sources and UNESCAP accepts no responsibility
for its accuracy. Mention of any companies
and their products does not imply endorsement
by the United Nations.
The designations
employed and the presentation of the material
in this publication do not imply the expression
of any opinion whatsoever on the part of
the Secretariat of the United Nations concerning
the legal status of any country, territory,
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©2005 United Nations
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