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EMEA Trade Report: FTAs, Trade Finance

4/16/2018
 

Europe

 
Mexico pushes to conclude FTA with EU by end of April
“‘Much of a potential agreement is linked to the auto rules of origin and market access for Mexican beef,’  [a former Mexican trade negotiator] said in an interview. ‘If that issue is agreed, there’s a great chance to strike a deal.’ Geographic labels for European products including wine and cheese and expanding market access for Mexican meat exporters are among the final issues to resolve, [he] said.”

[Bloomberg]
 
EU-Japan FTA ready for signature in July
“EU Trade Commissioner Cecilia Malmstrom revealed that the European Commission is planning to endorse the final draft of the economic partnership agreement with Japan next Wednesday. The final economic partnership agreement draft will then advance to the 28 EU nations for approval, according to the European Commission. From there, EU leaders will hold a summit in late June to formally accept the document.”

[Nikkei Asian Review]
 
 

Middle East

 
Israel to sign five trade agreements in 2018
“The talks are being held with South Korea, Vietnam, India, China and the Eurasian Customs Union, an economic bloc comprising Russia, Kyrgyzstan, Belarus, Kazakhstan and Armenia. … Additional free-trade talks with Colombia, Panama and Ukraine recently ended successfully. Israel already has free-trade agreements with some of the world’s largest markets, including the United States, the European Union and Mexico. Some 70 percent of Israeli exports go to countries with which Israel has these agreements.”

[Jewish News Syndicate]
 
Turkey, Ukraine move toward FTA
“‘The next round of negotiations is scheduled for May. It is quite progressive that we have agreed with Turkey to include industrial and agricultural goods in the Agreement,’” said Ukraine’s Deputy Minister of Economic Development and Trade Natalia Mykolska.

[Kyiv Post]
 
 

Africa

 
Sudan signs agreement on joining WTO with Japan
“The agreement included the areas and framework of cooperation between Sudan and Japan with regards to joining the World Trade Organization particularly the trade, goods, and services areas.”

[Sudan News Agency]
 
African, Indonesian agencies sign trade finance agreement
“The African Export-Import Bank and the Indonesia Eximbank yesterday in Bali, Indonesia, entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries.”

[This Day]