has negotiated FTAs
with only 20 countries, and they are a seemingly odd and disparate group of trade partners.
Guinigundo noted that arrangements such as the FTAs
are viable alternatives that can help countries like the Philippines survive the trade war between the two economic giants.
Korea has also signed FTAs
with five countries in Central America, which will take effect after ratification by legislators.
As part of revising the existing FTAs
, Mr Dawood said the PTI government would sign the revised free trade agreement with China by June 2019.
New Delhi [India], Feb 14 ( ANI ): The number of foreign tourist arrivals (FTAs
) in India saw an 8.4 percent year-on-year (YoY) jump, the Ministry of Tourism stated.
The apex body of trade blamed the current FTAs
and PTAs for swelling country's import bill by 300 per cent in the last three years and putting an unbearable burden on foreign reserves.
Due to existing FTAs
, Pakistan's imports have jumped by 300 percent in the last three years putting an unbearable burden on the foreign exchange reserves, he said, adding, at the same time our exports are on constant decline thus widening the trade deficit to an alarming level of US$ 32 billion, he said.
Due to existing FTAs
Pakistan's imports have jumped by 300 percent in the last three years putting an unbearable burden on the foreign exchange reserves.
In the last one year the country has suffered revenue losses to the tune of Rs 41 billion due to trade deals while FTAs
with Turkey and Thailand will increase the losses, said Atif Ikram Sheikh, Chairman FPCCI Regional Committee on Industries.
In essence, the issue of whether FTAs
are building blocs or stumbling blocs is a dynamic issue concerning the evolution of trade agreements over time.
The survey-which covered 105 firms and was conducted for state think-tank Philippine Institute for Development Studies-showed that while the utilization rate has steadily risen from a low of 11.8 percent in 2008 to 30.8 percent in 2014, an even bigger population of Philippine businesses and industries continued to miss out on the opportunities and benefits offered by FTAs