CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Lieberman Promotes US FTAs With Asia

Lieberman Promotes US FTAs With Asia

by Mary Swire, Tax-News.com, Hong Kong

06 November 2011


Senator Joseph Lieberman (I - Connecticut), during a speech delivered at the Heritage Foundation regarding United States policy in the Asia-Pacific, has emphasized that America needs an ambitious, forward-looking, and strategically-minded trade policy for the region.

Within a variety of initiatives to deepen and strengthen US engagement across the Asia-Pacific region, he said that the US should recognise that “while countries in the region are eager to enjoy the opportunities created by China’s growth, they also worry about growing overly-dependent on Beijing.”

However, he added, despite the completion of the South Korea-US free trade agreement (FTA), “the fact remains that the US has not yet signed a single new FTA during the Obama Administration. According to one recent analysis, more than 300 trade agreements have either been concluded or being negotiated in the Asia-Pacific, but none of which include the US.”

Nevertheless, he was of the opinion that it was not too late – “the Obama Administration has pledged to push forward with the Trans-Pacific Partnership, which would liberalize trade with eight Pacific Rim countries. This is a promising American initiative and must be treated as nothing less than a national security priority.”

He concluded that more is required, and that, “in particular, it is past time for Washington to negotiate an FTA with Taiwan, whose commerce with mainland China is arguably now more free than its trade with the U.S. In addition, we must redouble our efforts to conclude a bilateral investment treaty with India, with the clearly stated goal of concluding a full FTA with New Delhi before the decade is out.”

“And while we are thinking of bold new steps, we should also actively explore the possibility of an FTA with Japan, which would be a true game changer for the region.”

TAGS: tax | free trade agreement (FTA) | India | China | Taiwan | agreements | United States | trade | Japan

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »