And Trade Minister Sergio Marchi said the government is interested in negotiating a separate preferential trade agreement between Canada and the four countries making up the Mercosur trading bloc.
42.
The seven nations have already decided to introduce in December the South Asian Preferential Trade Agreement, which will lower tariffs to promote intra-region trade . ( ne / aks)
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The Caribbean banana industries rely on preferential trade agreements with Europe to be stay afloat _ agreements which their larger competitors in Central and South America claim are unfair.
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Pakistan has successfully negotiated three Free Trade Agreements ( FTAs ) with Sri Lanka, China and Malaysia and three Preferential Trade Agreements ( PTAs ) with Iran, Mauritius and Indonesia.
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The last summit put the final touches on the South Asian Preferential Trade Agreement, but so far the accord hasn't added pace to the region's trade of dlrs three billion annually.
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The European Union is open to the idea of a preferential trade agreement with ASEAN countries, " said Ong Keng Yong at a talk hosted by a non-governmental think tank here.
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He added that a proposed preferential trade agreement within the region was still in its early stages, and warned that with 18 countries involved " rapid progress is just not possible ."
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The industry was hit hard by a 1980 hurricane that ravaged plantations, and by a recent World Trade Organization ruling that ended 27 years of preferential trade agreements with the European Union.
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In return, Europe has agreed to refrain-- just as temporarily-- from referring the issue to the Security Council, and, if Iran keeps the bargain, to resume negotiations on a preferential trade agreement.
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During the visits, Silva hopes to start negotiating a preferential trade agreement between the Community of Portuguese-speaking Countries and the Southern Cone Common Market, or Mercosur, made up of Brazil, Argentina, Uruguay and Paraguay.
