The commerce ministry could unveil these new steps when it announces its foreign trade policy for the year, which Mr. Rao said is expected by the end of March.
EU, which means that all members should apply common external tariffs on imports from third countries and adopt a common foreign-trade policy.
Earlier this year, to Argentine irritation, Brazil cut its own trade deal with the Andean countries, even though Mercosur is nominally a customs union, and thus supposed to have a common foreign-trade policy.
This would be a costless foreign policy that would very much boost our security for free trade among countries remaining the single best foreign policy of all.
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Romney's plan ties U.S. trade policy to development in foreign nations by identifying barriers to trade and investment in developing countries.
Mr Weld's world-view, on the other hand, exemplifies the other pillar of Republican foreign policy: free trade.
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But foreign policy and bilateral trade issues would be at the heart of formal talks with the government, our correspondent added.
The EU should focus on the single market, international trade, the environment and foreign policy.
Mr Harper has followed suit: although he has talked of a hemispheric foreign policy and signed free-trade deals with Colombia, Panama and Peru, he is now working on aligning Canadian and American security measures and regulations.
Only in Ireland, where the economic model is based on openness to trade and foreign investment, is competitiveness a big part of the policy debate.
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The Trans-Pacific Partnership was first embraced in the United States by the State Department as a potential tool of foreign policy, and not by the U.S. Trade Representative as a possible trade initiative.
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In a statement Tuesday evening, the EU's trade commissioner, Karel De Gucht, and the bloc's foreign-policy chief, Catherine Ashton, said they were "very concerned" about labor conditions in Bangladesh.
The European Union wants negotiations about rules on how foreign investors can be treated, about anti-monopoly policy and about the relationship between trade and the environment.
Such quarrels have come to the fore because countries' economies are now so closely intertwined through trade and investment that almost any government policy can have a discriminatory impact on foreign companies.
So I've given instructions to my trade offices -- and we actually highlight this at the highest levels of foreign policy -- that these are issues that have to be addressed because that's part of the reciprocity of making our markets open.
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Similarly, perhaps the biggest new foreign policy initiative Obama called for was opening of talks to achieve a trans-Atlantic trade agreement.
These often concern macroeconomic questions such as monetary policy and fiscal discipline, and the means of globalisation, such as free trade and foreign investment.
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But as borders become more open, and the flow of information, technology, money, trade and people across the borders are larger and more rapid, the line between domestic and foreign policy continues to blur.
Aside from a free trade agreement with Europe, there was little else in this State of the Union that hinted at foreign policy ambition.
Mr. Capitalism ought to realize that the case for free trade does not end when BTUs enter into the conversation and that energy independence provides few economic or foreign policy advantages despite widespread belief to the contrary.
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