The benefits of connecting the continents in a free trade pact are obvious for the United States.
India, in addition to its free trade pact with ASEAN, has bilateral trade agreements with Canada, Japan, Malaysia, Singapore, South Korea, Sri Lanka, and Thailand.
After the talks President Bush gave the king a pen he had used earlier in the day to sign a free trade pact with Jordan.
The EU implemented one with South Korea, recently concluded one with Singapore, is negotiating another with Canada, and has begun talks with Tokyo over a free trade pact.
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The president's comments came as trade representatives from the United States and Jordan signed a free-trade pact.
He has privatized most of the country's state-owned industries, implemented a free-trade pact with the U.S. and revamped the school system.
In Indonesia, textile, furniture and electronics manufacturers are shouting about imports from China that followed the lifting of tariffs in a regional free-trade pact.
Friday's meeting was an opportunity for the U.S. to gauge Tokyo's intent to join negotiations on the Trans-Pacific Partnership, or TPP, a regionwide free-trade pact pushed by Washington.
An aide to Ms. Park said the economic delegation is intended to help ease investor concerns about geopolitical risks surrounding North Korea and promote the benefits of a U.S.-South Korea free-trade pact.
And its backers, including Mr. Bush, hope it will help keep hope alive among the Western Hemisphere's nations for the long-promised but repeatedly postponed Pan-American trade pact, the Free Trade Area of the Americas.
Intra-regional free trade agreements such as Mercosur and the proposed pact involving Chile, Mexico, Colombia and Peru tend to enhance economic growth for all the participants.
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Meanwhile, in a sign that the pro-free trade forces were gaining ground, House and Senate negotiators reached agreement on a new trade pact which would allow African, Caribbean and Central American countries to gain greater duty-free access to US markets.
The trade deal in question is the Central American Free Trade Agreement, or CAFTA. It's something of a logical progression from the NAFTA trade pact with Mexico and Canada that Congress ratified and President Clinton signed in 1993.
EAC, he suggested, should build a free-trade area, co-operate on finance, and sign a security pact.
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In a booming economy, especially if the raises are largely symbolic (like the catch-up minimum wage adjustments since 1990), that may be an acceptable trade-off for keeping the social pact that sustains capitalism and free markets.
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