Japan, U.S. to seek first trade talks under new framework in July

“Analysts say the new framework could put Japan under direct U.S. pressure to enter talks for a bilateral free trade agreement. Japan is wary of entering such talks as they would put it under pressure to open up politically-sensitive markets like agriculture.”


Colombia looking to join new TPP

“Australian Prime Minister Malcolm Turnbull previously said that South Korea, Indonesia, and Thailand were interested in joining CPTPP. Turnbull has also floated the idea of the UK signing up post-Brexit.”


As U.S. sanctions loom, India and Iran to begin trade talks

“The first round of formal negotiations on a preferential trade agreement will be held between India and Iran by August, said people with knowledge of the matter. Such an accord will see the two giving duty concessions to each other’s goods, enabling greater market access for India’s pharmaceutical, rice and auto component exports.”
[Economic Times]

Aircraft maker fined $74,000 for illegal North Korea exports

A New Zealand judge fined the company over “three charges of indirectly exporting a specified goods to the Democratic People’s Republic of Korea, and one charge of making an erroneous export entry.” The company “is thought to be the first company in the world to be prosecuted for such actions.”


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