Comprehensive Economic Partnership Agreement 1.

between india and south koera The Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreemen t between India and South Korea.[1] The agreement was signed on August 7, 2009.[ 2] The signing ceremony took place in Seoul and the agreement was signed by Indi an Commerce Minister Anand Sharma and South Korean Commerce Minister Kim Jong-Ho on.[3] The negotiations took three-and-a-half years, with the first session in F ebruary 2006. The agreement still needs to pass the South Korean parliament. It passed the Indian parliament.[1] Once passed, the agreement will come into effec t sixty days later. The South Korean government expects the agreement to pass in the fall of 2009.[1] The agreement, once passed, will cut South Korean tariffs on 93% of goods from India. India will cut 75% of total tariffs.[2] The unusual name for the agreement was suggested by India.[1] It is equivalent t o a free trade agreement.[1] The agreement will provide better access for the In dian service industry in South Korea.. Services include Information technology, engineering, finance, and the legal field.[4] South Korean car manufactures will see large tariffs cuts to below 1%.[5] The agreement will ease restrictions on foreign direct investments. Companies ca n own up to 65% of a company in the other country.[5] Both countries avoided iss ues over agriculture, fisheries, and mining and choose not to decrease tariffs i n those areas. This was due to the very sensitive nature of these sections in th e respective countries.[6] Trade between India and South Korea was $15.6 billion in 2008. This is a major increase from 2002, which had a total trade amount of $2.6 billion.[2] The Korea Institute for International Economic Policy believes the agreement will increase trade between the two countries by $3.3 billion.[1] The act came into force on January 1, 2010 2. between Indonesia-Australia (http://www.dfat.gov.au/fta/iacepa/) Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) negot iations commenced in Jakarta in September 2012. IA-CEPA aims to strengthen and e xpand the trade, investment and economic cooperation relationship between Austra lia and Indonesia. It will help bring the region's two largest economies closer together and will form a key part of Australia's regional economic integration a s part of the Asian Century. Indonesia is a significant economic and regional partner for Australia. Two-way trade in goods and services reached $14.8 billion in 2011, making Indonesia our 12th largest trading partner and 11th largest export market. Australian investme nt in Indonesia was worth an estimated $5.4 billion in 2011. Austrade estimates that there are more than 400 Australian companies operating in Indonesia, in sec tors including mining, agriculture, construction, infrastructure, finance, healt h care, food and beverage and transport. The announcement of the commencement of IA-CEPA negotiations follows the release of the Joint Feasibility Study on an Indonesia-Australia Free Trade Agreement i n April 2009 and the entry into force of the ASEAN-Australia-New Zealand Free Tr ade Agreement (AANZFTA). It is expected that the IA-CEPA will build on the outco mes of the AANZFTA. Key interests and benefits 1 The IA-CEPA could address impediments to h impose additional costs on exporters and itiveness. 2 A comprehensive agreement that addresses ian investment in Indonesia and Indonesian the bilateral relationship in a number of bilateral trade, including those whic consumers, and impede economic compet the impediments to increasing Austral investment in Australia would enhance important respects.

3 IA-CEPA could explore ways to enhance economic cooperation in specific sectors identified as key drivers of economic growth. 3. between india and canada (No. 348 - November 17, 2009 - 2 p.m. EST) Canada and India took the next step t oward a comprehensive economic partnership agreement (CEPA), as the Honourable S tockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, and Shri Anand Sharma, India s Minister of Commerce and Industry, today s igned papers to establish a joint study group. The signing of this memorandum of understanding was witnessed by Prime Minister Stephen Harper and India s Prime Minister, Dr. Manmohan Singh. We have seen significant progress since my first visit to India in January, where we announced the initiation of discussions. India has been most supportive. The creation of this joint study group marks an important step forward in our discu ssions, said Minister Day. A comprehensive economic partnership agreement would help expand trade, open door s for Canadian exporters, encourage economic growth and create jobs in both our countries. The joint study group will be comprised of officials from both Canada and India. It will look at key sectors of interest and the possible parameters of a CEPA. The group is expected to finalize its report within six months. A CEPA with Indi a could deliver commercial benefits to many sectors of the Canadian economy, inc luding forest products, nickel, aircraft, electrical machinery, fish and seafood products and agricultural products. The Government of Canada held public consultations from March to April 2009 to s eek input from Canadians on developing a CEPA with India. This is Minister Day s third visit to India since January. In September, the Minis ter opened the new trade office in Ahmedabad, in the state of Gujarat. With a t otal of eight trade offices in India, the Government of Canada has created one o f Canada s most extensive trade networks anywhere in the world. Canadian two-way merchandise trade with India reached an all-time high of $4.6 b illion in 2008, up 22.5 percent over 2007. Merchandise exports to India in 2008 totalled $2.4 billion an impressive 35-percent increase over the year before and the commercial relationship between the two countries continues to grow. From Janua ry to August 2009 alone, Canada s exports to India were up by three percent despit e the effects of the global economic downturn.