Pacific trade pact takes off with tariff cut in six nations that ratified the pact
Global corporations should not have special legal rights to undermine the policies of democratically elected governments.
As released by the European Commission
Failure to ratify the Peru-Australia free trade agreement this year will cause major agricultural industries to miss out on improved market access and tariff cuts, says the country’s peak dairy group.
In 2018, there were many international trade talks the government wanted to be wrapped up such as Indonesia-Australia CEPA, Indonesia-Europe FTA and Regional Comprehensive Economic Partnership, says IGJ Executive Director
China’s Hong Kong Special Administrative Region (SAR) and Australia have concluded the negotiations on a free trade agreement (FTA) and an investment agreement.
The free-trade deal appears to be on hold as Indonesia is angry about Australia’s potential move of an embassy to Jerusalem.
The two countries plan to ink the agreement on November 14, the second day of the ASEAN summit in Singapore.
Businesses in the mining sector and beyond insist protection for Australian investors in Indonesia is required in a free trade deal.
Sixth country Australia ratifies trade pact, paving way for early launch
Formal notice of Canada’s ratification filed Saturday; Australia expected to ratify this week.
Australia walked away from plans for a free trade agreement with Taiwan after China warned any deal would hurt relations between Beijing and Canberra.
The federal government has urged Labor to support the Peru trade deal amid concerns the opposition’s new trade policy will blow up an agreement that has already been signed.
The UN Conference on Trade and Development new research shows that increased market power of global corporations is driving global income inequality. It recommends a review of existing regulation and trade agreements to develop “measures to curb abusive business practices.”
As part of the Change the Rules campaign, the Australian Manufacturing Workers Union (AMWU) and the broader union movement have raised significant concerns with Labor and the Government about the Trans-Pacific Partnership Agreement.
The free trade agreement between Australia and Indonesia is in peril after Labor said it would not ratify the deal, or any other FTA in the pipeline, unless provisions allowing the importation of foreign workers and the ability of foreign governments to sue, were stripped out.
Crossbenchers are ramping up pressure on Labor at the 11th hour to reject the
Trans-Pacific Partnership free trade agreement, drafting amendments that
would force opposition senators to vote against the party’s policy.
There are some suggestion that New Zealand, and perhaps Australia, would be politely invited to exit the RCEP negotiations in the interests of concluding them.
The Indonesia-Australia agreement provides preferential access for a number of Australian agricultural products. It also provides a framework for addressing non-tariff measures.
Caucus and shadow cabinet agree to pass TPP, but also change the way Australia negotiates on trade.