Australian High Commissioner Harinder Sidhu hope that India will seriously consider returning to the RCEP table.
India will hold talks with the EU and the UK to forge free trade agreements. New Delhi could also clinch a trade deal with Australia.
Australian mining company Indiana Resources has become the second company in a week to declare a dispute with the Tanzanian government over repossessed retention licences.
Australia - Hong Kong Free Trade Agreement entered into force on Friday, announced by Minister for Trade, Tourism and Investment, Simon Birmingham.
Japan and Australia reaffirmed their goal of concluding the envisioned RCEP free trade deal among 16 nations including India by the end of the year.
Australia has yet to show any serious interest in recognising the potential negative impacts of trade policies on gender or take steps to systematically assess these. A gender equitable trade policy is possible. But it would look nothing like the RCEP.
Australia turned down the UK’s appeal for freedom of movement between the two countries.
FTA between Peru and Australia will enter into force in February 2020, stated the head of the Ministry of Foreign Trade and Tourism (Mincetur), Edgar Vasquez.
The Free Trade Agreement and Investment Agreement signed between China’s Hong Kong Special Administrative Region (HKSAR) and Australia in March will enter into force on Jan. 17, 2020.
Despite India’s decision to walk out of the ASEAN-led 15-nation RCEP Free Trade Agreement last month, officials from India’s Indo-Pacific partners Australia and Japan are still discussing the issue in the hope that the government will rethink the decision.
The decision of keeping India out of the Regional Comprehension Economic Partnership (RCEP) has helped crores of farmers and prevented the likely shift shift of India from a self-sufficient milk producer to importer.
India has long had a reputation in Australia as being a challenging negotiator that may not share the same enthusiasm for concluding free trade agreements.
Climate change targets are shaping to be a major sticking point in trade negotiations with Europe after France publicly tied Australia’s domestic action on climate change to the proposed FTA.
The very idea of a free trade agreement is a contradiction. You don’t need a complex agreement to trade freely.
In this interview, we discuss the PACER+ trade deal, the post Cotonou talks with the EU and the influence of China’s Belt and Road Initiative in the Pacific region.
Australian businesses in China have praised a New Zealand trade deal which overcomes prohibitive red tape and any unofficial go-slow at Chinese ports that can plague Australian exporters.
In the short- and medium- terms, however, it seems unlikely that those additional rules will facilitate any significant increase in Australian exports to ASEAN.
FTAs can be downright harmful. These agreements often include clauses that deliver power to foreign corporations to launch legal action against democratically elected governments on decisions they believe harm their commercial interests.
A common set of rules on intellectual property (IP) and e-commerce and a new scope of trade for telecommunication services are among some of the expected benefits that will arise from the RCEP agreement when it is signed next year.
India’s departure from the RCEP announced yesterday in Bangkok is not only caused by India’s resistance to lower tariffs. There is a hidden agenda of non-tariff issues that could restrict future government regulation by giving more rights to global corporations.