EU lawmakers are fed up with the European Commission’s reluctance to start an investment deal with Taiwan, while U.S. President Joe Biden has his sights set on trade talks with Taipei.
Taiwan and the United States are set to convene a meeting of their Trade and Investment Framework Agreement Council in the “coming weeks,” Trade talks might be back on the agenda, picking up the momentum from a flurry of late action by the Trump administration.
China has warned the United States against pursuing a trade deal with Taiwan after Washington signalled a possible resumption of economic talks with the self-ruled island.
Wednesday’s decision to begin talks on having the U.K. join the Trans-Pacific Partnership has refocused attention on the 11-member trade agreement’s expansion plans, as China puts out unofficial feelers about getting on board.
In this competition over standards, whichever nation first strikes a trilateral deal with technology leaders Japan and South Korea will secure a strategic chokepoint in the digital architecture of Asia.
Taiwan wants the Australian government to resume free trade agreement talks after they were halted several times from pressure by Beijing.
USTR said the phase one trade deal was important but only one part of a challenging and complex relationship between the world’s two largest economies.
European lawmakers overwhelmingly approved a resolution to withhold ratification of the investment deal with China, so long as its “baseless and arbitrary” penalties were in place.
Draft calls on EU to work with US on China, and to plan deals with Taiwan.
Pakistan recorded nearly 70% increase in exports to China in the first quarter of 2021, an official said.
CPEC is an essential component of the Belt and Road Initiative, intended on creating new production sites and trade routes to connect China better with the rest of the world.
The situation is less dramatic than people seem to think. The EU is still working very closely with China’s Ministry of Commerce, the bloc’s ambassador in Beijing said.
The EU and US are currently distancing themselves from China — unlike Switzerland as the country sticks to its free trade agreement with the world’s second-largest economy despite mounting domestic criticism.
If all the seemingly insurmountable barriers are overcome and the US decides to reactivate the original Trans-Pacific Partnership Agreement, would there be another groundswell of opposition? You betcha.
A long-negotiated investment agreement between EU and China was more of an "intention than a deal and it could be a long time before it became a reality, an EU commissioner said.
US Trade Representative said she expects to engage “in the near term” with Chinese officials to assess their implementation of the “Phase 1” trade deal.
The EU is suspending plans for a trade deal with China, while reviving those for a pact with India, in a dispute on Chinese human-rights abuses.
India and the European Union are making joint efforts to seal a “connectivity agreement”, which could be an answer to China’s Belt and Road Initiative.
The US criticised China for failing to fulfil commitments it made in the “phase one” trade deal a year ago to improve protections for the intellectual property of American companies.
Japan’s parliament approved joining the RCEP to aim for it to come into effect from the start of next year. The approval by Japan’s upper house comes after China called for the deal to be ratified to shore up the economy in the Asia-Pacific.