This is the first comprehensive, high-level bilateral agreement China has ever signed with foreign businesses to protect geographic indication.
A Chinese state-run English daily said, “the countries involved in the Regional Comprehensive Economic Partnership shouldn’t lose the chance to include India."
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.
China aims to press ahead with 15 remaining RCEP members. Japan had sought to balance China by involving India.
The CTU is concerned that the "upgrade" of the New Zealand-China Free Trade Agreement has not removed the threat of investor suits against the New Zealand government.
China wants the US to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on Sept. 1. It is also seeking relief from earlier 25% tariffs on about $250 billion of imports.
The Eurasian Union is working diligently to sign FTA agreements with interested countries. Such agreements bolster the EAEU’s positions in the regional and global economy.
China’s all-consuming focus on sealing a US trade deal forced its top trade negotiator to cancel a trip to Brussels, raising the risk of Europe being pushed “off a cliff”.
New Zealand being granted an FTA upgrade right now rubs it in to Australia that only those who play nicely with China can expect rewards.
White House trade adviser Peter Navarro said the United States’ trade deal with China will require three phases.
Prime Minister Jacinda Ardern and Minister for Trade and Export Growth David Parker have announced the conclusion of negotiations to upgrade New Zealand’s existing free trade agreement with China.
Sections of Indian industry, farmers and dairy sector have expressed concerns over the mega trade deal.
The agreement on trade and economic cooperation between the Eurasian Economic Union (EAEU) and China came into force on 25 October.
Those who oppose RCEP fear the pact will allow China to get access to the Indian market, especially because 90 per cent of the products are expected to have tariff free movement in the region over the next 15 years.
India has bargained a nearly 10% advantage over China in tariff elimination during the ongoing RCEP discussions in a move aimed to placate the domestic industry and pave the way for New Delhi to conclude negotiations.
Implementation of the new US-Japan free trade agreement is expected to put US pork producers back on a level playing field in that market and help set the tone for future US free trade agreements.
Leaders on both sides agreed that the negotiations will lead to decisive progress by the end of the year, allowing a high-quality agreement to be concluded in 2020.
The new agreements cover a range of areas, including education, e-commerce, investment, infrastructure and agriculture.
China and Mauritius signed a free trade agreement (FTA), the first FTA between China and an African country, according to the Ministry of Commerce (MOC).
At the center of the intensifying rivalry are the Philippines and Taiwan, and the rest of other states in Southeast Asia, that will eventually face the tough choice between the US and China.