The US-led economic framework is designed to reorganize supply chains around the US — possibly sowing the seeds of conflict with China.
Malaysia views US President Joe Biden’s proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact.
IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains.
The fact that the China-Maldives Free Trade Agreement has not come into effect causes worries for the Chinese enterprises that intend to do businesses in Maldives, has stated the Chines Ambassador to Maldives.
Prime Minister Mahinda Rajapaksa has suggested to the Cabinet that bilateral talks with China on a Free Trade Agreement (FTA) be resumed immediately.
While China has empathy for Sri Lanka’s economic plight and is keen on helping it, there ought to be “an early start of the negotiation and signing of the Free Trade Agreement, so as to enhance mutually beneficial cooperation.
The Indo-Pacific Economic Framework seeks to establish trade rules and is widely seen as an effort by the US to counter China’s influence in the Asia-Pacific region.
Both members of the Quadrilateral Security Dialogue along with the U.S. and Japan, look to manage difficult relations with China and promote a "free, open and inclusive Indo-Pacific."
Israel hopes that by the end of 2022, it will have free trade agreements with several nations, including China and India.
China formally implemented the upgraded China and New Zealand free trade agreement (FTA) on Thursday in a move to promote deeper cooperation between the two sides.
China will implement an upgrade to the free trade agreement between Beijing and Wellington to eliminate tariffs of 12 wood and paper products imported from New Zealand.
The operations of Chinese companies under the Belt and Road Initiative in Indonesia have become a hazard for the country’s environment, disturbing its ecological equilibrium resulting into population displacement.
The balance of trade between the Srilanka and China has been heavily in favour of China. the Srilanka government has decided to revisit the proposed free trade agreement (FTA) with China.
The Cabinet Sub Committee on China agreed to fast-track the possible next steps in consultation with the relevant stakeholders at the earliest.
Islamabad wants more concessions exclusive to its products.
The Chinese side said that after graduating from the LDC status, Bangladesh would face a lot of challenges like withdrawal of many trade-related facilities, and in that scenario FTA with China could be a major cushion to offset the shocks.
China applied to join the Trans-Pacific Partnership, and some analysts see it as a Chinese declaration that even with the elimination of tariffs, the country’s products can hold their own now.
Australian trade committee recommends that Australia support the applications of the UK and Taiwan, but places conditions on support for China’s accession.
China’s commitments under RCEP will will usher in a new era of liberalization in the country’s services industry.
Serbia and China will sign a free trade agreement by the end of 2022 at the latest, Serbian president Aleksandar Vucic said.