Foreign invested enterprises make up the majority of Vietnam’s export turnover of high-revenue products. Meanwhile, Vietnamese enterprises still mostly do outsourcing, and export raw materials or half-finished products.
Trade ministers from members of an Asian free trade pact abandoned by the United States affirmed a desire for more countries to join the bloc if they can meet its standards.
A senior Taiwanese diplomat told lawmakers that 2024 offers a "window of opportunity" for Taiwan’s potential accession to a regional trade bloc because Taiwan-friendly Canada will be the rotating chair next year.
Removing ISDS mechanisms within the CPTPP is a good start, but Britain must protect itself and other nations from its own corporate interests by removing all ISDS mechanisms.
Canadian trade minister Mary Ng reiterated Ottawa’s support for Ukraine’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, stressing the need to maintain high open market standards for the framework.
Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.
The UK faces “huge financial risk” of lawsuits if the Pacific trade deal is not amended, warn civil society organisations and academics in a joint letter published today.
The Canadian meat industry has launched a campaign demanding its government block the UK’s accession to a new trans-Pacific trade deal unless it accepts imports of Canadian hormone-fed beef.
Under the CPTPP, New Zealand gained better access for dairy products in the Canadian market, but complained that Canada was manipulating quotas to block exporters.
The environmental dangers represented by the CPTPP are profound for both food production and for encouraging practices linked with deforestation.
Britain officially joined a major trans-Pacific trade pact at a signing ceremony in New Zealand, marking the first expansion of the accord since its entry into force in 2018 and bringing the bloc to cover 15 percent of global gross domestic product.
Some member nations support reviewing applications on a first-come-first-served basis, while others say they can be looked at simultaneously
A major trans-Pacific trade deal has come into force in all 11 countries that originally signed it. This comes after the Southeast Asian nation of Brunei completed its ratification process.
Ukraine has submitted a request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); a trade pact among 11 countries, including Japan, Canada and Australia.
China has unveiled new measures to help its bid to join the CPTPP as Beijing presses on with its goal to reach the standards of the 11-nation deal, despite the thresholds for entry deemed by some members to be too high for the world’s second-largest economy.
The Chinese government has submitted the documents for China’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
While the Liberals insist a Pacific Rim trade bloc should welcome any country that meets its standards, an internal document suggests Prime Minister Justin Trudeau wants China kept out of the deal.
Canada backs Ukraine’s application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Canadian Trade Minister Mary Ng said.
Australia is not expected to support the accession of China and Taiwan to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership amid ’geopolitical baggage’.
Brunei Darussalam has ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.