Aside from the Philippines’ pending accession to the mega free trade deal RCEP, the government is also strongly pushing for the country’s participation in the CPTPP and the Indo Pacific Economic Framework.
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.
New Zealand has fired a warning shot at Canada over dairy tariffs, kicking off a dispute resolution under the trans-Pacific Partnership pact - the first of its kind.
"Lobbyists for the giant corporations are celebrating IPEF as the second coming of the TPP," warned Senator Warren.
In this ever-unfolding but unpredictable world and regional situation, Malaysia should remain “non-aligned” — albeit as appropriate for these new times. It should not take sides between the dominant West and its adversaries — led by China, the region’s major trading partner by far.
Speaking to a US business summit, Jacinda Ardern has confirmed NZ interest in a major economic initiative out of Washington while calling on the US to be more engaged in the region on trade
A Mexican law that nationalizes its future lithium industry violates its trade obligations under the CPTPP, the International Chamber of Commerce said.
The new legal framework for intellectual property rights will meet the standards set out in the CPTPP free trade agreement, and is expected to help in the country’s negotiations to join the 11-member trade bloc.
South Korea decided to join a mega free trade agreement involving 11 Asia-Pacific nations as the country seeks to diversify its export portfolio amid heightened economic uncertainty.
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.
Hundreds of South Korean farmers and fishers protested in the country’s financial and political center, Yeouido, demanding the government reconsider its intention to enter into yet another free trade agreement.
It remains unclear as to whether the agreement will be legally binding, whether it will contain dispute resolution mechanisms, and whether it will be an ‘all in’ agreement or allow parties to choose what they sign up to.
A coalition of farmers and fishermen are against the government’s move to join a trade agreement with 11 countries in the trans-Pacific area, saying their livelihoods will be threatened greatly if Korea opens its market to global sellers of cheaper agricultural and marine products.
Los sectores de agricultura y pesca se opusieron firmemente a la medida, y docenas de agricultores y pescadores enojados realizaron una protesta en la sede de la audiencia pública.
South Korea’s application for the CPTPP membership is likely to become possible in June, two months behind schedule, amid opposition from farmers and fishermen and the government’s transition period.
New trigger mechanism keeps US beef on level playing field with other CPTPP countries as beef exports continue to rise.
The American business community’s suggested points for inclusion in the US administration’s proposed alternative to the CPTPP, the Indo-Pacific Economic Framework.
Realpolitik dictates that the deal is also an effective down payment by the UK on its goal to join the Comprehensive and Progressive Partnership Agreement (CPTPP).
AFTINET has raised the alarm over the possibility that British corporations will gain the right to sue the Australian Government if the UK is granted membership in the CPTPP.