TPP
China will "actively consider" signing up for a regional free- trade pact, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), President Xi Jinping said.
Japan aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said on Friday, potentially catering for China’s and Britain’s interest in joining the deal.
Taiwan reiterated Sunday its desire to join the CPTPP, and negotiators are in Washington this week hammering out a potential free trade agreement with the United States.
The challenge is not that the world’s biggest trade deal is China-led or heralds a Sinocentric order – both of which are misrepresentations anyway – but that the Asia-Pacific region has shown no need of US leadership or even involvement.
Japan aims to expand a major regional free trade pact called the CPTPP, Prime Minister Yoshihide Suga said on Friday, potentially catering for China’s and Britain’s interest in joining the deal.
The time is not yet ripe for Taiwan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), economic minister Wang Mei-hua said.
Fifteen Asia-Pacific economies signed what could become the world’s largest free trade agreement on Sunday, covering nearly a third of the global population and about 30% of its global gross domestic product.
Trade-dependent Taiwan has made relatively good progress towards joining the revamped version of the Trans-Pacific Partnership, but it is awaiting clearer rules on membership, the island’s chief trade negotiator said.
We are living in a very different world from the era that gave us the TPPA, which was turbulent enough. We have new realities, new priorities, and new challenges.
Trade agreements can be as powerful as military force for achieving a country’s strategic objectives.
President Tsai Ing-wen (蔡英文) reiterated Taiwan’s desire to be included in the CPTPP and sign bilateral trade agreements with regional countries, during a virtual forum attended by former world leaders.
The United Kingdom said it has Vietnam’s support to join a trans-Pacific trade deal, a boost for the country facing the dire economic impacts of Brexit and the coronavirus pandemic.
UK Foreign Secretary Dominic Raab will visit Vietnam on Tuesday to hold talks with his counterpart Pham Binh Minh, with a trade deal at the top of the agenda ahead of the ending of the transition period for Britain’s exit from the European Union this year.
With India, Australia and Japan intent on pursuing their arrangement in parallel, the road looks relatively clear for an RCEP accord in November. Even if there are still a few points of contention, the 15 countries may sign an "agreement in principle".
Japan need a policy that is based on a major shift from industrial agriculture to agroecology by small farmers. For this to be possible Japan must pull out of TPP and other similar FTAs.
According to Canadian International Trade Minister’s office, officials now are working toward a "transitional agreement" to minimize disruptions for businesses and workers.
Việt Nam is willing and ready to share its experience with the UK if the country wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Australia, Japan, New Zealand and Singapore are willing to give Britain a seat at the table but the interests of the remaining seven states are unclear.
The UK sees this deal forming a pathway to further market access under the 11-nation Comprehensive and Progressive Agreement for Transpacific Partnership (CPTPP), which Japan will support as part of the agreement.
The UK will hold multiple rounds of talks with the 11 member states of the Trans-Pacific Partnership with an eye on joining the trade pact, its trade minister said.
