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CPTPP
The recent experience of the countries that have already ratified the TPP-11 and begun to operate, has demonstrated the character of this treaty and its pro-business tribunals, which is nothing more than an insurance for large corporations on their profits and markets.
Many CPTPP members believe that the UK government has under-estimated the scale of the challenge of acceding to the 11-nation bloc. Discussions have also revealed problems with the scale of the UK market access offers.
The Malaysian Rubber Products Manufacturers Association has urged the government to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as soon as possible.
Britain is seeking to join the trans-Pacific trade pact known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which removes 95% of tariffs between its 11 members.
It’s a portent of claims Australia may face from British companies invested in Australia’s fossil-fuel industries if the United Kingdom gets its way and joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
The US will host the first in-person IPEF Ministerial meeting in Los Angeles from 8-9 September 2022, which is expected to launch formal negotiations. Some countries may decide not to remain involved in some or all of the IPEF’s “pillars”.
Costa Rica formalized its request to join a trade partnership of 11 countries across Asia, Australia and the Americas, President Rodrigo Chaves announced.
Costa Rican President has expressed hope that the Central American country will start negotiations to join the 11-country Trans-Pacific Partnership free trade deal.
The two sides would focus their negotiations on 11 areas, including trade facilitation, regulatory practices, standards, state-owned enterprises, nonmarket policies and practices, and countering corruption.
Taiwan’s top trade negotiator appealed to the United States not to forget that the island wants a free trade deal, but understands this will not happen immediately and is willing to make other agreements first as "building blocks".
Interview with Chilean activist Lucía Sepúlveda Ruiz.
Britain is launching talks over a free trade deal with Mexico, looking to add services to its current agreement as well as aiming to increase trade in the financial and digital sectors.
Tailored pact seeks to counter China’s clout while protecting US workers.
The IPEF represents continuity between the colonialist past and neocolonialist present in the Indo-Pacific region.
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.
