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CPTPP
Just ahead of the ASEAN summit in Brunei came a strong indication that Thailand is taking steps to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
A free trade agreement between the ASEAN and Canada will be a win-win for all sides, particularly in the context of economies that are struggling to come out of the pandemic, Canada’s Prime Minister said.
China has taken a step toward easing rules that all but bar foreign companies from lucrative government procurement deals as the world’s second-largest economy seeks to join a Pacific Rim trade deal.
For now, New Zealand’s free trade deal with the UK might be about building back butter - but it could end up being more about Beijing.
Until Beijing demonstrates a credible commitment to abiding by the rules and ceases to use its economic might as a tool of coercion against other states, allowing it to join the CPTPP would be a serious mistake.
The only winners the mega-corporations who run New Zealand’s meat and dairy farms," said UK shadow trade secretary.
South Korea plans to decide whether to join a mega Asia-Pacific free trade agreement involving 11 nations as early as this month in an effort to diversify its export portfolio, the country’s finance minister has said.
Singapore has welcomed China’s application to join the CPTPP trade agreement, the Chinese Foreign Ministry said.
Britain does not know when it might get a full trade deal with the United States but is hoping to join a Trans-Pacific trade partnership next year, British trade minister said.
The Malaysia government is currently refining the draft amendments to three Acts as it moves towards ratifying the Regional Comprehensive Economic Partnership (RCEP).
A Taiwan official has asked Australia to support its bid to join the CPTPP pan-Pacific trade pact, which China opposes, saying Taiwan can boost high technology trade flows and demand for Australian minerals.
The Japanese Chamber of Commerce and Industry Taipei (JCCIT) supported Taiwan’s bid to join the CPTPP trade group, but it also wanted it to end an import ban on food from areas affected by the 2011 Fukushima nuclear disaster.
If Taiwan becomes a member first, China will find itself in the miserable position of having to beg for Taiwan’s consent to join the TPP.
Chinese Taipei is the latest of three countries seeking to join the CPTPP – the Comprehensive and Progressive Agreement for Trans Pacific Partnership.
When it comes to their position on the applications, CPTPP members are divided. The CPTPP operates on unanimous consent, so if even one country is against an application, membership will not be granted.
China’s restrictive practices present fundamental problems for its application to join a major pan-Pacific free trade pact, and if it joins before Taiwan there is a risk it could block their application.
South Korea’s trade ministry said it is reviewing joining a mega free trade pact comprising Asia-Pacific countries in line with its goal to play a leading role in trade in the region.
When China applied earlier this month to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the renamed 11-nation trade pact spanning Asia and the Pacific, Beijing seemed to hand Australia the rare diplomatic gift of leverage.
China will likely fail in its bid to join the Comprehensive and Progressive Trans-Pacific Partnership — but its move to submit an application highlighted the lack of U.S. economic policy in Asia-Pacific, said analysts.
Taiwan formally submitted an application to join the Trans-Pacific Partnership free trade deal, the government said, just days after mainland China filed its bid for membership.
