As political and trade tensions with the United States rise, and its image as a global leader is tarnished by riots, China has indicated it could join the CPTPP which New Zealand belongs to.
Thailand’s cabinet has agreed to set up a committee to consider whether Thailand should seek membership in an Asia-Pacific trade agreement after widespread opposition last month amid concerns joining the pact may harm the agriculture industry.
Securing multiple trade deals simultaneously is not impossible, say experts, but the UK will have to make concessions.
The union and its allies also asked the government not to join the Trans-Pacific Partnership, as they view that the restriction of rights to access medicine under the deal would put the country’s public health system in danger.
Stepping into the role that the United States could have had at the helm of TPP, Beijing has offered a deal that puts it firmly in a leadership role. Through RCEP, the future of the broader Asia-Pacific economy has a diminished role for the United States.
Thailand’s cabinet will not consider on Tuesday whether Thailand will seek membership of an Asia-Pacific trade agreement due to widespread opposition.
The Commerce Ministry is pushing for cabinet approval for Thailand’s bid to join the (CPTPP) amid fierce opposition from civil groups which have argued the move will have an adverse impact on food security and access to medicines.
Global companies are positioning themselves to use little-known rules in trade agreements to claim millions of dollars in compensation for restrictions imposed during the pandemic.
Japan and UK reaffirmed their commitment to build the “new partnership as ambitious, high standard and mutually beneficial as the Japan-EU EPA (Economic Partnership Agreement).
The agreement does not promise that the suspended provision on test data rule concerning biological medicines will remain suspended.
Japan will make a fresh attempt to expand the Trans-Pacific Partnership trade pact to include more Asian economies, such as Thailand, Taiwan, Indonesia and the Philippines, after the new coronavirus exposed the risks of supply chains overly dependent on China.
FTA Watch and Thai civil society slammed government’s attempt to push Thailand into CPTPP FTA while the country have no negotiating power; risking negative impacts on Thai small farmers, rights over seeds and breeds, and access to medicine.
The cabinet is expected to make a decision by April or May on whether Thailand will join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The US Mexico Canada Agreement extended the TPPA’s digital trade rules to provide even more extensive guarantees the already-dominant technology corporations. The RCEP puts a break on those developments.
The U.K.’s foreign secretary landed in Australia on Thursday as part of a four-nation swing through the Asia-Pacific region to push for "ambitious" trade deals, but translating the government’s post-Brexit swagger into concrete deals may be a long and bumpy process.
Japanese Foreign Minister Toshimitsu Motegi promised on Tuesday to help Thailand join a trans-Pacific free trade agreement at an early date.
The Japanese government will also be worried about a sluggish economy and there will be no appetite for liberalization measures that impose pain on Japanese businesses.
Japan may refrain from signing an India-less Regional Comprehensive Economic Partnership (RCEP).
The adoption of the law" is expected to pave the way for the ratification of several free trade agreements Vietnam has signed, including one with the European Union.
Negotiations about Britain’s entry into the free trade bloc can’t really take place as long as it remains an EU member.