It is now abundantly clear that the CPTPP has not only proved irrelevant in the face trade protectionism but would actually strengthen IPRs, raising the costs of Covid-19 tests, treatments and vaccines.
Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yanez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries.
Thai House of Representatives Committee investigating potential impacts of CPTPP heard report from its Subcommittee on Agriculture.
Despite Japan’s efforts to seek closure in post-Brexit trade talks with Britain by the end of this month, the pathway to reaching an agreement is complicated, a trade expert has said.
Thailand’s proposed participation in the Trans-Pacific Partnership stands on a precipice.
Australia has reaffirmed its commitment to signing the Regional Comprehensive Economic Partnership (RCEP) trade agreement despite rising political tensions with China.
A series of high profile officials in Beijing have recently voiced openness about China joining a trans-Pacific trade pact abandoned by the United States in one of the first acts of Donald Trump’s presidency.
Indonesia is eagerly anticipating the signing of the Regional Comprehensive Economic Partnership (RCEP) in November, believing the China-led trade pact could pave the way for more economic activity and a stronger recovery from the Covid-19 pandemic.
Thailand will take until September to study whether to join a trans-Pacific free trade agreement, potentially missing a window for entry this year amid widespread concern that joining the pact may harm its farm and healthcare sectors.
The Transpacific Partnership Agreement involves investor - state dispute settlement clauses, which large companies may use ISDS to sue governments for actions they took to stop the spread of the virus.
As sporadic tensions flare over US-China trade, a fierce debate also continues at home, centred on whether Thailand should join a trade pact touted as creating the third-largest free trade area in the world.
Doubts though remain over China’s ability to meet the requirement of the Comprehensive Progressive Trans-Pacific Partnership Agreement (CPTPP).
Britain intends to pursue accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a key part of its trade negotiations programme, a government policy paper said.
The British government signalled that it intends to join another trade agreement in which Canada is already a partner: the Comprehensive and Progressive Trans-Pacific Partnership.
The UK wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership regional trade pact as soon as possible, welcoming Japan’s support for Britain’s membership.
The #NoCPTPP hashtag is back on trend overnight, after the Shippers’ Council supported Thailand to participate in CPTPP negotiations to create impetus for the economy.
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.