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.
Malaysia’s Ministry of International Trade and Industry (MITI) is engaging with stakeholders to get feedback on sensitive issues such as government procurement before deciding on the ratification of the CPTPP.
In this time of Covid-19, free trade negotiations have not subsided, and are even increasing. In Thailand the government is trying again to join the CPTPP.
London is trying to strengthen trade ties with Asia after Brexit.
In the foreseeable future, Thailand will be shying away from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The country lacks necessary preparedness and consensus for the high-end free-trade arrangement.
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).