Malaysia will not be pressured into ratifying a 11-nation Asia-Pacific trade deal, as trade minister raised the prospect of holding out for bilateral tariff pacts instead.
Donald Trump signed the so-called Asia Reassurance Initiative Act (ARIA) includes a call for the US to return to multilateral trade deals, countering the President’s own tendency to pursue agreements with individual countries such as Mexico, Canada and Japan.
With the US as the centerpiece, the TPP would have given the country a more significant stake in Asia and the Pacific in much the same way as NAFTA did in America.
Pacific trade pact takes off with tariff cut in six nations that ratified the pact
Professor Kelsey notes the earlier criticisms of the TPPA are as valid now as they always were.
The vast expansion of the supermarket sector has been supported by free trade agreements that have promoted the industrial system of food production and processing, regional and international “supply chains”.
The copyright period on works such as novels and paintings in Japan is set to be extended to 70 years after the authors’ deaths, from the current 50 years, as part of legislation to approve the TPP.
The North American Meat Institute called for US beef and pork exports to receive the same tariff benefits that have been granted to competitors under the Trans-Pacific Partnership.
Chief negotiators will discuss how to operate the pact and the basic policy on accepting future members after it enters into force.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP will take effect at the end of 2018 after Australia became the sixth nation to ratify it.
Taiwan plans to officially ask Japan to endorse its membership in the Trans-Pacific Partnership.
Malaysia is still studying the implications and potential impacts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before deciding to ratify the free trade agreement, said the Prime Minister
In January meeting, addition of Thailand, South Korea and UK to be discussed.
Japanese farmers expressed concern about an expected influx of imports and other effects of a trans-Pacific free trade agreement led by Japan that is set to enter into force on Dec 30.
Sixth country Australia ratifies trade pact, paving way for early launch
Formal notice of Canada’s ratification filed Saturday; Australia expected to ratify this week.
The hui on What an Alternative and Progressive Trade Strategy Should Look Like at Auckland University’s Fale Pasifika attracted a remarkable 16,831 pageviews over the two days of live-streaming.
The 11-country free trade agreement formerly known as the Trans-Pacific Partnership may take effect by the end of this year, Toshimitsu Motegi, Japan’s minister in charge of negotiations, revealed Friday.
The UN Conference on Trade and Development new research shows that increased market power of global corporations is driving global income inequality. It recommends a review of existing regulation and trade agreements to develop “measures to curb abusive business practices.”
The New Zealand red meat sector is urging other member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to complete their ratifications so the treaty can come into force.