President Xi Jinping on Thursday pledged a raft of economic reforms as part of China’s efforts to join a Pacific Rim trade pact abandoned four years ago by the US and warned against efforts to “draw ideological lines” in the Asia-Pacific region.
Joining the pact is a smart move for Beijing, but will it abide by the rules?
Any new entry in the CPTPP requires the unanimous support of all the trade bloc’s members.
While there are clear benefits for large companies to joining the pact, there are also clear drawbacks that could make life harder for the average Thai.
President Xi Jinping said Thursday that China is open to negotiations on industrial subsidies and state-owned enterprises in order to be accepted into the CPTPP.
Analysts and trade experts weigh in on China’s bid to join yet another economic pact that could draw interest on a global scale
China will apply to join the Digital Economy Partnership Agreement to strengthen international cooperation on digital regulation, President Xi Jinping said.
It’s not just the different agreements, per se – the distinctly different models of FTAs are complicating trade regimes in the region.
Lawmakers are concerned about the consequences for Taiwan’s bid to join the CPTPP if people vote to ban the import of pork products containing ractopamine residue in a referendum on Dec. 18.
While competition among FTA styles can drive innovation, it does present a key problem for non-super-sized economies: knowing which one to adhere to. For all the new ideas they offer, the various deals available within the Asia-Pacific are often inconsistent and cannot exist comfortably side by side.
The world’s largest meat importing nation recently submitted a formal application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and it continues to draw a lot of attention.
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.