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In the short- and medium- terms, however, it seems unlikely that those additional rules will facilitate any significant increase in Australian exports to ASEAN.
Benny Kuruvilla from Focus on the Global South spoke with trade expert, Prof. Biswajit Dhar from the Jawaharlal Nehru University and Ranja Sengupta, senior economist with the Third World Network.
While India has now opted out of the RCEP negotiations, it has not completely abandoned its policy of pursuing free trade agreements
China aims to press ahead with 15 remaining RCEP members. Japan had sought to balance China by involving India.
But decision to stay out is final for now, says Commerce Minister.
FTAs can be downright harmful. These agreements often include clauses that deliver power to foreign corporations to launch legal action against democratically elected governments on decisions they believe harm their commercial interests.
Thailand has already submitted a list of around 200 items to be traded between the two countries under the proposed Free Trade Agreement (FTA), but Pakistan government’s response and progress was waited.
India should hold talks with the European Union for a free trade agreement, the government said on Tuesday, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.
The Association of South East Asian Nations (Asean) may soon conclude FTA (free-trade agreement) review with India. The aim is to balance China in the Indo-Pacific.
The CTU is concerned that the "upgrade" of the New Zealand-China Free Trade Agreement has not removed the threat of investor suits against the New Zealand government.
China wants the US to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on Sept. 1. It is also seeking relief from earlier 25% tariffs on about $250 billion of imports.
Questions and answers with Prof. Dr. Wolfgang Weiß, Chair of Public Law, University Speyer.
Petroceltic, a UK-based global energy company, has initiated arbitration proceedings against the Egyptian General Petroleum Corporation.
The award granted WWM over US$ 40 million in damages, in addition to a substantial portion of its legal costs incurred in the proceeding.
The Philippines, Brunei, Indonesia, Cambodia, and Thailand have expressed interest in signing free trade agreements with the Eurasian Economic Union (EAEU).
The Eurasian Union is working diligently to sign FTA agreements with interested countries. Such agreements bolster the EAEU’s positions in the regional and global economy.
The Karkey dispute between the government and a Turkish ship-based energy firm has finally been resolved due to efforts of Turkish government, Prime Minister Imran Khan said.
China’s all-consuming focus on sealing a US trade deal forced its top trade negotiator to cancel a trip to Brussels, raising the risk of Europe being pushed “off a cliff”.
Vietnamese and international civil society organisations, are writing to urge you to ensure that the European Parliament postpones its consent to the EVFTA and IPA until certain human rights benchmarks are met by the Vietnamese government.
New Zealand being granted an FTA upgrade right now rubs it in to Australia that only those who play nicely with China can expect rewards.