Beijing officially applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). However, experts said the possibility of getting approved was quite low due to high entry standards and China’s unfair market practices. On Sept. 16, China’s commerce minister, Wang Wentao, submitted a written application for CPTPP membership to Damien O’Connor, Minister for Trade and…
China’s Bid to Join Trans-Pacific Trade Bloc Highly Unlikely to Be Greenlit: Analysts
Taiwan Moves to Join Pacific Trade Pact Before China
September 23, 2021
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Taiwan has formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sept. 20, following China’s bid last week. Taiwan submitted its application to New Zealand, who handles the paperwork for the trade bloc, but warned that if China’s application were approved, it would struggle to join the CPTPP. Taiwan has…
Australia, Japan Likely to Block Chinese Bid to Enter Pacific Trade Pact
September 18, 2021
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Asia & PacificAustraliaaustralia-chinaBusiness & EconomyChinaChina-Australia RelationsCPTPPDan TehanEconomiesInternationalInternational RelationsUSUS NewsWorld
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Australia and Japan will likely oppose China’s bid to join one of the world’s largest trade agreements unless it halts its economic coercion campaign targeting Australian exports and resumes diplomatic contact. Beijing announced on Sept. 16 that it had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in a letter…
UK ‘Closing In’ on Free Trade Agreement With New Zealand
The UK is “closing in on an agreement in principle” in trade talks with New Zealand, International Trade Secretary Liz Truss has said. She said “great progress” has been made in the sixth round of talks between the two countries which ran from July 19-30. The prospect of a deal with Australia has prompted controversy,…
UK Warned to Cool Links With China Over ‘New Cold War’ Fears
The UK needs to be wary about its relations with China as Beijing embarks on a new cold war, a former Australian prime minister and government trade adviser has warned. Tony Abbott, a member of the Board of Trade, said the Asian economic powerhouse was weaponising trade and urged Britain to guard against selling key…
UK Pushes Pacific Trade Talks Amid Broader New Focus on Asia
June 22, 2021
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BANGKOK—The UK launched negotiations Tuesday to join a trans-Pacific trade bloc as it looks to explore new opportunities following its departure from the European Union and strengthen its strategic interests in Asia. The start of talks to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), made up of 11 counties with a combined…
Australia Wants U.S. Back in TPP to ‘Set the Rules’: Sinodinos
Australia wants the U.S. back in the controversial Trans-Pacific Partnership (TPP) under President Joe Biden. While the U.S. was an original member of the agreement, former U.S. President Donald Trump withdrew from the TPP after his election in 2016. The remaining 11 countries then re-negotiated a new free trade agreement, the Comprehensive and Progressive Trans-Pacific…
Australia’s Ambassador to US Calls on Biden to Rejoin Trans-Pacific Partnership
Australia’s Ambassador to the United States, Arthur Sinodinos, has called on U.S. President Joe Biden to rejoin the controversial Trans-Pacific Partnership (TPP). While the United States was an original member of the agreement, former President Donald Trump withdrew from the TPP after his election in 2016. The remaining 11 countries then re-negotiated a new free…
Britain Set to Apply to Join Asia-Pacific Free Trade Pact
The UK will make a formal request to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the government has said. Britain’s International Trade Secretary Liz Truss will speak to ministers in Japan and New Zealand on Monday morning to request to join the free trade pact, with formal negotiations set to start this year, the…
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