The UK has formally signed the treaty to join a vast free trade area spanning the Indo-Pacific region, in a move the government says will be a “big boost for British businesses.” Business and Trade Secretary Kemi Badenoch signed the accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Auckland, New…
Businesses Holding Onto False Hope Regarding China
Commentary How naïve. It was reported last week that the Business Council of Australia (BCA) and the Australian Industry Group (Ai Group) were open to China joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTTP is a trade agreement established in 2018 between 11 Pacific nations including Australia. China is the next application…
UK to Join Indo-Pacific Trade Bloc in Biggest Trade Deal Since Brexit
Britain will join a vast free trade area of 11 countries spanning the Indo-Pacific region, Prime Minister Rishi Sunak has announced. The UK accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was formally confirmed in a call between Trade Secretary Kemi Badenoch and her counterparts from the group in the early hours…
Australia Dismisses Beijing’s Claim it ‘Playing With Fire’ for Taiwan Visit
Australian politicians have dismissed Beijing’s claims it is “playing with fire” and undermining efforts to repair Australia-China relations after a delegation of six bipartisan MPs arrived in Taiwan. The Global Times, a mouthpiece of the Chinese Communist Party (CCP), published an opinion article saying the visit will “cast a shadow” on Australia’s improving relationship with…
Australia Dismisses Beijing’s Claim it is ‘Playing With Fire’ for Taiwan Visit
Australian politicians have dismissed Beijing’s claims it is “playing with fire” and undermining efforts to repair Australia-China relations after a delegation of six bipartisan MPs arrived in Taiwan. The Global Times, a mouthpiece of the Chinese Communist Party (CCP), published an opinion article saying the visit will “cast a shadow” on Australia’s improving relationship with…
NZ and Australia Refuse to Comment on Taiwan Application to Trade Deal
The foreign ministers of New Zealand and Australia have refused to respond to questions over Taiwan’s application to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Speaking at a joint press conference in Canberra, Australian Foreign Minister Penny Wong and NZ Foreign Minister Nanaia Mahuta both refused to answer questions about Taiwan’s upcoming application, instead…
Beijing Requests for Help With Trade Pact Application Ignored by Australia
The Australian government has refused to respond to Beijing’s “repeated” requests to begin negotiations to join one of the world’s most extensive free-trade agreements. This is despite suggestions from Beijing that the current frosty relations between the two countries would improve if Australia backed its admission to the bloc. China’s ambassador to Australia, Xiao Qian…
New Zealand Launches Trade Dispute Against Canada
New Zealand has filed a trade dispute against Canada’s implementation of dairy tariff rate quotas, that sets how much dairy products are able to cross the border tariff-free. The proceedings are being filed under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the first of its kind. Trade Minister Damien O’Connor said on May…
Australian Parliament Committee Formally Backs Taiwan Over China for Pacific Trade Pact
An Australian parliamentary body has called for Taiwan to join the Trans-Pacific Partnership over China, issuing an ultimatum to the communist regime to end coercive trade measures and re-establish engagement with Australia before it can enter the trade bloc. Ted O’Brien, chair of the trade subcommittee of the Joint Standing Committee on Foreign Affairs, Defence,…
South Korea Applies To Join Pacific Trade Partnership, Reducing Trade Reliance On China
South Korea’s finance minister said the country would begin an application to join a massive Asia-Pacific free trade deal before the end of President Moon Jae-in’s term in office. The trade deal could boost South Korea’s multilateral trade within the region and reduce its import reliance on China. The “Comprehensive and Progressive Trans-Pacific Partnership Agreement”…
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