After months of charged rhetoric on the North American Free Trade Agreement (NAFTA), a draft letter to Congress from the Trump administration appears to signal a willingness for constructive engagement in renegotiating the agreement.
Donald Tusk rules out parallel talks – a key aim of Theresa May’s government – as he unveils draft EU negotiating guidelines. EU leaders have said there will be no talks on Britain’s future relationship with the bloc until the UK government makes “sufficient progress” on the Brexit divorce, including settling its bills and citizens’ rights.
Negotiators meeting to advance a planned EU-Mercosur Association Agreement, including a free trade deal, finished their 27th round of talks last Friday in Buenos Aires, Argentina.
In official visits to Australia and New Zealand over the past week, Chinese Premier Li Keqiang met with government and business leaders to discuss economic ties and cooperation, while outlining plans with his counterparts to begin upgrading their existing free trade agreements (FTAs) this year.
The EU and the Association of Southeast Asian Nations (ASEAN) are preparing to examine the prospect of re-launching talks for a region-to-region trade accord, nearly eight years after the original plans for such a project were put on hold.
The past week has seen a series of regional integration efforts continue among Asia-Pacific economies, including a two-day summit among the signatories of the Trans-Pacific Partnership (TPP) and select other countries in the Chilean city of Viña del Mar, as well as meetings of other groupings on expanding trade and financial ties.
Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), called on G-20 officials preparing to meet in the German city of Baden-Baden later this week to keep the “momentum” in supporting global growth.
Vietnam is seeking a trade deal with the United States to replace the Trans-Pacific Partnership (TPP) free trade agreement. Official media in Vietnam say Prime Minister Nguyen Xuan Phuc spoke to a delegation of American business people last week. He told them that he was ready to visit the United States.
On the third day of this presidency, Donald Trump signed an executive order formally withdrawing the U.S. from the Trans-Pacific Partnership (TPP), a trade agreement resulting from over five years of negotiations between 12 Asia-Pacific countries that proponents saw as a way for the U.S. to boost its economic and strategic engagement in Asia. In light of the U.S.
With the U.S. signaling a turn toward protectionism, nations that have benefited from global commerce, from Australia to Japan to Peru, are trying to pick up the free-trade mantle.