The Australian Joint Standing Committee on Treaties (JSCOT) issued its report on the Trans-Pacific Partnership (TPP) Agreement to the country’s parliament last week, recommending that Canberra ratify the accord.
EU Trade Commissioner Cecilia Malmström affirmed this week that the 28-member bloc is “very close” to finalising talks for a bilateral free trade agreement with Japan, following nearly four years of negotiations to date.
There has been much focus on the North American Free Trade Agreement (NAFTA) and free trade agreements in general, especially in the U.S. during the recent presidential election. With the recently elected Trump, the world waits to see how trade will look with the USA.
President-elect Donald Trump confirmed on November 21, 2016 that he would withdraw from the Trans-Pacific Partnership (TPP) on day one of his administration. Opposition to the TPP was a central theme of Trump’s campaign; he called the TPP a “disaster” and vowed to rip it up when he took office.
Brussels is “very close” to a free-trade deal with Japan as negotiators seek to ease anxiety in Tokyo that an agreement could run into the same kind of political trouble that nearly took down the EU-Canada trade pact.
RCEP is a necessary step for Asian regional integration, regardless of what happens with TPP.
New Zealand Prime Minister John Key said last week that China and New Zealand had agreed to launch talks to upgrade their free trade agreement (FTA). This would be the first time for China to upgrade an FTA with a Western country at a higher standard and the move marks great breakthroughs.
The next stage in the approval process for the EU-Canada trade pact is now getting underway, officials say, with parliamentary committees in Europe preparing to vote on the accord in the coming weeks. On the other side of the Atlantic, the deal has already been tabled in the Canadian parliament for legislative consideration.
Six years ago it took almost three weeks for a shipping container to travel the 1,100km from the Kenyan port of Mombasa to Kampala, the Ugandan capital. While poor infrastructure did not help, the delays were largely down to the myriad layers of red tape between the two countries. Now that journey is regularly done is seven days.
Mexico's finance minister José Antonio Meade touted the benefits of the North American Free Trade Agreement during a trip to the United Kingdom, the Financial Times reported Monday. NAFTA is currently on the chopping block for either renegotiation or withdrawal during President-elect Donald Trump's first 100 days, Trump has said.