CPTPP

The Impact Of The RCEP On The European Union

The 15 November agreement to form the Regional Comprehensive Economic Partnership (RCEP) between the 10 members of ASEAN and Australia, China, Japan, Korea and New Zealand has only modest immediate economic effects for the European Union (EU).  However, with China playing a central role in the new arrangement, the long-term strategic and geopolitical implications are major.

23 November 2020
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China Mulls Joining Trade Pact Dumped By Trump

China will consider joining a free trade pact once championed by the United States (US) but abandoned by Donald Trump, President Xi Jinping said last Friday, as Beijing increasingly seeks to influence the global rules of commerce.The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is an updated version of a giant deal originally backed by former US president Barack Obama as an effort to counter China's rising might in Asia. Trump pulled out of it af

23 November 2020
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Canada wants more trade with ASEAN

Is an ASEAN-Canada Free Trade Agreement (FTA) on the cards?The idea which was first proposed in 2016, was one of many on the agenda during the 16th ASEAN-Canada Dialogue in Canada’s capital, Ottawa, last month.

6 April 2019
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India seeks better trade, connectivity with ASEAN

India is hoping that better connectivity will help boost trade ties with ASEAN and decrease its trade deficit with the 10-member bloc.ASEAN is India’s second largest trading partner after China and total bilateral trade between ASEAN and India reached US$81.3 billion last year – an increase of more than 28 times the US$2.9 billion recorded in 1993.Bilateral trade between the two parties was US$21 billion in 2005-06, and although it has increased nearly fourfold since then, the ASEAN-India Fre

26 February 2019
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How The CPTPP Could Widen Inequality

On 8 March 2018 in Santiago, Chile, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was formally signed. The trade agreement was signed by 11 countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam – making it the third largest free trade area in the world by gross domestic product (GDP) after the North American Free Trade Agreement (NAFTA) and European Single Market.

20 February 2019
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Vietnam to reach new heights in 2019

2018 was a great year for Vietnam’s economy.The country’s business environment grew tremendously at the start of the year with over 26,000 new enterprises established. In addition to that, the government there highlighted that foreign direct investment (FDI) disbursement reached over US$3.8 billion in the first three months of the year, up 7.2 percent from 2017.

3 January 2019
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Regional trade deal to be concluded by November

Negotiations for the Regional Comprehensive Economic Partnership (RCEP) are now at a “critical stage” with a conclusion “finally in sight,” Singaporean Prime Minister Lee Hsien Loong said last weekend.

4 September 2018
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What to make of Indonesia’s consideration to join the TPP-11?

When former president of the United States (US), Barack Obama mooted the idea of the Trans Pacific Partnership (TPP) to Indonesia’s president, Joko Widodo in 2015, the latter opted for a ‘wait and see’ approach. He expressed his opinion to the architect of the “Pivot to Asia” that the largest economy in Southeast Asia will only join upon the ratification and implementation of the deal by all its current members.

24 April 2018
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How will the CPTPP pan out for ASEAN?

Despite the United States withdrawing from the TPP (Trans-Pacific Partnership Agreement), ASEAN countries will still largely benefit from the revamped version of the agreement. Now known as the ‘Comprehensive and Progressive Agreement for Trans-Pacific Partnership’ (CPTPP), the remaining 11 participating countries will include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

26 January 2018
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