FREE TRADE – PACIFIC AREA

Trade win after Pacific deal sealed

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 24-Jan-18

Canada has agreed to become a member of the Trans-Pacific Partnership, with the 11-nation regional trade pact expected to be formally signed in March. Australia’s Trade Minister Steve Ciobo says the majority of tariffs currently imposed by TPP member nations will be scrapped under the new trade deal. The future of the TPP has been in doubt since US President Donald Trump withdrew from it, while Canada’s participation has been uncertain.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, CANADA. OFFICE OF THE PRIME MINISTER, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, WORLD ECONOMIC FORUM, ASIA-PACIFIC ECONOMIC CO-OPERATION, GROUP OF TWENTY (G-20)

China, Australia to push for new trade bloc

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Original article by Lisa Murray
The Australian Financial Review – Page: 1 & 5 : 15-Nov-16

The Chinese Government hopes the demise of the proposed 12-nation Trans-Pacific Partnership will provide the impetus to proceed with the Free Trade Area of the Asia Pacific. China has been advocating the FTAAP trade bloc as an alternative to the TPP since 2014, as the nation was not a participant in the TPP. Australia also supports the FTAAP, according to Trade Minister Steve Ciobo. A regional trade agreement is likely to be on the agenda for the upcoming Asia Pacific Economic Co-operation summit meeting in Peru.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, FREE TRADE AREA OF THE ASIA PACIFIC, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, ASIA-PACIFIC ECONOMIC CO-OPERATION, AUSTRALIAN NATIONAL UNIVERSITY. EAST ASIAN BUREAU OF ECONOMIC RESEARCH, AUSTRALIAN LABOR PARTY, RMIT UNIVERSITY, CHINA INSTITUTE OF INTERNATIONAL STUDIES