INTERNATIONAL TRADE

Trump to abandon climate deal

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Original article by
The Australian – Page: 8 : 29-May-17

US President Donald Trump has advised via Twitter that he will decide whether to commit to the Paris Agreement on climate change in the next week. However, some news agencies have reported that Trump has told several confidants that the US will withdraw from the agreement. Meanwhile, the Group of Seven summit meeting in Italy has issued a statement in which member nations agreed to combat protectionism and unfair trade practices. The G7 nations also condemned North Korea’s missile tests and warned that the outlook for the global economy remains uncertain.

CORPORATES
GROUP OF SEVEN (G-7), UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Unions pressure Shorten on TPP

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Original article by Joanna Mather
The Australian Financial Review – Page: 4 : 18-Jan-17

Prime Minister Malcolm Turnbull believes that the Trans-Pacific Partnership trade deal can proceed without the US. However, Opposition Leader Bill Shorten has questioned why Turnbull is still supporting the TPP when it is unlikely to go ahead. ACTU president Ged Kearney has urged Shorten to state whether the Australian Labor Party will vote against the TPP legislation if it is put before Parliament. Shorten has only indicated that Labor will consider the bill.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TRANS-PACIFIC PARTNERSHIP, AUSTRALIAN LABOR PARTY, ACTU, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES)

Turnbull lashes Shorten for TPP stand

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Original article by Joe Kelly, Annabel Hepworth
The Australian – Page: 1 & 2 : 17-Jan-17

Federal Opposition Leader Bill Shorten will move to block a push to bring forward a parliamentary vote on ratification of the Trans-Pacific Partnership. Shorten argues that there is no point in proceeding with a vote on the TPP as the US will not ratify the 12-nation agreement under incoming President Donald Trump. Prime Minister Malcolm Turnbull has criticised Shorten’s stance and indicated that the TPP could potentially proceed without the US. The Greens also oppose the TPP.

CORPORATES
AUSTRALIAN LABOR PARTY, TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, NICK XENOPHON TEAM, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, JAPAN. OFFICE OF THE PRIME MINISTER, ASIA-PACIFIC ECONOMIC CO-OPERATION. BUSINESS ADVISORY COUNCIL, BUSINESS COUNCIL OF AUSTRALIA

Turnbull lashes Shorten for TPP stand

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Original article by Joe Kelly, Annabel Hepworth
The Australian – Page: 1 & 2 : 17-Jan-17

Federal Opposition Leader Bill Shorten will move to block a push to bring forward a parliamentary vote on ratification of the Trans-Pacific Partnership. Shorten argues that there is no point in proceeding with a vote on the TPP as the US will not ratify the 12-nation agreement under incoming President Donald Trump. Prime Minister Malcolm Turnbull has criticised Shorten’s stance and indicated that the TPP could potentially proceed without the US. The Greens also oppose the TPP.

CORPORATES
AUSTRALIAN LABOR PARTY, TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS, NICK XENOPHON TEAM, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, JAPAN. OFFICE OF THE PRIME MINISTER, ASIA-PACIFIC ECONOMIC CO-OPERATION. BUSINESS ADVISORY COUNCIL, BUSINESS COUNCIL OF AUSTRALIA

‘Stepping stone to growth’

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Original article by Phillip Coorey, John Kehoe
The Australian Financial Review – Page: 1 & 6 : 7-Oct-15

Australian businesses in a range of sectors will benefit from the Trans-Pacific Partnership, which will account for about 40 per cent of the global economy. Trade Minister Andrew Robb is hopeful that other nations will sign up to the Pacific Rim trade deal, after 12 nations reached agreement on the TPP on 6 October 2015. However, the trade deal must still be ratified by each nation, and there are concerns that it could be rejected by the US and Canadian legislatures.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABORATORY SERVICES PTY LTD, NATIONAL PARTY OF AUSTRALIA, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, DEMOCRATIC PARTY (UNITED STATES), REPUBLICAN PARTY (UNITED STATES), AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CHINA. MINISTRY OF COMMERCE

TPP deal is imminent, says Robb

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Original article by John Kehoe, Joanna Mather
The Australian Financial Review – Page: 4 : 28-Sep-15

Australia’s Trade Minister Andrew Robb is confident that an agreement on the Trans-Pacific Partnership will be secured shortly. Negotiations on the trade agreement will resume in the US on 30 September 2015, after talks stalled in July. Robb is hopeful that a number of outstanding issues concerning the trade deal can be resolved. Some 12 nations will join the TPP if a final agrement is reached.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, TRANS-PACIFIC PARTNERSHIP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, NATIONAL PARTY OF AUSTRALIA, THE BROOKINGS INSTITUTION, DEMOCRATIC PARTY (UNITED STATES)

TPP importance ‘modest’, says former WTO head

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Original article by Geoff Winestock
The Australian Financial Review – Page: 7 : 31-Jul-15

Pascal Lamy has downplayed the likely impact of the proposed Trans-Pacific Partnership (TPP) on the global economy. The former director-general of the World Trade Organization notes that the US seems reluctant to make any significant trade concessions as part of the TPP process. He also warns that the price of drugs will rise if the US succeeds in having patent protection for the pharmaceutical industry extended to 15 years.

CORPORATES
TRANS-PACIFIC PARTNERSHIP, WORLD TRADE ORGANIZATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BOAO FORUM FOR ASIA, NATIONAL PARTY OF AUSTRALIA, PHILIP MORRIS ASIA INCORPORATED

Business backs final push for TPP

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Original article by John Kerin
The Australian Financial Review – Page: 3 : 23-Oct-14

Australian business organisations have issued a joint statement in which they stress the importance of forming the Trans-Pacific Partnership. Trade ministers of 12 countries in the Asia Pacific region will discuss the matter at a meeting in Sydney, starting on 24 October 2014. The Business Council of Australia, the Australian chapter of the American Chamber of Commerce, and the US Chamber of Commerce say in the statement that the trade bloc will create jobs

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, AMERICAN CHAMBER OF COMMERCE AND TRADE, UNITED STATES CHAMBER OF COMMERCE, TRANS-PACIFIC PARTNERSHIP

Business says free up rules

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 6 : 15-Jul-14

The Business 20 (B20) summit will be staged in Sydney in the week starting 14 July 2014. B20 is a forum designed to help business leaders lobby the Australian Government as it prepares for the Group of 20 (G20) summit in Brisbane later in the year. The B20 delegates headed by Richard Goyder and Robert Milliner want the Government to use the G20 agenda as a tool for boosting economic growth. The focus will be on free trade, infrastructure investment and reduced regulation. The latter applies in particular to the banking sector

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), KPMG AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, FINANCIAL STABILITY BOARD, RESERVE BANK OF AUSTRALIA, LOWY INSTITUTE FOR INTERNATIONAL POLICY

Make or break for summit

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 4 : 14-Jul-14

The Business 20 (B20) forum will accompany the Group of 20 (G20) leaders’ summit in Australia in late 2014. A preparatory meeting of the B20 is being staged in mid-July, and the participants have set a new focus on financing growth, human capital, infrastructure and trade. Experts such as International Monetary Fund ex-deputy MD John Lipsky argue that the November summit will be crucial in setting the path for the G20 for years to come, and failure to achieve meaningful outcomes will be a major missed opportunity. They urge Prime Minister Tony Abbott to be forceful in setting the agenda

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, KPMG AUSTRALIA PTY LTD, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE TREASURY, INTERNATIONAL MONETARY FUND, WORLD TRADE ORGANIZATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, FINANCIAL STABILITY BOARD