TRADE BLOCS – ASIA

What world’s biggest trade deal means to Australia

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Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 6-Nov-19

The 15-nation Regional Comprehensive Economic Partnership will account for about 29 per cent of global GDP. Shiro Armstrong, from the Australian National University’s East Asian Bureau of Economic Research, says the trade deal will generate ‘incremental’ economic gains for Australia. Sectors such as education, professional services and manufacturing are amongst those that are expected to benefit from the trade deal.

CORPORATES
REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP, AUSTRALIAN NATIONAL UNIVERSITY. EAST ASIAN BUREAU OF ECONOMIC RESEARCH

World’s largest trade pact an enormous victory: Morrison

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 5-Nov-19

The Regional Comprehensive Economic Partnership will come into effect in 2020, after the leaders of the 15 participating nations agreed to the terms of the trade deal at the East Asia Summit in Bangkok. The RCEP will comprise members of the Association of Southeast Asian Nations plus Japan, China, South Korea, New Zealand and Australia. Prime Minister Scott Morrison has welcomed finalisation of the trade deal and indicated that India could still join the RCEP at a later date. The trade deal will comprise about 30 per cent of global GDP.

CORPORATES
REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP, EAST ASIA SUMMIT, ASSOCIATION OF SOUTH-EAST ASIAN NATIONS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

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

Surprise wins in TPP deal: Robb

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Original article by John Garnaut
The Australian Financial Review – Page: 1 & 4 : 27-Jul-15

Australia’s Trade Minister Andrew Robb is confident that a deal on the proposed Trans Pacific Partnership (TPP) will be finalised in the last week of July 2015, after five years of negotiations. Robb says the nation’s agricultural sector is set to benefit from the TPP, but he adds that the biggest beneficiaries could include service industries such as the legal and education sectors. Robb also expects the mining equipment and services sector to benefit from the deal.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, TRANS-PACIFIC PARTNERSHIP, WORLD TRADE ORGANIZATION, GENERAL AGREEMENT ON TARIFFS AND TRADE, NORTH AMERICAN FREE TRADE AGREEMENT, AUSTMINE LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, GEKKO SYSTEMS PTY LTD, ORICA LIMITED – ASX ORI, MONADELPHOUS GROUP LIMITED – ASX MND, AUSDRILL LIMITED – ASX ASL, AUSENCO LIMITED – ASX AAX, WORLEYPARSONS LIMITED – ASX WOR, SINCLAIR KNIGHT MERZ PTY LTD

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