* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, September 17, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

    Fall’s Hottest Ski Films Are Going on Tour—Here’s the List – yahoo.com

    Experience the Thrill: Fall’s Hottest Ski Films Hit the Road-Don’t Miss the Tour!

    Ryan Reynolds reveals he called a journalist who said mean things about John Candy – yahoo.com

    Ryan Reynolds Reveals the Moment He Stood Up to a Journalist Who Insulted John Candy

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Billion-dollar coffins? New technology could make oceans transparent and Aukus submarines vulnerable – The Guardian

    Billion-Dollar Coffins? How New Technology Could Make Oceans Transparent and Expose Submarines

    What if artificial intelligence is just a “normal” technology? – The Economist

    What if artificial intelligence is just a “normal” technology? – The Economist

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Analysis-Biggest hurdles to China entry into trans-Pacific trade pact are political

July 31, 2023
in Business
Analysis-Biggest hurdles to China entry into trans-Pacific trade pact are political
Share on FacebookShare on Twitter

2/2

Analysis-Biggest hurdles to China entry into trans-Pacific trade pact are political
© Reuters. FILE PHOTO: New Zealand Prime Minister Chris Hipkins poses for a picture with Japanese Minister of Economic and Fiscal Policy Shigeyuki Goto, New Zealand’s Minister for Trade and Export Growth Damien O’Connor, British Secretary of State for Business and

2/2

By Lucy Craymer and Joe Cash

AUCKLAND/BEIJING (Reuters) – China should be able to meet standards set out in a major trans-Pacific trade pact, trade experts say, forcing members to make a politically uncomfortable decision on whether to let Beijing join a deal created to counter its growing influence.

Britain joined the Comprehensive Progressive Trans-Pacific Partnership (CPTPP) at a meeting in Auckland this month just over two years after its application, clearing the way for members to consider others from China, Taiwan, Ukraine, Costa Rica, Uruguay and Ecuador.

China’s application, by far the biggest economy, is next in line if they are dealt with in the order they were received, although that is not a given.

When asked whether there was a time frame for when the next applications would be considered, CPTPP host nation New Zealand’s Trade Minister Damien O’Connor said: “No.”

The free trade agreement has its roots in the U.S.-backed Trans-Pacific Partnership, developed in part to counter China’s growing economic dominance. The U.S. pulled out under President Donald Trump and it was reborn as the CPTPP with members including close U.S. allies Japan, Australia and Canada.

China wants to be part of the CPTTP because the ruling Communist Party places a lot of stock in its economic performance, which has suffered recently due to various trade restrictions, and because it sees the bloc’s high accession requirements as fresh impetus for economic reform at home, analysts say.

The absence of the world’s largest economy incentivises China to meet the high entry requirements as “the hidden motive” for Beijing is to “defeat the scheme by the U.S. to use the CPTPP as a way to contain China,” said Henry Gao, a law professor at Singapore Management University.

A Chinese Ministry of Foreign Affairs spokesperson said its application was in line with efforts to deepen reform and expand trade cooperation with other countries.

TECHNICAL HURDLES

The CPTPP requires countries to eliminate or significantly reduce tariffs, make strong commitments to opening services and investment markets and has rules around competition, intellectual property (IP) rights and protections for foreign companies.

“The conventional wisdom is… that ‘Oh well, it’s too high level and China with its state-owned enterprises (SOE) couldn’t get into that agreement. So therefore it’s not going to happen.’ I think that is completely wrong,” Tim Groser, a former New Zealand trade minister and chief trade negotiator said.

He said there was a desire by at least some in China to use the agreement to drive reform such as in SOEs.

However, China offers SOEs subsidies and could struggle to meet the requirement to be an open and market-driven economy. And while IP rights are improving, there continue to be high-profile cases of IP theft from Western companies.

The CPTPP also has a focus on digital trade and prohibits forcing foreign companies to store local data in country – for example, in China. Beijing’s data sovereignty laws have only become tighter in recent years.

“If a country’s economies rules are really quite far apart from what CPTPP says, then inevitably there’s quite a big question about whether they could undertake really, really massive reforms,” said Graham Zebedee, Britain’s CPTPP chief trade negotiator, without commenting specifically about China’s application.

Trade experts noted the pact does have exemptions, such as protections for national security, and China showed it could liberalise when it joined the World Trade Organization.

“The CPTPP is important for us. Not because it’ll be easy but exactly because it will be difficult and tough,” China’s Ambassador to New Zealand Wang Xiaolong said in a recent speech. He said potential accession was an “impetus to the domestic reforms” that would be undertaken.

SHADOW OF POLITICS

Ultimately the decision will be political rather than technical, because a deal to allow a new entrant must be agreed upon by all members. Australia, for example, has said it would not endorse China’s application while Beijing continues to block the import of Australian goods including wine and barley.

Furthermore, the U.S., Australia, Britain, Canada, Japan, and New Zealand last month signed a statement condemning economic coercion that was widely seen as referring to China’s behaviour at a time when many countries are looking to lessen supply chains’ reliance on Beijing.

Hopes also remain that the U.S. might reconsider its early CPTPP withdrawal, creating a dilemma for signatories given their veto power and the risk China, if admitted, could block a future U.S. entry.

“I think Japan, Australia, Canada and Mexico, they have to all act on their own. The U.S. walked away, so they shouldn’t really try to restrict others to talk with other partners,” said Wang Huiyao, president of the Center for China and Globalization think tank and a former member of the Chinese People’s Political Consultative Conference political advisory body.

When asked if the U.S. would reconsider joining the CPTPP, U.S. Secretary of State Antony Blinken told reporters in Wellington last week it is focused for now on the Indo-Pacific Economic Framework, which aims to improve supply chains and business conduct but is not a free trade agreement.

China has backed a rival Asia-Pacific trade pact called the Regional Comprehensive Economic Partnership (RCEP), which excludes the U.S. and involves cutting tariffs rather than opening up economies and dictating labour and environmental standards as the CPTPP does.

For CPTPP members, China’s application is not the only political dilemma. Taiwan is also seeking to join the pact, in a move opposed by China that member trade negotiators remain unsure about.

“It’s a consensus. So ultimately it depends on what everyone decides at the table,” said Natalie Black, Britain’s trade commissioner for Asia Pacific.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/world-news/analysisbiggest-hurdles-to-china-entry-into-transpacific-trade-pact-are-political-3138571

Tags: Analysis-Biggestbusinesshurdles
Previous Post

Philippines central bank sees July inflation easing for sixth month

Next Post

Number of complaints about money lenders spikes by 25 percent in past year

Torch Lake faces ecological challenges from invasive Quagga Mussels – WPBN

Torch Lake Fights Back Against the Growing Threat of Invasive Quagga Mussels

September 17, 2025
New Data Science Minor Prepares Students for Data-Driven World – CSUF News

Unlock Your Potential with the Exciting New Data Science Minor Designed for a Data-Driven Future

September 17, 2025
Miami University’s Cleveland Clinic Health Sciences and Wellness facility. – Cleveland Clinic Newsroom

Explore Miami University’s Exciting New Cleveland Clinic Health Sciences and Wellness Center

September 17, 2025
This Is The Most Popular Soup In The U.S. Right Now—And It’s A Fall Classic – yahoo.com

This Fall’s Most Beloved Soup Is Taking the U.S. by Storm

September 17, 2025
City IT presented Best of North Carolina Technology Award – RaleighNC.gov

City IT Honored with Best of North Carolina Technology Award

September 17, 2025

Lillie C. Ainscough – altoonamirror.com

September 17, 2025
World Athletics Championships: Faith Kipyegon storms to historic fourth 1500m title in Tokyo – BBC

Faith Kipyegon Makes History with Stunning Fourth 1500m Title at World Athletics Championships in Tokyo

September 17, 2025
What Jamie Dimon and other bank CEOs are saying about the economy – Quartz

What Jamie Dimon and Leading Bank CEOs Are Unveiling About the Future of the Economy

September 17, 2025
PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

PENN Entertainment Stock Rated a Market Outperformer by Experts

September 16, 2025
While Michigan sees improvements in childhood health, education outcomes raise concerns – Michigan Advance

Michigan Makes Strides in Childhood Health, But Education Outcomes Spark Concern

September 16, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (823)
  • Economy (842)
  • Entertainment (21,721)
  • General (17,081)
  • Health (9,887)
  • Lifestyle (857)
  • News (22,149)
  • People (847)
  • Politics (852)
  • Science (16,054)
  • Sports (21,343)
  • Technology (15,825)
  • World (826)

Recent News

Torch Lake faces ecological challenges from invasive Quagga Mussels – WPBN

Torch Lake Fights Back Against the Growing Threat of Invasive Quagga Mussels

September 17, 2025
New Data Science Minor Prepares Students for Data-Driven World – CSUF News

Unlock Your Potential with the Exciting New Data Science Minor Designed for a Data-Driven Future

September 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version