The Trump administration’s stances on the TPP in April probably established an all-time record for policy U-turns. The TPP’s major members, though, made real progress with the EU
Activists continue to investigate what lies behind the Trump Administration’s inactivity over its promises on China.
Canada launched a website on March 10 to carry a consultation exercise with its citizens about a possible free trade agreement with China.
Before a March 14-15 meeting in Chile planned to review next steps after US withdrawal from the TPP, other negotiating partners – plus China, Korea and Colombia – shared views on future possibilities.
“China must be ready to face [the] growing trend of protectionism” said its Premier Li Keqiang on March 5.
US critics link another broken Trump trade promise to Trump administration corruption. Possibly inaccurately
For the second time in a week, US critics have accused the Trump administration of corrupt motives for dishonouring pre-election trade promises.
On March 7, the European Union Chamber of Commerce in China attacked the likelihood of “increased state intervention” in China’s ten year plan to cut imports.
Fast Retailing published its “core supplier list” on February 28. The list includes 146 suppliers in Bangladesh, Cambodia, China, Indonesia and Vietnam, but no indication of how the company defines “core”, or what kind of supplier relations have not been disclosed.
China’s textile mills have worked off cotton inventory in the hope of picking up lower-priced fibre at the government’s annual auction of state reserves, which starts March 6
Shujiro Urata, a fellow of the Japan Centre for Economic Research and a former economist at the World Bank, said on February 28 that China has been unable to “contribute constructively” to the past five years’ Regional Comprehensive Economic Partnership (RCEP) talks and would be unable to accept some key TPP chapters.
The seventeenth round of talks between the sixteen countries currently interested in developing the Pacific-based Regional Comprehensive Economic Partnership (RCEP) began in Kobe, Japan on February 27.
Although in January Donald Trump summarised his objectives as “Buy American, hire American”, major policy priority summaries now almost ignore trade programmes.
The speed the sourcing environment’s changing, you’d think this is a good time for a new strategy. You’d be wrong.
A study by Euromonitor calculates that average wages in China are now higher than in every Latin American country except Chile. They are now five times higher than in India.