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Business / Trade in Oceania

  • Vanuatu and New Caledonia meet to discuss development relationship

    VANUATU, 2017/07/20 The Governments of New Caledonia and Vanuatu are conference as they do annually. Their venue is the National Convention Centre in Port Vila. The Vanuatu Prime Minister and the President of the New Caledonian Government are conducting the bilateral conference to discuss development assistance between the two nations. Radio Vanuatu News did not mention if the issue of Matthew and Hunter islands was on the schedule. Vanuatu has enjoyed a fruitful relationship with the people of the New Caledonia in terms of economic resources, political support, social funding and human resources, the Prime Minister said. He observed that that relationship should continue between the two nations.

  • Is the TPP a sleeping beauty or an organ donor?

    CANADA, 2017/06/27 Will the work that went into negotiating the Trans-Pacific Partnership (TPP) go to waste? There are two approaches the remaining members can take. Useful parts of the TPP can be uplifted and transplanted into other agreements. Or the trade agreement can be seen as a sleeping beauty — or better from presently on, a modern woman who needs no prince but who will wake up and get on with it. The TPP cannot be revived as drafted. The agreement cannot come into force unless ratified within two years by economies that constitute 85 % of the total GDP of the 12 members. This makes ratification by the United States and Japan indispensable. While President Trump is not noted for consistency of purpose, the prospect that he will not only reverse his stance on the TPP but as well fasten Congressional approval within two years is surely nil.

  • The next chapter for the Trans-Pacific Partnership

    BRUNEI , 2017/06/27 The next of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement. The TPP was the economic arm of President Obama’s pivot to Asia. It was as well supposed to set the rules and standards of trade in Asia and for the world. It is no amaze again, that some of the remaining 11 members of the TPP are trying to save the agreement even without US participation. A lot of political capital was expended in negotiating the TPP and nations are looking for ways to maintain the momentum of economic integration.

  • Hong Kong SAR, Australia announce official launch of FTA negotiation

    CHINA, 2017/06/20 AUSTRALIA and China's Hong Kong Appropriate Administrative Region (SAR) on Tuesday announced the official launch of the Free Trade Agreement (FTA) negotiation. The announcement was jointly made here by Secretary for Commerce and Economic Development of the Government of the Hong Kong SAR Gregory So Kam-Leung and Australia's Minister for Trade, Tourism and Investment Steven Ciobo.

  • The thriving Australia–India partnership

    INDIA, 2017/04/29 Despite its enormous potential, the India–Australia partnership had remained low key for a long time. But since 2014 the two nations have instilled a new dynamism in their relations. Australian Prime Minister Malcolm Turnbull’s visit to India from 9–12 April carried a great transaction of significance for the flourishing bilateral partnership. Though it was his initial visit to India, he and Prime Minister Narendra Modi had met on the sidelines of the G20 conference held in China in September 2016.

  • G20 consensus on free trade

    EUROPE, 2017/04/27   The Mercury24 Apr 2017Xinhua

  • The New Truth About Free Trade

    UNITED STATES, 2016/03/20 I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The old-style trade agreements of the 1960s and 1970s increased worldwide request for products made by American workers, and thereby helped push up American wages. The new-style agreements increase worldwide request for products made by American corporations all over the world, enhancing corporate and financial profits but keeping American wages down.The fact is, recent trade deals are less about trade and additional about world investment .

  • The Chinese elephant in Australia–Japan relations

    CHINA, 2016/03/04 Before this month, Foreign Minister Julie Bishop visited Tokyo, where she outlined an increasing emphasis on security cooperation between Japan and Australia. The next day she was in Beijing, where she reportedly received a frosty reception. The two are not unrelated — Beijing is not thrilled about Australia’s growing security ties with Japan. Because Australia is concerned about China’s increasing assertiveness in the region, but at the same time benefits from China economically, we find ourselves in somewhat of a foreign policy pickle. In this very complex situation, it is critical that Australian policymakers respond with both immediate and long-term outcomes in mind. To understand the long-term implications for Australia’s interests of policies drawing Japan and Australia closer together, we need to understand how Chinese policymakers view the world and China’s role within it.

  • Australia Business Confidence December 2015

    AUSTRALIA, 2016/01/28 he business sentiment index published by the National Australia Bank (NAB) fell from five points in November to three points in December. Despite of the monthly decrease, the indicator is still above the 0-point threshold, which means that Australian businesses are optimistic regarding economic conditions in the coming months. Although the index weakened, The NAB felt that the decrease was not significant enough to show a fundamental deterioration in business confidence. The Bank elaborated that external conditions, inclunding the slowdown in China and a wider pessimistic outlook of the world economy, weighed on business confidence in December.

  • The Trans Pacific Partnership Agreement (TPPA)

    AMERICAS, 2015/12/16 Following nearly eight years of negotiations, 12 Pacific Rim nations – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam – have agreed to take part in the Trans-Pacific Partnership Agreement (TPPA), a sweeping trade transaction that affects some 40 % of the world economy. The International Movement for a Just World (JUST) has closely monitored the TPPA throughout the negotiation period and regards several aspects of the draft text as deeply troubling from the perspective of regional stability, economic feasibility, social justice, and national sovereignty. While advocates of the transaction have attempted to allay public criticism, there is a need to reaffirm concerns shared by wide segments of society across all the participating nations. The TPPA aims to enforce a common regulatory framework structured around the norms of American trade policies that govern rules for tariffs and trade disputes, patents and intellectual property, foreign investment , and other areas such as environmental regulations and internet governance.
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