Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Shock move? China applies to join Asia-Pacific trade pact

Published

on

A key Asia-Pacific trade pact will soon involve China, after the nation applied to join, as it attempts to strengthen its position in the region

The move comes the day after a historic security deal between the US, UK and Australia, known as AUKUS, was unveiled.

The pact that eventually became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), was created by the United States as a way to counter China’s influence.

However, former US President Donald Trump pulled America out of it in 2017.

Chinese commerce minister Wang Wentao confirmed that the world’s second largest economy submitted an official application to join the free trade agreement in a letter to New Zealand’s trade minister, Damien O’Connor.

New Zealand acts as the administrative centre for the pact

It’s understood that Mr Wang and Mr O’Connor later held a phone-conference to discuss the next steps following China’s application.

The original Trans-Pacific Partnership was promoted by then-President Barack Obama as an economic bloc to challenge China’s increasingly powerful position in the Asia Pacific.

Following Trump pulling the US out of the deal when he was President, Japan then led negotiations to create what became the CPTPP.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Will U.S. Speaker Mike Johnson be ousted?

Published

on

After six-months on the job–could Speaker Mike Johnson be ousted by his own party?

Republican Representative Marjorie Taylor Greene has been threatening to force a vote to oust Speaker Mike Johnson.

This comes as Democrats have pledged their support to save him–at least for now.

Matt Laslo, the Congressional Correspondent for Raw Story joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #politics #MikeJohnson #MarjorieTaylorGreene #Congress

Continue Reading

News

How Google’s Gemini AI will stand against cyber threats

Published

on

AI takes centre stage at the RSA 2024 conference with Google unveiling advanced cybersecurity integration.

Among the myriad of announcements at this years RSA Conference, Google showcased the integration of an advanced Threat Intelligence Platform into its Gemini AI framework.

Tom Finnigan from Talkingbrands.ai joins from the RSA Conference to discuss. #featured #trending

Continue Reading

Money

Will Australia’s foreign investment rule create an economic boost?

Published

on

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Continue Reading

Trending Now