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Your email address will not be published.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 *

Leaders

Commercial real estate targeted for producing 40% of global emissions

Published

on

Commercial real estate contributes significantly to global emissions, with reports suggesting it makes up to 40% of the total – so is there a solution in sight?

Global strategies are setting out to transform this impact by promoting the development of sustainable buildings.

As climate change continues to be a pressing global issue, the commercial real estate sector must pivot towards more eco-friendly solutions.

One of the most impactful actions that can be taken to mitigate the environmental impact of commercial real estate is the implementation of building automation systems.

Louise Monger, Vice President, Digital Buildings of Schneider Electric, joins to share her key insights into the issue. #featured

Continue Reading

Leaders

Australia’s electricity grid faces an urgent overhaul as consumption dramatically doubles

Published

on

By 2050, AEMO has predicted that Australia’s electricity use will double due to renewable energy and electrification, prompting a necessary overhaul of the country’s aging power grid.

The adoption of renewable energy sources and electrification is set to double Australia’s electricity consumption by 2050.

The fast-adoption has created an urgent need for reconfiguration and enhancement of the nation’s century-old electricity grid.

James Hunt, Pacific Vice President of Power Systems and Services of Schneider Electric joins to discuss. #featured

Continue Reading

News

House of the Dragon season 2 profits despite review scores

Published

on

Viewership Surge: 1 Million Revisit “House of the Dragon” Ahead of Season 2.

 

HBO took a big bet on its “Game of Thrones” spin-off, with one million people rewatching the first season of “House of the Dragon” in the days leading up to the Season 2 premiere, according to Warner Bros. Discovery. However, not all reviews have been glowing. #featured #trending

Continue Reading

Trending Now