News

Asia pushes forward to take lead in free trade and globalization

Since the end of WWII, the world economies have seen a solid 70 years of economic growth and prosperity under a world system that encourages free trade and globalization. Although growth was disproportionate and not every country could maximize the benefits from the free global trading system, every country was progressing in a peaceful environment other than those being bogged down by wars.

  • China, Australia show how free trade works for mutual gains

    In the new global realities that seem to be tilting towards protectionism and anti-globalization, China and Australia offer a perfect example of how free trade does not lead to tit-for-tat combat, but generates handsome gains for both

  • China FTA review should ditch controversial clause

    “The Australian and Chinese governments’ announcement of a review of the Investment Facilitation Memorandum of Understanding attached to the China-Australia free trade agreement should result in the MOU’s cancellation,“ AFTINET convener Doctor Patricia Ranald said today

  • Barnier: EU Wants Brexit Deal With UK

    The EU's chief Brexit negotiator, Michael Barnier, has said that the EU27 wants to reach a deal with the UK on its "orderly withdrawal" that prepares "the way for a new partnership" and free trade agreement (FTA).

  • Vietnam, Singapore pledge to promote free trade

    Vietnam and Singapore pledged here Thursday to boost free trade, and continue joining regional initiatives including ASEAN Economic Community (AEC), Regional Comprehensive Economic Partnership (RCEP), and Free Trade Area of the Asia-Pacific (FTAAP).

  • New Zealand: PM wants 90% of exports under free trade deals

    New Zealand is looking at deals including with the Gulf States, the European Union and eventually the United Kingdom

  • Australia, China to boost trade with beef making the cut

    Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday.

  • ASEAN finds free trade a tougher sell in today's environment

    ASEAN's 10 members have fashioned a single market and liberalized trade with Japan, the U.S., Europe, India and Australia. But the U.S., long the standard-bearer for free trade, has turned inward with the advent of the Trump administration. The latest G-20 statement has underlined ASEAN's fears.

  • EU, Japan Making Headway On FTA

    European Commission President Jean-Claude Juncker has said he is confident that the EU and Japan will reach a deal on a free trade agreement this year.