While its proponents boast that it will be the world’s biggest free-trade bloc, representing 30 percent of world GDP, hardly pointed out that China accounts for a huge chunk of this — 18.5 percent of the global economy.
It's often referred to by its acronym
has always been perceived by US analysis as a China-led free trade agreement that is 'a significant geopolitical win for China.' Another analyst pointed out: 'Although the agreement shall boost regional trade and stimulate economic growth, it is also indicative of a pivot to a more China-centric or Sino-centric trade in the region which could boost China's influence in the region.'Quite obviously, the fact that China with its 1.
, which it rushed to have ratified after the US in 2022 announced a so-called 'Indo-Pacific Economic Framework' that excluded China. members grew by 11.1 percent and 3.2 percent, respectively. China is deepening its trade with East Asia.Zubiri's press release quoted a 2021 study by three economists of the Philippine Institute on Development Studies that said participation in the
will impact our different industries.For my part, I really can't see which of our products can take advantage of zero tariffs in China, Japan and Korea. On the other hand, just going to a supermarket, one can conclude that China, Korea, and now even Vietnam, can wipe out in a free-trade arrangement our manufactured foods industry.We had to join
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China, ASEAN to intensify negotiations on South China Sea codeThe latest talks will take place against a backdrop of increased diplomatic protests against China from the Philippines, which has increased overtures to Western powers like the US and Australia to counter what it calls China’s 'aggressiveness.'
Baca lebih lajut »
China, Asean to intensify negotiations on South China Sea codeNegotiations on a code of conduct for the South China Sea will be intensified this year, Indonesian and Chinese officials said, as the region frets over China’s assertiveness in the strategic waterway. | Reuters
Baca lebih lajut »
PHL, Australia discuss joint patrols in South China Sea | Rene AcostaTHE Philippines and Australia are looking at the possibility of conducting joint patrols in the South China Sea as both countries worked to deepen their operational cooperation in the areas of defense and security. The idea of joint patrols was discussed on Wednesday during the meeting between Department of National…
Baca lebih lajut »
Australia, Philippines discuss joint patrols in South China Sea - BusinessWorld OnlineMANILA – Australian Defense Minister Richard Marles said on Wednesday he discussed with his Philippine counterpart pursuing joint patrols in the disputed South China Sea. Marles was speaking at a joint news conference with Philippines Defense Secretary Carlito Galvez after holding talks in Manila. “As countries which are committed to the global rules-based order, it is natural that we should […]
Baca lebih lajut »
PH-Australia eyes joint maritime patrol in South China SeaMANILA, Philippines — The Philippines and Australia are looking into joint maritime patrols in the South China Sea. The development was announced Wednesday after the bilateral meeting between
Baca lebih lajut »
PH, Australia eye joint patrols in South China SeaThe Philippines and Australia are mulling to conduct joint maritime patrol operations in the South China Sea (SCS) amid China’s aggression in the West Philippine Sea (WPS).
Baca lebih lajut »