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☆ The Jamie Dimon manifesto
▼ + stars: | 2024-04-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The 2023 shareholder letter from JPMorgan Chase CEO Jamie Dimon is chock full of policy ideas. Jamie Dimon, the billionaire CEO of JPMorgan Chase, outlined some of the biggest issues facing the company, the country, and the world in his 2023 annual shareholder letter. But he says that the US needs to flex its other muscles of power — economic policy, diplomacy, and intelligence — beyond military strength. Dimon points to the growth in wage inequality, saying that "wrong" policy falls disproportionately on the backs of lower-earning Americans. Dimon previously said that taxes on the wealthy could help offset the costs of bolstering the EITC.

Persons: Jamie Dimon, —, JPMorgan Chase, who's, Dimon, Oppenheimer, Donald Trump Organizations: JPMorgan Chase, Service, JPMorgan, US, Ukraine, Woods, Monetary Fund, American Locations: Ukraine, China

☆ Trump will probably kill IPEF on Day 1 of presidency: Deborah Elms
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump will probably kill IPEF on Day 1 of his presidency: Hinrich FoundationDeborah Elms, head of trade policy at Hinrich Foundation, says as former U.S. President Donald Trump already killed the Trans-Pacific Partnership on the first day of his presidency, "I suspect he will do something similar for IPEF" if he becomes president again.

Persons: IPEF, Hinrich, Deborah Elms, Donald Trump Organizations: Trump, Foundation, Pacific

☆ Britain to Launch South Korea Trade Talks During Yoon Visit
▼ + stars: | 2023-11-20 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

LONDON (Reuters) -Britain and South Korea will launch negotiations on a new free trade agreement (FTA) and sign a new diplomatic accord during a state visit by South Korean President Yoon Suk Yeol this week, Prime Minister Rishi Sunak's office said on Monday. The Downing Street accord will see the countries agree to work closely on areas such as semiconductors - which South Korea is a major producer of - and artificial intelligence. Speaking to members of the South Korean community, Yoon said South Korea and Britain are partners that share universal values of freedom, human rights and rule of law, and form an economic community through trade, Yonhap news reported. The talks on a new trade deal will aim to replace the carry-over trade deal from when Britain left the European Union, which was based on replicating a deal with the EU from 2011 and reduced tariffs in a range of areas. Britain said it hoped a new trade deal would pave the way for increased digital trade and streamline currently complex procedures, and have a new rules of origin chapter.

Persons: Yoon Suk, Rishi Sunak's, Yoon's, King Charles, Charles, Yoon, Sunak, Alistair Smout, Josh Smith, Alistair Bell, Stephen Coates Organizations: South, Britain, Accord, European Union, Trans, Pacific Partnership Locations: Britain, South Korea, Downing, Korea, London, cybersecurity, United States, China, Japan, Seoul

☆ Britain to launch South Korea trade talks as president visits
▼ + stars: | 2023-11-20 | by ( Alistair Smout | ) www.reuters.com time to read: +4 min

King Charles greeted President Yoon Suk Yeol with a royal guard of honour following his arrival in London, and then rode with him by carriage to Buckingham Palace. He will hold talks with British Prime Minister Rishi Sunak on Wednesday, and sign an accord on closer diplomatic ties. Under the accord, the countries will agree to work closely on areas such as semiconductors - of which South Korea is an important producer - and artificial intelligence. [1/4]Members of the Royal Air Force (RAF) welcome South Korean President Yoon Suk Yeol and his wife Kim Keon Hee, as they arrive at Stansted Airport, near London, Britain, November 20, 2023. "REFRESHED, MODERNISED DEAL"Under Yoon, South Korea has focused on strengthening economic, political, and military ties with the U.S. while seeking to maintain trade with China and working to overcome historical disputes with Japan.

Persons: Yoon, King Charles Yoon, King Charles, Yoon Suk, Rishi Sunak, Sunak, Yoon Suk Yeol, Kim Keon Hee, Toby Melville, David Beckham, Son Heung Min, Kemi Badenoch, Alistair Smout, Kylie MacLellan, Sarah Young, Josh Smith, Alistair Bell, Stephen Coates, Timothy Heritage, David Gregorio Our Organizations: LONDON, British, Accord, Trade, Downing, North, Royal Air Force, South, Stansted Airport, REUTERS, Trans, Pacific Partnership, European Union, Thomson Locations: Britain, Korea, London, Buckingham, United Kingdom, Downing, South Korea, North Korea, U.S, China, Japan, Seoul

☆ Trump vows to kill Asia trade deal being pursued by Biden if elected
▼ + stars: | 2023-11-19 | by ( Nathan Layne | ) www.reuters.com time to read: +2 min

Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses. Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office. The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation (APEC) meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. Reporting by Nathan Layne in Fort Dodge, Iowa; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Shannon Stapleton, Joe Biden, Trump, Biden, Nathan Layne, Chizu Organizations: U.S, Trump Organization, Court, REUTERS, Republican, Economic, Pacific, Economic Cooperation, Thomson Locations: New York, Manhattan, New York City, U.S, DODGE , Iowa, Pacific, Iowa, Vietnam, Indonesia, Fort Dodge, Des Moines, Asia, Fort Dodge , Iowa

☆ US, Indo-Pacific partners need to 'recalibrate' trade talks -USTR's Bianchi
▼ + stars: | 2023-11-17 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"We’ve got to recalibrate in the new year with our partners," Bianchi said in an interview on the sidelines of the Asia Pacific Economic Cooperation summit in San Francisco. USTR said later in a statement that it was seeing progress in the trade negotiations on trade facilitation, agriculture, technical assistance and economic cooperation. Senator Sherrod Brown, a Democrat facing a tough re-election fight in the industrial state of Ohio, last week demanded that Biden drop the trade pillar from the Indo-Pacific initiative. Brown on Wednesday claimed responsibility for the stalling IPEF trade pillar by insisting on enforceable labor provisions. Bianchi said some of the other 12 IPEF countries in the trade talks "prefer a different approach" on labor and environment chapters, but they support continued negotiations on trade.

Persons: Carlos Barria, Sarah Bianchi, We’ve, Bianchi, USTR, Joe Biden, Sherrod Brown, Biden, Brown, David Lawder, David Gregorio, Raju Gopalakrishnan Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Economic, U.S . Trade, Reuters, Asia Pacific Economic Cooperation, Pacific Partnership, Democrat, U.S ., Partners, Thomson Locations: Asia, Pacific, San Francisco , California, U.S, San Francisco, Ohio, Vietnam, Indonesia, Canada, Mexico

☆ Analysis-Indo-Pacific Trade Deal Prospects Dim as 2024 US Election Year Politics Loom
▼ + stars: | 2023-11-17 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +4 min

By David LawderSAN FRANCISCO (Reuters) - The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. Deputy U.S. Trade Representative Sarah Bianchi told Reuters that IPEF partners will "recalibrate" the trade talks in 2024. But it gets harder from here, said Wendy Cutler, the former chief USTR negotiator on the Trans-Pacific Partnership trade deal with many of the same countries. "Until they do that, the trade pillar will be a tough nut to crack." The Biden administration launched negotiations in September 2022, leaving an impossibly tight deadline ahead of the APEC summit, according to some trade experts.

Persons: David Lawder, Biden, Sarah Bianchi, Wendy Cutler, TPP, Donald Trump's, Cutler, They're, Sherrod Brown, Jake Colvin, Colvin, Lori Wallach, Xi Jinping, Don Durfee, Josie Kao Organizations: FRANCISCO, Reuters, Economic, Economic Cooperation, U.S . Trade, Pacific Partnership, Asia Society Policy Center, APEC, Democratic, National Foreign Trade Council, Trans, Pacific Locations: Asia, Vietnam, Indonesia, Donald Trump's U.S, San Francisco, China

☆ Trans-Pacific trade deal members meet at APEC summit, say open to new members
▼ + stars: | 2023-11-16 | by ( David Lawder | ) www.reuters.com time to read: +2 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. The lack of an IPEF trade deal is a setback for the Biden administration. The CPTPP is the successor to the Trans-Pacific Partnership free trade deal, from which former President Donald Trump withdrew as soon as he took office in 2017. The CPTPP meeting on the sidelines of the APEC leaders' summit was the first ministerial to include new member Britain, which signed up to the trade bloc in July. The current CPTPP members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Vietnam.

Persons: Carlos Barria, Biden, Donald Trump, CPTPP, David Lawder, Lincoln Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Trans, Pacific, U.S, Economic, Pacific Partnership, Britain, Thomson Locations: Asia, Pacific, San Francisco , California, States, San Francisco, Taiwan, Costa Rica, Ecuador, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United Kingdom, Vietnam

"We will continue working to better facilitate high-standard trade that advances workers' rights through strong enforcement of labor standards." Biden was also to take part on Thursday in an event for the Indo-Pacific Economic Framework (IPEF), a 14-nation group his administration established. Hopes for an IPEF trade deal were dashed this week. Asked how long an IPEF trade agreement could take to conclude, an administration official said most negotiations take years but the White House intended to work on an "accelerated timeline." "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said to applause.

Persons: Joe Biden, Biden, White, Donald Trump, Republican Trump, Fumio Kishida, Xi Jinping, Justin Trudeau, Anthony Albanese, Dina Boluarte, Srettha Thavisin, Hassanal, Gina Raimondo, Xi, Trevor Hunnicutt, David Brunnstrom, Nandita Bose, Katharine Jackson, Andrea Shalal, Heather Timmons, Josie Kao, Cynthia Osterman Organizations: FRANCISCO, Asia, Economic Cooperation, Economic, Democrat, Republican, APEC, IMF, Amazon.com, Delta Air Lines, PepsiCo, Apple, Boeing, Japan's, Canada's, Australia's, Brunei's, Monetary Fund, . Commerce, Trans, Pacific, Trump, U.S, Thomson Locations: Pacific, San Francisco, Asia, ASIA, U.S, Thailand, China, United States

The coronavirus pandemic exposed frailties in their supply chains. Chinese President Xi Jinping, too, met with American business leaders — at a $2,000-per-plate dinner Wednesday evening. “The global economy is recovering, but its momentum remains sluggish,” Xi said. “Industrial and supply chains are still under the threat of interruption and protectionism is rising. The new framework has four major pillars: supply chains, climate, anti-corruption and trade.

Persons: Fresh, Joe Biden, “ We've, ” Biden, hasn't, Bill Clinton, Biden, Kamala Harris, Alexei Overchuk —, “ Will, Xi Jinping, —, ”, Xi, ” Xi, Josh Boak, Didi Tang Organizations: FRANCISCO, APEC, Russia's, U.S, Smithsonian National Zoo, Atlanta Zoo, Biden, Pacific, won’t, Associated Press Locations: China, U.S, Bangkok, Ukraine, Israel, Russia, United States, Northern California, Tokyo, Washington, San Francisco

☆ Citi CEO Fraser touts 'clear benefits' of diversifying supply chains
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Jane Fraser, Chief Executive Officer of Citi, speaks during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsNov 16 (Reuters) - Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "clear benefits", Citigroup (C.N) CEO Jane Fraser said on Thursday. Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains, a debate has raged over how integrated the global economy will be in the future. Some businesses are responding by "nearshoring" - the trend of locating manufacturing capacity in Mexico, closer to the U.S. market - to keep supply chains more stable. Disruptions to the "old system" signal globalization is changing and would lead to more trade relationships and diversified supply chains.

Persons: Jane Fraser, Tyrone Siu, Fraser, Niket Nishant, Manya, Pooja Desai Organizations: Citi, Global Financial, Investment, REUTERS, Citigroup, Asia Pacific Economic Cooperation, Comprehensive Economic, Trans, Pacific Partnership, Manya Saini, Thomson Locations: Hong Kong, China, Ukraine, United States, Beijing, Mexico, U.S, India, Vietnam, Malaysia, San Francisco, Bengaluru

WASHINGTON (AP) — President Joe Biden is nurturing economic ties this week with Asia, but he's not signing any trade deals at a regional summit in San Francisco. This fact — no trade deals — reveals a lot about the status of U.S. politics, the evolving global economy and the Biden administration's own ambitions. The trade pillar is being overseen by U.S. Trade Representative Katherine Tai, while the other three are under Commerce Secretary Gina Raimondo. WHY TRADE DEALS ARE UNPOPULARIt's simple: Voters say past trade deals caused the loss of factory jobs that hollowed out their hometowns and the Biden administration agrees. In a June speech, Tai criticized past trade deals.

Persons: Joe Biden, he's, —, Biden, “, ”, Robert Holleyman, ” Biden, Katherine Tai, Gina Raimondo, Matthew Goodman, Sen, Sherrod Brown, Brown, ” Brown, Republican Donald Trump, Democrat Hillary Clinton, Trump, Tai Organizations: WASHINGTON, U.S, Economic Cooperation, Biden, U.S . Trade, ., Greenberg Center, Geoeconomic Studies, Council, Foreign Relations, White, Republican, Democrat, Pacific, China . Trade, Trump, ” Trade, South Locations: Asia, San Francisco, IPEF, U.S, Tokyo, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, Ohio, Canada, Mexico, China

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of the Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial outcomes this week. Yellen told a news conference there has been "very substantial progress" on three of the four areas under discussion by the 14 IPEF member countries, but there are "remaining issues" on trade. She said there had been "significant progress" on the trade pillar, "but it looks not to be complete, like something that is likely to require further work." People familiar with the talks said that an announcement of outcomes is more likely on clean energy cooperation and anti-corruption pillars of the IPEF. Both agreed that the U.S. and China should seek fair trade relations and a level playing field on which their companies can compete, Yellen added.

Persons: Janet Yellen, Lifeng, Carlos Barria, Biden, Yellen, Joe Biden, IPEF, Donald Trump, David Lawder, Ann Saphir, Tom Hogue, Lincoln Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Reuters, Asia Pacific Economic Cooperation, San Francisco . U.S, Pacific Partnership, Thomson Locations: U.S, Asia, San Francisco , California, Pacific, San Francisco ., China, CHINA, Beijing, San Francisco

“President Biden this coming week will be doing a lot more than just meeting with President Xi,” White House national security adviser Jake Sullivan told reporters in Washington on Monday. White House officials say they are cognizant that fellow APEC nations want to see better dialogue between the U.S. and China because it reduces the risk of regional conflict. Biden on Monday welcomed Indonesian President Joko Widodo, a fellow APEC leader, to the White House for talks before both travel to San Francisco. Israel's retaliatory operations in Gaza have killed more than 11,000, sparking outrage from a slew of world leaders. The stopgap measure excludes the roughly $106 billion funding requested by Biden for Israel, Ukraine and the U.S. border with Mexico.

Persons: Joe Biden, Xi Jinping, Xi, what's, Biden, Russia's, “, Jake Sullivan, Donald Trump, Obama, ”, Neils Graham, Joshua Kurlantzick, TPP, Trump, Joko Widodo, “ We’re, Matt Murray, Fumio Kishida, Yoon Suk Yeol, Ferdinand Marcos, Jr, Mike Johnson, Sullivan, ” Sullivan, ___ Long, Josh Boak, Chris Megerian, Darlene Superville, Zeke Miller Organizations: FRANCISCO, Economic Cooperation, U.S, Republican, House, White, APEC, Economic Forum, Pacific Partnership, Atlantic Council GeoEconomics, Southeast, Council, Foreign Relations, Biden, Administration, Indonesian, The, Office, Georgetown University, Hamas, Associated Press Locations: Asia, Pacific, United States, San Francisco, China, Israel, Washington, Beijing, U.S, Southeast Asia, Japan, South Korea, Gaza, Indonesian, Ukraine, Japanese, South, Philippine, Philippines, South China, Mexico

WASHINGTON (AP) — The United States is hosting the annual APEC summit of world leaders this week for the first time since 2011. But the main summit event will actually be on the sidelines: A face-to-face meeting between President Joe Biden and Chinese President Xi Jinping. The annual leaders' conference brings together heads of nations and other top economic and diplomatic leaders. That decision was regarded as a snub by some APEC leaders. Since then, the APEC leaders have posed together in batik shirts (Malaysia, 1998), Chinese jackets (Shanghai, 2001), flowing ponchos (Chile, 2004) and "ao dai” tunics (Vietnam, 2006.)

Persons: Joe Biden, Xi Jinping, Vladimir Putin, Gina Raimondo, isn't, Biden, Donald Trump, Kamala Harris, that's, Morris Chang, Paul Chan, John Lee, It's, Bill Clinton, Barack Obama, Obama Organizations: WASHINGTON, APEC, Economic Cooperation, Biden, Pacific, Thai, Taiwan Semiconductor Manufacturing Co, Financial, Moody’s Investors Service Locations: United States, Asia, San Francisco, China, U.S, Israel, Ukraine, Russia, Japan, Australia, Taiwan, Hong Kong, Pacific, Bangkok, Chile, Thailand, China . Hong Kong, Seattle, American, Malaysia, Shanghai, ponchos, Vietnam, Philippines, Hawaii

☆ Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit
▼ + stars: | 2023-11-09 | by ( David Lawder | ) www.reuters.com time to read: +5 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. Instead it promised cooperation on supply chains and clean energy along with higher standards for labor, environment and regulatory practices and digital trade. Negotiations on digital trade standards -- once seen as a marquee feature of the IPEF trade pillar -- are largely frozen as the Biden administration has suspended discussions on key rules after reversing longstanding U.S. positions on e-commerce. By adopting these fringe views on digital trade, USTR really brings the main substance on digital trade to a halt," said John Murphy, senior vice president for international policy for the U.S. Chamber of Commerce. One of the sources familiar with the talks said that early enthusiasm on the IPEF trade pillar -- which excludes India -- has given way to frustration over the difficulty and complexity of issues involved.

Persons: Carlos Barria, Biden, Joe Biden, IPEF, Wendy Cutler, Cutler, Trump, USTR, John Murphy, David Lawder, Sharon Singleton Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Pacific, Prosperity, Asia Pacific Economic Cooperation, Asia Society Policy Center, Commerce Department, U.S . Trade, Big Tech, U.S . Chamber of Commerce, Thomson Locations: Asia, Pacific, San Francisco , California, San Francisco, U.S, China, Washington, IPEF, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, United States, TPP

☆ The laws British PM Sunak wants to pass before the next election
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The King's Speech - given by the monarch but written by government ministers - opens the new session of parliament. This is likely to be the last one before the election, which must be held by January 2025, and many policies were aimed at appealing to voters. CIGARETTES AND VAPESThe Tobacco and Vapes Bill will deliver on Sunak's promise made last month to phase out all tobacco sales in England. SOCCER REGULATORThe government plans to set up an independent football regulator, who will be responsible for scrutinising club owners and their financial resources. The new legislation will require owners to ensure fans are consulted on changes to club's badges, names and shirt colours.

Persons: Rishi Sunak, Keir Starmer, Hannah McKay, King Charles, Bill, Andrew MacAskill, Alistair Smout, Elizabeth Piper, Alex Richardson, Barbara Lewis Organizations: British, Labour Party, REUTERS, Conservatives, Petroleum, Markets, Competition, Consumers, SOCCER, Super League, Trans, Pacific, Thomson Locations: London, Britain, England, North, Freehold, Wales, Pacific, Australia, Japan

☆ China pledges to expand market access at annual trade fair amid foreign criticism
▼ + stars: | 2023-11-05 | by ( Brenda Goh | ) www.reuters.com time to read: +3 min

SHANGHAI, China (Reuters) -China will further expand market access and increase imports, its premier told a trade fair in Shanghai on Sunday, amid criticism from European firms who said they wanted to see more tangible improvement in the country’s business environment. China will promote coordinated development of trade in goods and services, protect an international business environment, and relax market access including lifting restrictions on foreign investment in manufacturing, he said. The import expo was launched by President Xi Jinping in 2018 to promote China’s free trade credentials and counter criticism of its trade surplus with many countries. China’s imports have slumped this year amid a slowdown in the world’s second largest economy, although data released last month indicated that the downtrend could be starting to ease. China will “actively promote” its application to join the Comprehensive Progressive Trans-Pacific Partnership (CPTPP), Li also said in his speech on Sunday.

Persons: Li Qiang, Tingshu Wang, ” Li, Xi Jinping, Li, Anthony Albanese, “ Organizations: Hangzhou Olympic Sports Centre, China, European Chamber of Commerce, Micron Technology, Nestle, Burberry, Australian, Pacific Locations: SHANGHAI, China, Shanghai, Hangzhou, Afghan, Australia, United States, Taiwan, Ukraine, Costa Rica, Uruguay, Ecuador, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain

TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. China's economy expanded at a 4.9% annual pace between July-September, beating analysts’ forecasts of about 4.5%, official data show. The expo being held through Friday is an annual event launched by President Xi Jinping in 2018 with the theme of promoting China’s image as being in favor of free trade. This year’s expo brought Australian Prime Minister Anthony Albanese, currently paying an official visit to China which is largely focused on restoring trade links blocked for years due to economic and political tensions. Despite that, Li said China would continue to “actively pursue the accession to the CPTPP and the Digital Economy Partnership Agreement and negotiate for the conclusion of more high standard free trade agreements.”

Persons: Li Qiang, Li, Xi Jinping, ” Li, Anthony Albanese, Albanese, ” Albanese, Yang Hengjun, “ Organizations: 6th China, Sunday, Trans, Pacific Partnership, Digital Locations: TAIPEI, Taiwan, Shanghai, China, Beijing, Australia, Australian

☆ Australia-China: After seven years of strain, leader Albanese heads to Beijing
▼ + stars: | 2023-11-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the four-day visit, which begins on Saturday and will see Albanese meet with Chinese leader Xi Jinping and Premier Li Qiang and make stops in Beijing and Shanghai. Albanese’s trip also carries symbolic overtones, marking 50 years since the first official visit by an Australian leader to Communist China after the two countries established ties. James Bugg/Bloomberg/Getty ImagesUS relations loomAlbanese is heading to Beijing less than two weeks after he met with US President Joe Biden in Washington. As he aims to repair ties with China, Albanese will need to walk a line between these interests and China’s suspicions about the aims of these blocs, analysts say. “Beijing came to learn that the weaponization of trade did not force a close US ally to back down,” said Collinson.

Persons: Hong Kong CNN —, Anthony Albanese, Albanese, Xi Jinping, Li Qiang, Scott Morrison’s, Jingdong Yuan, ”, Cheng Lei, Yang Hengjun, Yang, ” Albanese, Elena Collinson, teeters, ” Collinson, James Bugg, Joe Biden, “ Albanese, Yuan, Xi, Biden, Collinson, “ Organizations: Hong Kong CNN, China’s Foreign Ministry, University of Sydney, Reuters, Huawei, Albanese’s Labor, Canberra, Albanese’s, University of Technology Sydney’s, China Relations Institute, Trans, Pacific, Bloomberg, Getty, Albanese, China, China - Asia Security, Stockholm International Peace Research Institute, Economic Cooperation, Australia Locations: Hong Kong, China, Beijing, Shanghai, Australia, Washington, Seoul, Communist China, Asia, Pacific, Darwin, Pacific Islands, South, University of Technology Sydney’s Australia, Europe, Yarra, Victoria, South China, United Kingdom, Japan, India, Sydney, Stockholm, San Fransisco

☆ Australia 'hopeful' on China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Oct 17 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday he remained "very hopeful of a breakthrough" in a trade dispute with China over wine tariffs, as a deadline for the publication of a World Trade Organization ruling nears. "I'm very hopeful of a breakthrough that removes the impediments when it comes to wine," Albanese told reporters on Tuesday, noting Australia's wine industry had substantial exports to China before the tariffs were imposed in 2020. Officials are unable to publicly comment on a WTO report until it is published. Australia last month rejected China's proposal for a "packaged solution" that would tie the wine dispute to those about duties on Australian imports of Chinese steel.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle Organizations: REUTERS, Rights, Australian, World Trade Organization, WTO, Trade, Sky News, COVID, Trans, Pacific, Thomson Locations: Beijing, China, Australia

☆ Taiwan lobbies Australian lawmakers on supporting its bid for Pacific trade pact
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 26 (Reuters) - Taiwan President Tsai Ing-wen on Tuesday called on Australia to support its bid to join a pan-Pacific free trade pact during a meeting with a group of visiting Australian lawmakers. The CPTPP is a landmark trade pact agreed upon in 2018 by 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "We look forward to the continued strengthening of economic and trade cooperation between Taiwan and Australia," Tsai said in comments released by her office. "We also hope that the Australian government and parliament will support Taiwan's accession to the CPTPP to jointly promote economic growth and sustainable development of the Indo-Pacific region." "Protecting the free and open Indo-Pacific region is the common goal of Taiwan and Australia."

Persons: Tsai Ing, Tsai, Don Farrell, Ben Blanchard, Kirsty Needham, Gerry Doyle Organizations: Trans, Pacific, Taiwan, Australian Trade, Thomson Locations: TAIPEI, Taiwan, Australia, China, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain, Taipei, Sydney

☆ Fact Check-FEMA official was in Hawaii to attend conference ahead of August wildfires
▼ + stars: | 2023-09-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A Federal Emergency Management Agency (FEMA) administrator mentioned by Joe Biden in a video was in Hawaii ahead of deadly wildfires on Aug. 8 to attend an annual agency conference, a FEMA official told Reuters. “Due to the fires on Maui, participants from FEMA, the Hawaii delegation and many other federal agencies left the meeting early to address statewide response efforts,” Edwards said. Fenton is currently the Regional Administrator for FEMA Region 9, which includes the Hawaiian Islands (here), (here). In the clip of Biden’s Aug. 30 remarks, the president refers to his appointment of Fenton to lead the Maui response and rebuilding efforts. FEMA administrator Bob Fenton’s presence in Hawaii before the 2023 wildfires is not evidence that the disaster was planned.

Persons: Joe Biden, Biden, Bob Fenton “, Jeremy M, Edwards, Fenton, ” Edwards, Lemanu P.S, “, Bob Fenton, ” Fenton, Bob Fenton’s, Read Organizations: Emergency Management Agency, FEMA, Reuters, Social, Facebook, Biden, Partnership, Regional, White, Guam Homeland Security, Civil Defense Locations: Hawaii, Honolulu, Oahu, “, Maui, American Samoa, United States, Guam

Analysts see this as an emerging new trend of trade regionalisation in the eastern and western hemispheres - each dominated by one of the superpower - that could pose risks to global growth. This "will likely contribute to increased regionalisation of international trade, which would raise inflation and hamper growth for other countries caught in the crossfire." China has also applied to join the Comprehensive Progressive Trans-Pacific Partnership, one of the world's largest free trade agreements. To join this Pacific trade axis, though, China needs the approval from all member countries, including U.S. allies. "And both of those countries value trade with the U.S. under their North American framework more than they value trade with China."

Persons: Gina Raimondo, Elizabeth Frantz, Neil Thomas, Donald Trump, Joe Biden, Raimondo, Trump, William Hurst, Joe Cash, Kripa Jayaram, Marius Zaharia, William Mallard Organizations: . Commerce, Capitol, REUTERS, Southeast Asia, Analysts, Asia Society Policy Institute, Higher, Census, Reuters, Canada Agreement, Comprehensive, Pacific, U.S, University of Cambridge, Thomson Locations: Washington , U.S, China, Washington, Canada, Mexico, Beijing, Southeast, decouple, U.S, Japan, South Korea, Australia, New Zealand, Pacific

☆ New Zealand keen to host men's World Cup with Australia
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

We’ve shown what we always knew - that we would host the best ever Women’s World Cup. "It's only natural that at some time in the future we would host a men's World Cup. Football Australia boss James Johnson has repeatedly said Australia would like to host the men's World Cup but will need stadiums that meet FIFA requirements. "From our experiences with FIFA in this World Cup, they are willing to work with you and be flexible." The next men's World Cup in 2026 will be hosted by the United States, Canada and Mexico.

Persons: Kai Pfaffenbach, Andrew Pragnell, Pragnell, We’ve, James Johnson, Ian Ransom, Peter Rutherford Organizations: Soccer Football, FIFA World, Qatar, Lusail, New Zealand, New, FIFA, Football Australia, Thomson Locations: Argentina, France, Lusail, Qatar, Australia, New Zealand, Asia, Pacific, Eden, United States, Canada, Mexico, Melbourne

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