ISDS Case Map
China
The worsening trade deficit with China and Turkey is contributing to the draining of foreign exchange reserves and seriously threatens local production, according to a review.
The landmark trade deal signed in 2020 between the world’s two largest economies failed to reduce the bilateral trade deficit.
In the Philippine, RCEP ratification was distracted by the pandemic and typhoon response. The coming May polls may present some hurdles in fast-tracking accession to RCEP.
The China-Pakistan Economic Corridor phase-II is much broader in scope and focuses on relocation of industries, agriculture sector modernisation, cooperation in science and technology, said Pakistan’s Ambassador to China.
Beijing and Gulf states say they are committed to reviving long-dormant talks aimed at reaching a free trade agreement, as they look to strengthen ties and deepen economic cooperation in the face of strained relations with the West.
China's Ministry of Finance on Thursday announced that South Korea will adopt the favorable tariff rates of the RCEP trade pact starting from February 1, as the country has finished ratification of the deal.
China hopes the United States can create conditions to expand trade cooperation, after Chinese purchases of U.S. goods in the past two years fell short of the targets in a Trump-era trade deal.
The US Chamber of Commerce called on the Biden administration to pursue more international trade deals and articulate a coherent strategy to compete and cooperate with China.
Trade ministers of Japan and Singapore pledged to maintain the high standards of market access and rules of the Trans-Pacific Partnership free trade deal, which China and Taiwan made a bid to join last year.
The visit may "make breakthroughs" in talks over a China-GCC free-trade agreement.
