Australian lobster exports 'singled out' by China
Agriculture Minister David Littleproud has raised concerns over custom clearance issues flagged by China regarding Australian lobster exports as Australia appears to have been “singled out” on the issue. Tonnes of Australian lobsters have been stranded on the ground in China in the latest blow to trade relations between the two nations, with any further delay placing the exports at risk of spoiling
Littleproud said that he had written to his Chinese counterpart, but no response has yet been received. He said, “The best way to deal with any misunderstanding or any disagreement is to have dialogue but there has to be someone who has the maturity, they have the leadership to put their hand out first.”
Source: Sky News Australia #Nov01
https://youtu.be/60b0PuyrXoA
#Australia #Trade #China #Lobster
Agriculture Minister David Littleproud has raised concerns over custom clearance issues flagged by China regarding Australian lobster exports as Australia appears to have been “singled out” on the issue. Tonnes of Australian lobsters have been stranded on the ground in China in the latest blow to trade relations between the two nations, with any further delay placing the exports at risk of spoiling
Littleproud said that he had written to his Chinese counterpart, but no response has yet been received. He said, “The best way to deal with any misunderstanding or any disagreement is to have dialogue but there has to be someone who has the maturity, they have the leadership to put their hand out first.”
Source: Sky News Australia #Nov01
https://youtu.be/60b0PuyrXoA
#Australia #Trade #China #Lobster
The biggest hardware company in the world, Stanley Black & Decker closed factory in Shenzhen, China, thousands of people lost their jobs
(29 Oct) The biggest tools and hardware company in the world, Stanley Black & Decker, Inc. has suddenly noticed people about the close of their branch in Shenzhen, China on 26th October and dismissed all employees on the 28th, thousands of people lost their jobs in one blink. Besides the brand in Shenzhen, Stanley Black & Decker also dismissed their subsidiary, Black & Decker, in Shenzhen at the same time.
According to the media, Black & Decker is the subsidiary of Stanley Black & Decker, registered in China with 10 million USD in 2012, mainly manufacturing products like electric tools and vacuum cleaner, and had more than 1000 full-time employees. They were listed as the 228th in the top 500 American companies, also the biggest tools and hardware manufacturing company.
This act by Stanley Black & Decker has shaken up the industry, they explained the reason for dismissing Black & Decker in Shenzhen is “following the overall change of the market and the increasing competitors, the group has to reorganize resources and maintain market competitiveness based in strategies.”
However, there are different opinions outside. Some Chinese media thinks that Shenzhen has re-started working long ago, a big possibility is because of the trade war tariff issues between the US and China, that it has forced Stanley Black & Decker to move out of China.
The Radio Free China (RFA) thinks that since the outbreak of the trade war between the US and China, there were already a lot of foreign companies moving out from China to Southeast Asia, while it was difficult for Stanley Black & Decker as they are export-oriented, especially China could not stop infringement effectively, forcing Stanley Black & Decker to make the hard choice.
While the Epoch Times thinks that except in Shenzhen, Stanley Black & Decker has their manufacturing factories and research bases in other places like Suzhou and Shanghai, and have participated in strikes for many times in the past 10 years, with the biggest strike that gathered thousands of people.
The Epoch Times also reported that the Stanley Black & Decker group was once deceived by their subsidiary in Suzhou, China, that they violated the sanction against Iran and paid the fine of 1.869 million USD in 2019 for the close of file. Stanley Black & Decker’s Suzhou subsidiary was originally China Guoqiang Company, but after acquisition and merger by Stanley Black & Decker, they still export electric tools to Iran 23 times, costing 3.2 million USD, and used 6 other companies to make the fake bill of lading and statements in order to hide the fact that they are trading with Iran. The Suzhou subsidiary was then found out by the Stanley Black & Decker group and reported to the U.S. Department of the Treasury.
The future of the production line of Stanley Black & Decker remains unclear.
Source: The Liberty Times
Translated by: Hong Kong Echo
#China #Shenzhen #BlackAndDecker #Factory #Close #Iran #Trade
(29 Oct) The biggest tools and hardware company in the world, Stanley Black & Decker, Inc. has suddenly noticed people about the close of their branch in Shenzhen, China on 26th October and dismissed all employees on the 28th, thousands of people lost their jobs in one blink. Besides the brand in Shenzhen, Stanley Black & Decker also dismissed their subsidiary, Black & Decker, in Shenzhen at the same time.
According to the media, Black & Decker is the subsidiary of Stanley Black & Decker, registered in China with 10 million USD in 2012, mainly manufacturing products like electric tools and vacuum cleaner, and had more than 1000 full-time employees. They were listed as the 228th in the top 500 American companies, also the biggest tools and hardware manufacturing company.
This act by Stanley Black & Decker has shaken up the industry, they explained the reason for dismissing Black & Decker in Shenzhen is “following the overall change of the market and the increasing competitors, the group has to reorganize resources and maintain market competitiveness based in strategies.”
However, there are different opinions outside. Some Chinese media thinks that Shenzhen has re-started working long ago, a big possibility is because of the trade war tariff issues between the US and China, that it has forced Stanley Black & Decker to move out of China.
The Radio Free China (RFA) thinks that since the outbreak of the trade war between the US and China, there were already a lot of foreign companies moving out from China to Southeast Asia, while it was difficult for Stanley Black & Decker as they are export-oriented, especially China could not stop infringement effectively, forcing Stanley Black & Decker to make the hard choice.
While the Epoch Times thinks that except in Shenzhen, Stanley Black & Decker has their manufacturing factories and research bases in other places like Suzhou and Shanghai, and have participated in strikes for many times in the past 10 years, with the biggest strike that gathered thousands of people.
The Epoch Times also reported that the Stanley Black & Decker group was once deceived by their subsidiary in Suzhou, China, that they violated the sanction against Iran and paid the fine of 1.869 million USD in 2019 for the close of file. Stanley Black & Decker’s Suzhou subsidiary was originally China Guoqiang Company, but after acquisition and merger by Stanley Black & Decker, they still export electric tools to Iran 23 times, costing 3.2 million USD, and used 6 other companies to make the fake bill of lading and statements in order to hide the fact that they are trading with Iran. The Suzhou subsidiary was then found out by the Stanley Black & Decker group and reported to the U.S. Department of the Treasury.
The future of the production line of Stanley Black & Decker remains unclear.
Source: The Liberty Times
Translated by: Hong Kong Echo
#China #Shenzhen #BlackAndDecker #Factory #Close #Iran #Trade
自由時報電子報
全球最大五金公司 史丹利百得關閉中國深圳廠 一夕數千人失業 - 自由財經
〔即時新聞／綜合報導〕全球最大的工具和五金公司——美國「史丹利百得集團（Stanley Black & Decker, Inc.）」深圳分公司10月26日突然發出解散公告
China Reaches World’s Largest Free-Trade Agreement with 14 Countries and Set to Wield More Influence, US Urges Japan and Korea Not to Go Silent on Human Rights Issues
As the trade war between China and the US continues, China formally signed the Regional Comprehensive Economic Partnership (RCEP) with Japan, Korea, Australia, New Zealand, and the ten member states of the Association of Southeast Asian Nations (ASEAN) on 15 November. Covering 30% of the global population and one-third of the world’s trade volume and economic output, the RCEP is considered the largest free-trade agreement in the world.
With the US withdrawing from the Trans-Pacific Partnership Agreement (TPP), it is believed that China would assume leadership of the RCEP and increase its influence in Asia in doing so. The US stated earlier that it hopes that Japan and Korea, both in the RCEP, will remain vocal in support of human rights and democracy in China despite the partnership.
Source: Stand News #Nov15
#US #Japan #Korea #China #RCEP #Trade #Diplomacy #HumanRights
https://bit.ly/33mz0Cl
As the trade war between China and the US continues, China formally signed the Regional Comprehensive Economic Partnership (RCEP) with Japan, Korea, Australia, New Zealand, and the ten member states of the Association of Southeast Asian Nations (ASEAN) on 15 November. Covering 30% of the global population and one-third of the world’s trade volume and economic output, the RCEP is considered the largest free-trade agreement in the world.
With the US withdrawing from the Trans-Pacific Partnership Agreement (TPP), it is believed that China would assume leadership of the RCEP and increase its influence in Asia in doing so. The US stated earlier that it hopes that Japan and Korea, both in the RCEP, will remain vocal in support of human rights and democracy in China despite the partnership.
Source: Stand News #Nov15
#US #Japan #Korea #China #RCEP #Trade #Diplomacy #HumanRights
https://bit.ly/33mz0Cl
China puts tariffs of up to 200 per cent on Australian wine
The Chinese Government has announced it will place tariff on all Australian wine imports from November 28 (Saturday). The new tariffs range from 107 to 200 per cent. The investigation is not due to finish until next year, but China’s Commerce Ministry announced that importers of Australian wine entering China will need to pau temporary “anti-dumping security deposits”.
Shadow Trade Minister Madeleine King said she was “deeply concerned“ about the tariffs. “It is a relationship that must be managed in the national interest and not for partisan political interests.
The action follows months of trade uncertainty and souring relations between Australia and China.
Source: ABC News #Nov27
https://www.abc.net.au/news/2020-11-27/china-puts-tariffs-on-australian-wine-trade-tensions/12886700
#Australia #China #Wine #Antidumping #Trade #Tax
The Chinese Government has announced it will place tariff on all Australian wine imports from November 28 (Saturday). The new tariffs range from 107 to 200 per cent. The investigation is not due to finish until next year, but China’s Commerce Ministry announced that importers of Australian wine entering China will need to pau temporary “anti-dumping security deposits”.
Shadow Trade Minister Madeleine King said she was “deeply concerned“ about the tariffs. “It is a relationship that must be managed in the national interest and not for partisan political interests.
The action follows months of trade uncertainty and souring relations between Australia and China.
Source: ABC News #Nov27
https://www.abc.net.au/news/2020-11-27/china-puts-tariffs-on-australian-wine-trade-tensions/12886700
#Australia #China #Wine #Antidumping #Trade #Tax
European Union condemns China over “irresponsible tweet about Australian military”.
The statement from the EU and Japan come after the United Kingdom, the United States, Germany, France and New Zealand criticised the actions a Chinese foreign ministry official in tweeting a digitally created image depicting an Australian solider cutting the throat of a child in Afghanistan.
Japan’s embassy in Canberra reiterated that “trade should never be used as a tool to apply political pressure”, and Japan would “duly consider how to exercise our third party rights if Australia proceeds with their case” at the World Trade Organization against China’s barley tariffs.
“We consider the deliberate dissemination of a fabricated image via social media accounts affiliated with China’s ministry of foreign affairs to be irresponsible, insensitive and not at all constructive, particularly given the subject in question,” the EU’s spokesperson for foreign affairs and security policy , Nabila Mascali said
Source: The Guardian #Dec04
https://www.theguardian.com/australia-news/2020/dec/04/european-union-condemns-china-over-irresponsible-tweet-about-australian-military?CMP=Share_iOSApp_Other
#AustraliaChina #WTO #Trade #Japan #EU
The statement from the EU and Japan come after the United Kingdom, the United States, Germany, France and New Zealand criticised the actions a Chinese foreign ministry official in tweeting a digitally created image depicting an Australian solider cutting the throat of a child in Afghanistan.
Japan’s embassy in Canberra reiterated that “trade should never be used as a tool to apply political pressure”, and Japan would “duly consider how to exercise our third party rights if Australia proceeds with their case” at the World Trade Organization against China’s barley tariffs.
“We consider the deliberate dissemination of a fabricated image via social media accounts affiliated with China’s ministry of foreign affairs to be irresponsible, insensitive and not at all constructive, particularly given the subject in question,” the EU’s spokesperson for foreign affairs and security policy , Nabila Mascali said
Source: The Guardian #Dec04
https://www.theguardian.com/australia-news/2020/dec/04/european-union-condemns-china-over-irresponsible-tweet-about-australian-military?CMP=Share_iOSApp_Other
#AustraliaChina #WTO #Trade #Japan #EU
the Guardian
European Union condemns China over 'irresponsible' tweet about Australian military
Regional bloc says it has raised the issue directly with Chinese vice-foreign minister
Australian Economy Is Too Dependent on China and Needs Diversification, Says Senate Opposition Leader
Under Australia's new foreign relations law, which allows the federal government to veto pacts between states and overseas governments or institutions, it is expected that agreements on the ‘Belt and Road’ (‘B&R’) initiative and Confucian Institutes between local governments and China will be voided. Penny Wong, leader of the opposition Labor Party in the Senate, said on 7 December that she hopes the federal and Victorian governments will have “sensible discussions” regarding the latter’s ‘B&R’ agreement. While stressing the need for a new economic strategy where Australia will work with other countries, Wong fell short of signalling a revocation of Victoria’s ‘B&R’ agreement.
As Victoria’s ‘B&R’ agreement with China faces the prospect of being suspended, Wong said in an interview with the ABC that she thinks the federal government “should try to resolve this in a way that respects engagement with the state government and that recognises that China will observe how this is handled carefully”.
Adding that the Labor Party supports the Liberal government in opposing Victoria’s ‘B&R’ initiative, Wong did not indicate specifically that the agreement will be unilaterally cancelled. Wong suggested that instead of considering how Australia can fix its relationship with China, it needs a strategy to diversify its economy and cooperate with other countries in the region given that it is now too reliant on China.
Source: Stand News #Dec07
#Australia #Victoria #China #OneBeltOneRoad #BeltAndRoad #PennyWong #Labor #Diplomacy #Economy #Trade
https://bit.ly/38ES1Sa
Under Australia's new foreign relations law, which allows the federal government to veto pacts between states and overseas governments or institutions, it is expected that agreements on the ‘Belt and Road’ (‘B&R’) initiative and Confucian Institutes between local governments and China will be voided. Penny Wong, leader of the opposition Labor Party in the Senate, said on 7 December that she hopes the federal and Victorian governments will have “sensible discussions” regarding the latter’s ‘B&R’ agreement. While stressing the need for a new economic strategy where Australia will work with other countries, Wong fell short of signalling a revocation of Victoria’s ‘B&R’ agreement.
As Victoria’s ‘B&R’ agreement with China faces the prospect of being suspended, Wong said in an interview with the ABC that she thinks the federal government “should try to resolve this in a way that respects engagement with the state government and that recognises that China will observe how this is handled carefully”.
Adding that the Labor Party supports the Liberal government in opposing Victoria’s ‘B&R’ initiative, Wong did not indicate specifically that the agreement will be unilaterally cancelled. Wong suggested that instead of considering how Australia can fix its relationship with China, it needs a strategy to diversify its economy and cooperate with other countries in the region given that it is now too reliant on China.
Source: Stand News #Dec07
#Australia #Victoria #China #OneBeltOneRoad #BeltAndRoad #PennyWong #Labor #Diplomacy #Economy #Trade
https://bit.ly/38ES1Sa
China's new front in the trade war with Australia — Africa
The end came as a bitter finale to a decades-long tale of intrigue and tragedy.
High up in the mountains straddling the border between Cameroon and the Republic of Congo, Perth-based mining minnow Sundance Resources saw its future extinguished amidst accusations of deceit and corruption.
After more than six months of wrangling and threats of legal action with the Congo government, Sundance boss Giulio Casello discovered to his horror that his former partner, an Australian-domiciled company with Chinese government links, had snared his company's major asset.
Working in tandem with another Beijing-linked group, it had snared the rights to develop one of west Africa's most promising iron ore deposits, the Mbalam-Nabeba project which has been Sundance's main focus for more than 15 years.
Source: ABC #Jul05
https://t.co/Jih1lbTcad
#China #Australia #Africa #Trade
The end came as a bitter finale to a decades-long tale of intrigue and tragedy.
High up in the mountains straddling the border between Cameroon and the Republic of Congo, Perth-based mining minnow Sundance Resources saw its future extinguished amidst accusations of deceit and corruption.
After more than six months of wrangling and threats of legal action with the Congo government, Sundance boss Giulio Casello discovered to his horror that his former partner, an Australian-domiciled company with Chinese government links, had snared his company's major asset.
Working in tandem with another Beijing-linked group, it had snared the rights to develop one of west Africa's most promising iron ore deposits, the Mbalam-Nabeba project which has been Sundance's main focus for more than 15 years.
Source: ABC #Jul05
https://t.co/Jih1lbTcad
#China #Australia #Africa #Trade
China applies to join Pacific trade pact to boost economic clout
Japan said it would have to determine if China meets the "extremely high standards" of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world's second-biggest economy formally applied to join.
Commerce Minister Wang Wentao submitted China's application to join the free trade agreement in a letter to New Zealand's trade minister, Damien O'Connor, the Chinese ministry said in a statement late on Thursday.
The CPTPP was signed by 11 countries including Australia, Canada, Chile, Japan and New Zealand in 2018.
Source: Reuters #Sep18
https://www.reuters.com/world/china/china-officially-applies-join-cptpp-trade-pact-2021-09-16/
#China #Japan #Trade #CPTPP
Japan said it would have to determine if China meets the "extremely high standards" of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world's second-biggest economy formally applied to join.
Commerce Minister Wang Wentao submitted China's application to join the free trade agreement in a letter to New Zealand's trade minister, Damien O'Connor, the Chinese ministry said in a statement late on Thursday.
The CPTPP was signed by 11 countries including Australia, Canada, Chile, Japan and New Zealand in 2018.
Source: Reuters #Sep18
https://www.reuters.com/world/china/china-officially-applies-join-cptpp-trade-pact-2021-09-16/
#China #Japan #Trade #CPTPP
US accuses China of 'serious harm' to workers through trade
The US Trade Representative accused Beijing of repeatedly failing to live up to trade commitments.
It published its annual review of China's compliance with the deal that gave it membership of the World Trade Organization (WTO) on Wednesday.
China said it is a firm supporter of and important contributor to the WTO.
The US report is the first since President Biden's appointee Katherine Tai took up office as the top US trade negotiator, and it lays out US concerns about China's trade policies.
Source: BBC #Feb16
https://www.bbc.co.uk/news/business-60408667
#US #China #Trade #Beijing #WTO
The US Trade Representative accused Beijing of repeatedly failing to live up to trade commitments.
It published its annual review of China's compliance with the deal that gave it membership of the World Trade Organization (WTO) on Wednesday.
China said it is a firm supporter of and important contributor to the WTO.
The US report is the first since President Biden's appointee Katherine Tai took up office as the top US trade negotiator, and it lays out US concerns about China's trade policies.
Source: BBC #Feb16
https://www.bbc.co.uk/news/business-60408667
#US #China #Trade #Beijing #WTO
Exclusive: U.S. calls for 'concrete action' from China on trade deal
U.S. officials called on Monday for "concrete action" from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the "Phase 1" trade deal signed by former President Donald Trump.
The officials said Washington was losing patience with Beijing, which had "not shown real signs" in recent months that it would close the gap in the two-year purchase commitments that expired at the end of 2021.
Source: Reuters #Feb07
https://www.reuters.com/business/exclusive-us-calls-concrete-action-china-meet-phase-1-purchase-commitments-2022-02-07/
#US #China #Trade #Beijing
U.S. officials called on Monday for "concrete action" from China to make good on its commitment to purchase $200 billion in additional U.S. goods and services in 2020 and 2021 under the "Phase 1" trade deal signed by former President Donald Trump.
The officials said Washington was losing patience with Beijing, which had "not shown real signs" in recent months that it would close the gap in the two-year purchase commitments that expired at the end of 2021.
Source: Reuters #Feb07
https://www.reuters.com/business/exclusive-us-calls-concrete-action-china-meet-phase-1-purchase-commitments-2022-02-07/
#US #China #Trade #Beijing