US to Open Bilateral Economic Dialogue with Taiwan to Help Resist CCP Coercion
The US State Department announced on 31 August that they are opening a bilateral economic dialogue with Taiwan. This is to strengthen the ties between the two countries and to support Taiwan in responding to the increasing pressure from the CCP. Washington has also declassified confidential documents on Reagan’s six guarantees for Taiwan’s security. Commentators believe this to be a sign of the US’s support for Taiwan.
Cross-Strait relations have become increasingly tense this year. Sino-US relations are also at their lowest point in years. At an online forum hosted by the American conservative think tank The Heritage Foundation, David Stilwell, the chief diplomat for East Asian affairs at the US State Department, said the US’s policy toward Taiwan does not entail a policy change but a series of major adjustments to the “One China Policy”, to which the US adheres. “We will continue to help Taipei resist the Chinese Communist Party’s campaign to pressure, intimidate, and marginalize Taiwan,” he stressed.
Stilwell added that the bilateral economic dialogue the US and Taiwan are developing will also involve explorations of “the full spectrum” of their economic partnership, covering such issues centring on technology as semiconductors, healthcare, and energy. The dialogue, he stressed, is not part of US’s bilateral relations with the PRC. The Taiwanese chip manufacturer and the world’s largest TSMC announced a few months ago that they would spend US$12 billion on building a new factory in Arizona. Reuters reported that Taiwan has been looking forward to free trade negotiations with the US, only to be hampered by the US’s huge trade deficit.
Source: Stand News #Sep01
#US #Taiwan #China #Trade #Economy #Diplomacy
https://bit.ly/322jsDz
The US State Department announced on 31 August that they are opening a bilateral economic dialogue with Taiwan. This is to strengthen the ties between the two countries and to support Taiwan in responding to the increasing pressure from the CCP. Washington has also declassified confidential documents on Reagan’s six guarantees for Taiwan’s security. Commentators believe this to be a sign of the US’s support for Taiwan.
Cross-Strait relations have become increasingly tense this year. Sino-US relations are also at their lowest point in years. At an online forum hosted by the American conservative think tank The Heritage Foundation, David Stilwell, the chief diplomat for East Asian affairs at the US State Department, said the US’s policy toward Taiwan does not entail a policy change but a series of major adjustments to the “One China Policy”, to which the US adheres. “We will continue to help Taipei resist the Chinese Communist Party’s campaign to pressure, intimidate, and marginalize Taiwan,” he stressed.
Stilwell added that the bilateral economic dialogue the US and Taiwan are developing will also involve explorations of “the full spectrum” of their economic partnership, covering such issues centring on technology as semiconductors, healthcare, and energy. The dialogue, he stressed, is not part of US’s bilateral relations with the PRC. The Taiwanese chip manufacturer and the world’s largest TSMC announced a few months ago that they would spend US$12 billion on building a new factory in Arizona. Reuters reported that Taiwan has been looking forward to free trade negotiations with the US, only to be hampered by the US’s huge trade deficit.
Source: Stand News #Sep01
#US #Taiwan #China #Trade #Economy #Diplomacy
https://bit.ly/322jsDz
Reuters Quotes US Defense Department: SMIC May Be Added to Trade Blacklist
[Reuters' update: SMIC has since issued a statement expressing “shock” at the news and denying ties to the Chinese military.]
Tensions continue as the US moves to crack down on Chinese tech companies with Huawei, ZTE, and Hikvision bearing the brunt of the blow. Citing a US Defense Department spokesperson, Reuters reported on 5 September that the US intends to add Semiconductor Manufacturing International Corporation (SMIC) (SEHK: 0981.HK), China’s largest chipmaker, to its trade blacklist. SMIC and the Chinese Embassy in the US have not yet responded to the statement.
According to Reuters’ report, the US Defense Department is working with other agencies to determine whether to take action against SMIC without disclosing its motivations. Reuters was told that the Defense Department had written a proposal earlier recommending that the Commerce Department add SMIC to its list of entities. If the action is taken, US companies will be required to obtain a license before exporting goods containing American microchip technology to SMIC.
Washington is evaluating SMIC’s relationship with the Chinese military
SMIC is China’s largest chipmaker. Though being weaker, the company sees Taiwan Semiconductor Manufacturing Company (TSMC), the industry leader, as its main competitor. With the US announcing sanctions against Huawei, SMIC took an indirect hit being one of the telecom equipment manufacturer’s chip suppliers. Reuters also quoted an official as saying that Washington was evaluating SMIC’s relationship with the Chinese military.
Source: Stand News #Sep05
#US #China #SMIC #Trade #Sanction
https://bit.ly/2GHQhgU
[Reuters' update: SMIC has since issued a statement expressing “shock” at the news and denying ties to the Chinese military.]
Tensions continue as the US moves to crack down on Chinese tech companies with Huawei, ZTE, and Hikvision bearing the brunt of the blow. Citing a US Defense Department spokesperson, Reuters reported on 5 September that the US intends to add Semiconductor Manufacturing International Corporation (SMIC) (SEHK: 0981.HK), China’s largest chipmaker, to its trade blacklist. SMIC and the Chinese Embassy in the US have not yet responded to the statement.
According to Reuters’ report, the US Defense Department is working with other agencies to determine whether to take action against SMIC without disclosing its motivations. Reuters was told that the Defense Department had written a proposal earlier recommending that the Commerce Department add SMIC to its list of entities. If the action is taken, US companies will be required to obtain a license before exporting goods containing American microchip technology to SMIC.
Washington is evaluating SMIC’s relationship with the Chinese military
SMIC is China’s largest chipmaker. Though being weaker, the company sees Taiwan Semiconductor Manufacturing Company (TSMC), the industry leader, as its main competitor. With the US announcing sanctions against Huawei, SMIC took an indirect hit being one of the telecom equipment manufacturer’s chip suppliers. Reuters also quoted an official as saying that Washington was evaluating SMIC’s relationship with the Chinese military.
Source: Stand News #Sep05
#US #China #SMIC #Trade #Sanction
https://bit.ly/2GHQhgU
China Relations Sour as Czech Senate President Visits Taiwan, Beijing Buyer Cancels Order for Czech Pianos
With China angered over a recent visit to Taiwan by the president of the Czech senate Miloš Vystrčil and his delegation, a Chinese buyer cancelled a 5.3-million Czech koruna (approxmiately 1.8-million Hong Kong dollar) order with the Czech piano manufacturer Petrof, the Czech News Agency reported.
Commenting on Vystrčil’s visit to Taiwan, the Chinese foreign minister Wang Yi said earlier that Taiwan is an inalienable part of China. Those who challenge the “One China” principle, he said, are making themselves enemies of the 1.4 billion Chinese people and are going to pay a heavy price. The Czech foreign ministry summoned the Chinese ambassador for an explanation.
Citing an announcement by Petrof’s CEO Zuzana Ceralová Petrofová, foreign media reported that a buyer from Beijing cancelled a close deal with the piano manufacturer because of Vystrčil’s visit. With rumours of the Chinese government placing sanctions on Czech imports going around, the buyer was worried that he could not afford the fine and decided to cancel his order.
A renowned instrument brand, Petrof makes 35% of its revenue from sales in China. The report quoted the manufacturer as voicing concerns for the impact on its operation in China should the country’s relations with the Czech Republic continue to worsen. It is also unsure as to whether its employees will be given visas to attend the International Instrument Exhibition, which will take place in Shanghai next month.
Source: Stand News #Sep05
#CzechRepublic #Taiwan #China #Petrof #Vystrčil #Diplomacy #Trade #Piano
https://bit.ly/2R90PYo
With China angered over a recent visit to Taiwan by the president of the Czech senate Miloš Vystrčil and his delegation, a Chinese buyer cancelled a 5.3-million Czech koruna (approxmiately 1.8-million Hong Kong dollar) order with the Czech piano manufacturer Petrof, the Czech News Agency reported.
Commenting on Vystrčil’s visit to Taiwan, the Chinese foreign minister Wang Yi said earlier that Taiwan is an inalienable part of China. Those who challenge the “One China” principle, he said, are making themselves enemies of the 1.4 billion Chinese people and are going to pay a heavy price. The Czech foreign ministry summoned the Chinese ambassador for an explanation.
Citing an announcement by Petrof’s CEO Zuzana Ceralová Petrofová, foreign media reported that a buyer from Beijing cancelled a close deal with the piano manufacturer because of Vystrčil’s visit. With rumours of the Chinese government placing sanctions on Czech imports going around, the buyer was worried that he could not afford the fine and decided to cancel his order.
A renowned instrument brand, Petrof makes 35% of its revenue from sales in China. The report quoted the manufacturer as voicing concerns for the impact on its operation in China should the country’s relations with the Czech Republic continue to worsen. It is also unsure as to whether its employees will be given visas to attend the International Instrument Exhibition, which will take place in Shanghai next month.
Source: Stand News #Sep05
#CzechRepublic #Taiwan #China #Petrof #Vystrčil #Diplomacy #Trade #Piano
https://bit.ly/2R90PYo
US to Sanction SMIC, Companies Must Have Licence Before Exporting Technology to SMIC
The Financial Times has reported that the US government will sanction SMIC, China’s largest chip manufacturer. The report quoted the US authorities as saying that exports to SMIC may be used for military purposes and pose “unacceptable risk.” The authorities have instructed American companies to obtain a licence before exporting software and chip-making equipment to SMIC.
According to the Financial Times, the US commerce department sent a letter on 25 September to notify companies of relevant arrangements. Paul Triolo, head of technology policy analysis at the political risk consultancy Eurasia Group, said SMIC will be “completely cut off” in the worst-case scenario, which “will seriously affect China’s ability to manufacture chips” and will also affect US-China relations.
Source: Stand News #Sep26
#US #China #SMIC #Sanction #Trade #Diplomacy
https://bit.ly/3ngd8RC
The Financial Times has reported that the US government will sanction SMIC, China’s largest chip manufacturer. The report quoted the US authorities as saying that exports to SMIC may be used for military purposes and pose “unacceptable risk.” The authorities have instructed American companies to obtain a licence before exporting software and chip-making equipment to SMIC.
According to the Financial Times, the US commerce department sent a letter on 25 September to notify companies of relevant arrangements. Paul Triolo, head of technology policy analysis at the political risk consultancy Eurasia Group, said SMIC will be “completely cut off” in the worst-case scenario, which “will seriously affect China’s ability to manufacture chips” and will also affect US-China relations.
Source: Stand News #Sep26
#US #China #SMIC #Sanction #Trade #Diplomacy
https://bit.ly/3ngd8RC
Chinese Customs Detain Tonnes of Australian Lobsters at Airport amid Renewed Trade Tensions
In a new round of trade tensions between Australia and China, lobsters have taken centre stage. Australian officials revealed that that Chinese customs had recently detained tonnes of Australian lobsters at an airport, claiming that they had to be inspected for their metal content. It was feared that they would die prematurely being unable to be delivered on time. Australia warned China that discrimination against their products constitutes violations of trade agreements and may be met with a complaint to the World Trade Organization (WTO). The Chinese foreign ministry responded by saying that the lobsters had been quarantined in accordance with the law.
The Australian trade minister, Simon Birmingham, said on 2 November that he was aware of clearance issues with “premium shellfish” exported to China and was working closely with the industry. Birmingham warned China that discrimination against Australian products is a violation of WTO rules and the China-Australia Free Trade Agreement (ChAFTA).
Noting that China was inspecting 50 to 100 percent of the lobsters imported from Australia in the name of testing for metals, the Australian agriculture minister, David Littleproud, emphasized that the lobsters had been checked before being exported and that there is no need for China to do so again, hinting further at a possible complaint to the WTO. Australian exporters worried that the lobsters might spoil before reaching restaurants or hotels if they are stuck in the process for too long. Most exporters have already stopped exporting lobsters to China.
Source: Apple Daily #Nov02
#Australia #China #Lobster #Customs #Trade #Diplomacy
https://bit.ly/3eMffZp
In a new round of trade tensions between Australia and China, lobsters have taken centre stage. Australian officials revealed that that Chinese customs had recently detained tonnes of Australian lobsters at an airport, claiming that they had to be inspected for their metal content. It was feared that they would die prematurely being unable to be delivered on time. Australia warned China that discrimination against their products constitutes violations of trade agreements and may be met with a complaint to the World Trade Organization (WTO). The Chinese foreign ministry responded by saying that the lobsters had been quarantined in accordance with the law.
The Australian trade minister, Simon Birmingham, said on 2 November that he was aware of clearance issues with “premium shellfish” exported to China and was working closely with the industry. Birmingham warned China that discrimination against Australian products is a violation of WTO rules and the China-Australia Free Trade Agreement (ChAFTA).
Noting that China was inspecting 50 to 100 percent of the lobsters imported from Australia in the name of testing for metals, the Australian agriculture minister, David Littleproud, emphasized that the lobsters had been checked before being exported and that there is no need for China to do so again, hinting further at a possible complaint to the WTO. Australian exporters worried that the lobsters might spoil before reaching restaurants or hotels if they are stuck in the process for too long. Most exporters have already stopped exporting lobsters to China.
Source: Apple Daily #Nov02
#Australia #China #Lobster #Customs #Trade #Diplomacy
https://bit.ly/3eMffZp
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