•   
  •   

Australia China, New Zealand upgraded free trade deal to be signed on Tuesday - sources

02:08  26 january  2021
02:08  26 january  2021 Source:   reuters.com

The EU could throw out its landmark trade deal with China over concerns about Beijing's human rights record

  The EU could throw out its landmark trade deal with China over concerns about Beijing's human rights record A leading member of the European Parliament has raised significant concerns about the EU's landmark investment deal with China over its alleged human rights abuses and fears that it could harm relations with the new Biden administration. The EU-China investment deal aims to liberalize trade between Beijing and Brussels and was struck in the last days of December after last-minute concessions from Chinese premier Xi Jinping.

By Praveen Menon

Jacinda Ardern standing in front of a piano: Prime Minister Jacinda Ardern addresses her supporters at a Labour Party event in Wellington © Reuters/PRAVEEN MENON Prime Minister Jacinda Ardern addresses her supporters at a Labour Party event in Wellington

WELLINGTON (Reuters) - A deal to upgrade the free trade pact between China and New Zealand, which was agreed upon after years of negotiations, will be officially signed on Tuesday, sources aware of the discussions said.

New Zealand's Prime Minister Jacinda Ardern announced the conclusion of the deal in November 2019.

The New Zealand government did not comment on the matter. The Chinese Embassy in Wellington could not be immediately reached for a comment.

New Zealand had said the upgraded agreement would make exporting to China easier and reduce compliance costs for New Zealand exports by millions of dollars each year.

The Presidency Won’t Go Back to How It Was

  The Presidency Won’t Go Back to How It Was President Joe Biden—and those who follow him—will navigate a new political landscape, reshaped by four years of Donald Trump.True, Biden’s time in office will witness reversals by conservatives and progressives on some of the uses and limits of presidential power. The Harvard law professor Adrian Vermeule predicted at the dawn of the Trump administration that the sides would reverse their positions about aggressive uses of presidential administration. He compared the pattern to two lines of dancers in a Jane Austen novel who move to opposite sides of the ballroom and then continue dancing as before.

The upgrade would ensure nearly all New Zealand's wood and paper trade to China will have preferential access over the next 10 years, New Zealand's trade ministry had said in a statement after conclusion of the deal in November.


Video: Tehan writes to Chinese counterpart in attempt to end China trade dispute (Sky News Australia)

New Zealand was the first developed country to sign a free trade agreement with China in 2008, which has long been touted by Beijing as an exemplar of its firsts with Western countries.

China is now New Zealand’s largest trading partner, with annual two-way trade of over NZ$30 billion ($21.58 billion). Both nations have been working to upgrade the agreement for years.

How China tackled the pandemic, one year on

  How China tackled the pandemic, one year on The world's first coronavirus lockdown began in Wuhan a year ago - how has China changed since then?At the time, the wider world was shocked by the harsh restrictions and rigid enforcement. From late January until June, the city was effectively sealed off from the rest of the country.

But ties have been tested under Ardern's government as New Zealand criticized China’s influence on small Pacific islands and raised human rights concerns about Muslim Uighurs in China's Xinjiang region. Ardern also backed Taiwan’s participation at the World Health Organization (WHO) despite a warning from Beijing.

The trade pact with New Zealand also comes when Beijing's ties with neighbouring Australia worsened after Canberra called for an independent investigation into the origins of the coronavirus pandemic, which was first reported in central China.

Australia has appealed to the World Trade Organization to review China's decision to impose hefty tariffs on imports of Australian barley.

New Zealand, which will host the regional Asia Pacific Economic Cooperation summit this year, has said it would be willing to help negotiate a truce between China and Australia.

($1 = 1.3902 New Zealand dollars)

(Reporting by Praveen Menon; Editing by Aurora Ellis)

The January spending table: West Ham spent more than LaLiga COMBINED .
A subdued January transfer window provided some late drama on the last day as Southampton and Everton signed two attackers while Liverpool completed a late trolly dash for two centre-backs. Across January itself though, clubs were cautious with the Covid-19 pandemic mostly forcing managers to stick with what they've got for the remainder of the campaign.Aside from the final day, the most notable deals saw Aston Villa sign Morgan Sanson from Marseille in a £14m deal, West Ham turn Said Benrahma's move into a permanent deal for £20m and Real Madrid midfielder Martin Odegaard join Arsenal on loan.

usr: 0
This is interesting!