Trade

The Australia-India Economic Cooperation and Trade Agreement (AIECTA) signed on 2 April marks a first for India in terms of liberalisation of “substantially all” trade and timeline of negotiations. India has often been blamed for prolonging trade negotiations with its rigid stance on tariff

Wooing the neighbours The Morrison government has committed almost $700 million to new non-Covid initiatives in Southeast Asia over the past two years, seeking to rebuild regional ties largely in response to uncertainty about China. While that spending wasn’t specifically aimed at boosting

Indonesia suffers from some of the highest food prices in Southeast Asia. Over the past decade, government policies focussed on food self-sufficiency have contributed to this problem. As its economic policies are thrust into the spotlight upon its first-time leadership of the G20 grouping, Indonesia

Santa clauses The value of global goods trade during the biggest pandemic in a century last year dropped about a third less than it did during the biggest financial crisis in a generation in 2008. But internet searches about “economic resilience” are running more than twice as high these days

China has singled out several Australian industries with economic sanctions since May last year, imposing hefty tariffs on Australian barley and wine exports, while throwing up barriers to other products including timber, lobster and coal. Beijing’s action has largely been seen as a response to

China’s recent request to begin talks to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) was a surprise. With geopolitical tensions at a high, China is now formally seeking to join the very trade pact often seen as designed to counter it. For Australia, a leading CPTPP

When China applied earlier this month to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the renamed 11-nation trade pact spanning Asia and the Pacific, Beijing seemed to hand Australia the rare diplomatic gift of leverage. Australia, like other existing members of

Indonesia is feeling a little ignored. The recent visit by US Vice President Kamal Harris to Vietnam and Singapore led to speculation that Indonesia was not a priority for the Biden administration. “Snubbed again, Joe?” read one local headline. A few weeks beforehand, US Defence Secretary Lloyd

Tom Shugart’s Lowy Institute analysis of the rising maritime capabilities of China’s armed forces presents a bleak prospect for the imbalance between China’s growing offensive capabilities and Australia’s long-term ability to deter China from employing them against Australian territory and

Australia’s former Prime Minister Tony Abbott has just completed a packed visit to India from 2–6 August as Prime Minister Scott Morrison’s special trade envoy. Abbott should have reason to be encouraged by his interactions and his meetings with a cross section of decision-makers in India,

In August, Taiwan will hold a referendum on whether to reinstate a ban on US pork containing the additive ractopamine. This could introduce a sour taste into otherwise positive Taiwan–US relations. But it’s not the only food-related political challenge on the menu. The reaction to China imposing

Worker vs worker vs student Almost five million Kiwis have always been at least cousins. And Scott Morrison’s distinctive contribution to regional security has been his embrace of about 10 million other islanders as “our Pacific family”. But in a week of rhetoric about international

For all the talk of cross-Strait military tensions – which are real – in the economic realm, Taiwan’s fortunes have been bound to those of China. Recognising the need to diversify, when Tsai Ing-wen was elected in 2016, she initiated what was dubbed a “New Southbound Policy”, with the

Beginning last May, China has hit Australia with a barrage of trade sanctions in a fairly overt attempt at economic coercion. It’s still early days, but it’s worth taking stock of what the economic impact has been so far. The fact that China’s trade sanctions have taken place

Lock the doors When the China trade numbers were released on Tuesday, you could hardly blame Australia’s 2500 winemakers if they locked themselves in the cellar with a nice bottle of red. They certainly have plenty to drink. Only three months ago, Chinese customers drank 50% of Australian red

Much of the economic gains from the newly signed mega trade deal known as the Regional Comprehensive Economic Partnership will come from mitigating what is called the Asian “noodle bowl effect”. The deal will harmonise what have to date been separate rules of origin across the region into

A man who has earned a reputation for compromise and dealmaking over his half-century in Washington, Joe Biden has also won the presidency by presenting himself as a national unifier, while simultaneously putting forward a policy agenda that some consider to be the most progressive in American

Like a sailing ship caught in the doldrums, the international trade policy world seems stagnant and listless. Is there any fresh wind to be detected? Can we create some movement? In this coronavirus–dominated environment, nothing much is happening. The trend in global trade itself is not easy to

When Canberra called for an international, independent inquiry into Covid-19 in April, Beijing deployed trade restrictions measures against Australian beef and barley the next month. And so when the Australian government responded firmly to China imposing a sweeping national security law in Hong

Albert Einstein once said that “in the midst of every crisis lies great opportunity”. For an open trading nation like Australia, the pandemic is an unparalleled crisis. The nation is facing its worst downturn since the Great Depression, along with recessions in key trading partners, severe

Did anyone notice that the United States–Mexico–Canada Agreement (USMCA), the revised NAFTA, entered into force on 1 July? If not, do not be too concerned, as the Covid-19 crisis has probably affected that as well. Still, this deal is (without getting too much into the weeds of whether it is

Growing Sino-Australian diplomatic and trade disputes have led to Chinese import bans on certain Australian products, but iron ore – Australia’s biggest export to China – has largely been kept out of the fray. Although China did impose new import procedures that could potentially hold up