Canada launched a website on March 10 to carry a consultation exercise with its citizens about a possible free trade agreement with China.
Before a March 14-15 meeting in Chile planned to review next steps after US withdrawal from the TPP, other negotiating partners – plus China, Korea and Colombia – shared views on future possibilities.
“China must be ready to face [the] growing trend of protectionism” said its Premier Li Keqiang on March 5.
Shujiro Urata, a fellow of the Japan Centre for Economic Research and a former economist at the World Bank, said on February 28 that China has been unable to “contribute constructively” to the past five years’ Regional Comprehensive Economic Partnership (RCEP) talks and would be unable to accept some key TPP chapters.
The seventeenth round of talks between the sixteen countries currently interested in developing the Pacific-based Regional Comprehensive Economic Partnership (RCEP) began in Kobe, Japan on February 27.
“I will instruct my Treasury Secretary to declare China a currency manipulator the day I take office” promised Donald Trump on October 22.
Calculated in square metres of fabric, UK total apparel imports in the last six months of 2016 (after the Brexit referendum and its subsequent sterling devaluation) fell just 0.3% over the same period in 2015.
It’s almost impossible to summarise the dispute between China and most other major trading nations at the WTO.
Asia Society suggests priorities for Trump adminstration’s attitudes to China – and they don’t include currency.
In a report issued on February 7, the New York-based Asia Society endorses Trump’s overall priorities on China, but claims currency manipulation is a relatively minor issue.
China’s income from apparel exports falls dramatically in the second half of 2016. Especially in exports to the UK.
The US dollar value of China’s apparel exports fell year on year by 11.4% in the last six months of 2016: an abrupt worsening of the 4.5% fall in the first six months.
Seemingly endless January trade-related government announcements in the US and UK lacked a single detail businesses could use for planning.
Donald Trump announced on January 14 his abandonment of a central campaign pledge about China.
Though the world’s business press reported in mid-January that Chinese manufacturing costs grew sharply in December 2016, costs for Chinese apparel and textile makers grew far less. In November 2016 – the latest data available – the price per square metre of Chinese apparel arriving in the US was 9.1% lower than a year earlier.
After years of misconceived forecasts it will soon collapse, China’s domination of global apparel exports faces a serious threat – from the Chinese government.
It’s a safe bet that few readers have paid much attention to the idea of “destination-based” profit taxes. They need to start doing so: right now.