Written by Richard Pomfret. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) evolution has been a combustible mixture. On the one hand, the CPTPP, as an international trade agreement that goes beyond WTO commitments, involved lengthy negotiations before consensus on the text could be reached and the CPTPP could be implemented. On the other hand, the CPTPP, as an instrument of domestic politics and of international relations, has been subject to dramatic coups de théâtre. The USA signed the Trans-Pacific Partnership after eight years of negotiations, but President Trump refused to ratify the agreement three days after taking office in January 2017. Both elements – careful negotiation of a legal text and grand political gesture – are visible in Australia’s approach to the CPTPP.
Written by Chun-Yi Lee and Michael Reilly. The CPTPP is an ambitious, wide-ranging free trade agreement (FTA) signed between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam in March 2018. The CPTPP was originally named as the Trans-Pacific Partnership and comprised twelve members. However, after the Trump administration withdrew the USA from it in 2017, the remaining eleven countries reorganised and renamed it. After leaving the EU, the UK applied to join in February 2021, followed by China and Taiwan in September. South Korea has been considering joining but has yet to do so. Countries seeking to join the bloc must negotiate tariffs and other market access conditions with each of the eleven original members.
Written by Ek-hong Ljavakaw Sia. Few bilateral relationships between any other two countries in the world can be as balanced, reciprocal, and complementary as the Taiwan-Australia partnership. Located in the southernmost and westernmost parts of the Pacific, Australia and Taiwan have many features in common: nearly the exact size of the population, an equally prosperous economy, a vibrant civil society, and a healthy democratic polity.
Written by Malcolm Turnbull. Countries that displease China have been threatened with economic consequences. It might be boycotting Japanese retailers; or stopping tourism to South Korea. Or as we have seen in Australia, holding up beef exports and slapping tariffs on wine. On the other hand, and especially in the developing world, billions are being offered for infrastructure development through the Belt and Road initiative.
By Malcolm Turnbull. The Covid 19 pandemic, of course as the President has just observed, has disrupted the world and inflicted enormous suffering around the world. But as Taiwan has demonstrated, with ingenuity, with innovation, it can be grappled with and successfully.
Written by Jade Guan and Wen-Ti Sung. The Taiwan Strait is a key hotspot in the intensifying US-China rivalry, where the two superpowers’ spheres of influence overlap. Beijing claims the area as a uncompromisable “core interest” of sovereignty and territorial integrity, while the US seeks to maintain its close economic, political and security relationship with Taiwan. Whether it likes it or not, Australia is a major stakeholder in any future conflict arising around Taiwan. As an ANZUS treaty ally, Australia is at risk of being dragged into events.