Home > 2024 > Trade Update – 28th March 2024: AUSTRALIA ACCEPTS RULING, MALAYSIA & SOUTH KOREA TO RESUME FTA NEGOTIATIONS, NEW ZEALAND APPOINTS NEW TRADE BOSS and many more…

Trade Update – 28th March 2024: AUSTRALIA ACCEPTS RULING, MALAYSIA & SOUTH KOREA TO RESUME FTA NEGOTIATIONS, NEW ZEALAND APPOINTS NEW TRADE BOSS and many more…

Trade Update – 28th March 2024: AUSTRALIA ACCEPTS RULING, MALAYSIA & SOUTH KOREA TO RESUME FTA NEGOTIATIONS, NEW ZEALAND APPOINTS NEW TRADE BOSS and many more…

Weekly trade review provided by Chatto Creek Advisory Pty. 

Chatto Creek Advisory Pty Ltd is a Melbourne-based strategic consultancy specialising in trade policy advice and government engagement strategy. It is headed by Russell Scoular, an executive with rich government relations, trade policy, and business experience throughout the Asia Pacific.


 

AUSTRALIA ACCEPTS RULING: A WTO Dispute Panel has this week ruled Australia did not fully comply with global rules in applying dumping and subsidy duties on a range of products from China. Trade Minister Farrell said Australia accepted the ruling and would work with China to implement the panel’s findings.

 

MALAYSIA & SOUTH KOREA TO RESUME FTA NEGOTIATIONS: Malaysia and South Korea have agreed to resume negotiations for a free trade agreement. The decision followed talks in Kuala Lumpur this week between Trade Ministers Cheong and Aziz. The talks paused in 2019 after three negotiating rounds.

 

NEW ZEALAND APPOINTS NEW TRADE BOSS: NZ has appointed Bede Corry as Secretary of the Ministry of Foreign Affairs and Trade. He is serving as Ambassador to the US and has also served as High Commissioner to London. He will be NZ’s lead trade and foreign policy official in the new leadership role.

 

AUSTRALIA CONTINUES ASEAN REVIEW: Parliament’s Treaties Committee has continued public hearings into the latest upgrade of the ASEAN-Australia-NZ FTA. It heard this week from the Australian Council of Trade Unions following an appearance last week from the Department of Foreign Affairs and Trade.

 

NEW ZEALANDER LEADS WTO COMMITTEE: NZ’s Permanent Representative to the WTO Clare Kelly has been appointed to chair the WTO’s Council for Trade in Goods in 2024. She took up her current role in Geneva in 2022 and has led a number of trade initiatives for the Ministry of Foreign Affairs and Trade.

 

CANADIAN TRADE MINISTER LEADS ASEAN MISSION: Trade Minister Ng has this week been leading a Team Canada Trade Mission to Malaysia and Vietnam. The mission included more than 135 Canadian businesses and organizations and followed an earlier Team Canada Trade Mission to Japan.

 

SOUTH KOREA & BANGLADESH PURSUE CLOSER TRADE RELATIONS: South Korea and Bangladesh have agreed to identify ways of widening economic cooperation by bolstering trade and investment between the two economies. A key element will be a Trade & Investment Promotion Framework Agreement.

 

US TO VOTE ON PAPER SHOPPING BAG INQUIRY: The US International Trade Commission is to meet on April 16 to vote on a final phase of anti-dumping and countervailing duty inquiries into paper shopping bags imported to the US from countries including Cambodia, China, India, Malaysia, Taiwan and Vietnam.

 

AUSTRALIA LAUNCHES CATTLE INQUIRY: The Department of Agriculture is inquiring into the death of a large number of cattle while they were being shipped to Indonesia. The cattle had been inspected before their departure from Darwin. It says there is no suggestion exotic animal diseases were involved.

 

UK MOVES CLOSER TO CPTPP ENTRY INTO FORCE: The United Kingdom has moved closer to participating in the mega CPTPP Free Trade Agreement with its enabling legislation receiving Royal Assent. It is expected the UK’s membership of the regional agreement will enter into force by the end of the year.

You may also like
Trade Update – 12th April 2024: AUSTRALIA-KOREA FTA CELEBRATES BIRTHDAY, SOUTH KOREA REVIEWS CHIP RISK, CHINA LOBBIES AGAINST EU TARIFF RISK and many more…
FMC wants to fine MSC US$63 million for price gouging during COVID
Additional 1.7 million TEU’s needed due to Red Sea Rerouting
Trade Update – 5th April 2024: AUSTRALIA WILLING TO PURSUE EU FTA, THAILAND & SOUTH KOREA TO BEGIN FTA TALKS, TAIWAN TO HIT THE ROAD and many more…
Malcare WordPress Security