Because of Australia’s existing trade agreements with other RCEP member countries, substantial tariff cuts on Australian exports are not the major advantage for us. But just as significant as trade flows, however, are the geopolitical implications of RCEP.
While the post-COVID-19 recovery will be difficult, it provides opportunities to develop new technologies that can generate new businesses, industries, jobs, and sustainable, low-carbon growth.
With China’s economy showing signs of recovery as the country begins to emerge from the COVID-19 epidemic, we can’t lose commercial sight that China remains incredibly important in the medium-long term to Australia.
The 2020 World Economic Forum (WEF) identified the erosion of international institutions as a major challenge to managing and responding to pressing global concerns.
The UK election is on today and the overhanging issue of Brexit is making this battle between Conservative Tories and the Labour Party enthralling viewing.
All trade deals are challenging, but the current global geopolitical climate means the Regional Comprehensive Economic Partnership is more challenging than others.
The G7, made up of leaders from France, Germany, the UK, Italy, Japan, Canada and the US, like many other global governance institutions, is not and has never been perfect.
The purpose of the G20 when it was founded after the GFC in 2008 is for leaders to work together to deliver ‘strong, sustainable, balanced and inclusive growth’.
