Donald Trump’s return to the White House is reviving a stalled plan to forge a strategic partnership between the EU and a key Indo-Pacific trade bloc, according to EU officials and senior diplomats.
Plans to build stronger links between Brussels and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — a group of 12 countries that includes Canada, Japan and Mexico — have gained momentum following Trump’s “liberation day” tariffs announcement in April.
A European Commission official said that while it is “still very early days”, the two sides have “moved into a space where we’re willing to look at some sort of structured co-operation with [the] CPTPP”.
European Commission president Ursula von der Leyen told the FT in April that the two sides wanted to co-operate on “rules about how fair trade around the world is functioning to the better of mankind”.
Both blocs wanted to use the current turmoil to look into what had to be improved at the World Trade Organization “and how can we work closer together to make this happen”, von der Leyen said.
Posted by John3262005
2 Comments
> I guide others to a treasure I cannot possess
My raging cptpponer knows no bounds. As an NZer, all shall eventually render unto Caesar what is Caesar’s.