China's government says it remains confident it can strike a sweeping trade and security agreement with 10 Pacific Island states despite being forced to shelve its proposed agreement.
China and Papua New Guinea held talks on a free-trade deal, as Beijing's foreign minister wrapped up a landmark tour of the Pacific Islands with a stop in the resource-rich nation.
Pacific Island countries have agreed not to sign a region-wide trade and security deal with China after a high-level meeting between Chinese Foreign Minister Wang Yi and his counterparts from 10 Pacific nations in Fiji.
Except for India and the US, all other nations in IPEF are part of the RCEP rival bloc. India’s aversion to a pact which includes China has geopolitical considerations at its root.
China has put forward plans to dramatically expand security and economic cooperation with South Pacific nations, in what one regional leader called a thinly veiled effort to lock them into "Beijing's orbit"
Efforts by Switzerland to refresh its free trade agreement with China have stalled as Bern takes a more critical view of Beijing’s human rights record.
Unlike traditional FTAs, the IPEF employs a menu-based approach in which countries would launch separate negotiations under the four pillars of the initiative.
Fiji will become the 14th country and first Pacific island nation to join the US' economic framework, the White House announced, delivering a boost to Washington’s efforts to counter growing Chinese influence in the Asia Pacific.
The European Union will upgrade its trade and investment relations with Taiwan, as it looks to tap into Taipei’s “role as a hi-tech leader”, having earlier ditched the plan to avoid angering China.