Panama President Laurentino Cortizo said he intends to immediately restart negotiations with China over a free trade agreement, after conversations were put on hold during the pandemic.
Malaysia views US President Joe Biden's proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact.
The fact that the China-Maldives Free Trade Agreement has not come into effect causes worries for the Chinese enterprises that intend to do businesses in Maldives, has stated the Chines Ambassador to Maldives.
While China has empathy for Sri Lanka’s economic plight and is keen on helping it, there ought to be “an early start of the negotiation and signing of the Free Trade Agreement, so as to enhance mutually beneficial cooperation.
The Indo-Pacific Economic Framework seeks to establish trade rules and is widely seen as an effort by the US to counter China’s influence in the Asia-Pacific region.