ISDS Case Map
China
Chinese Ambassador to Cambodia said the second round of FTA negotiation had just taken place through the teleconference and both sides had reached broad consensus.
Given China’s influence gradually ebbing as a major supply chain hub in the region and Japan and Japan asking its investors to withdraw from China, new opportunities emerge for India to woo investment from these nations.
Stepping into the role that the United States could have had at the helm of TPP, Beijing has offered a deal that puts it firmly in a leadership role. Through RCEP, the future of the broader Asia-Pacific economy has a diminished role for the United States.
Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic.
China’s economy is expected to grow this year, it is capable of generating the jobs and trade needed for recovery, and looks ready to lead. In contrast, the US economy is shrinking and champions of free trade and investment are lacking.
India plans to resume discussion on “outstanding trade issues” with China, including those related to the RCEP, once the Covid-19 situation stabilises.
Pakistan Ambassador to China has said that a number of mechanisms have been established to complete all projects under China-Pakistan Economic Corridor (CPEC) within the prescribed timeframe in order to achieve the desired goals.
As Donald Trump ups the pressure on China regarding coronavirus, the hard-fought trade deal between the two countries is falling by the wayside.
The two sides have been making slow progress, but vice-premier Liu He’s phone conversation with his European counterparts is seen as an attempt by Beijing to refocus attention on the matter.
The second round of negotiations for a Cambodia-China Free Trade Agreement (FTA) highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years.
