July 11, 2018: As the next round of negotiations in the Regional Comprehensive Economic Partnership gets underway in Bangkok, the main dynamic is resistance by India to tariff reduction demands by Australia and New Zealand, and to medicine monopoly demands by Japan and South Korea. The RCEP involves the 10 ASEAN countries, plus China, India, Japan, South Korea, Australia and New Zealand.
Regional Comprehensive Economic Partnership (RCEP)
July 3, 2018: Last Sunday, Regional Comprehensive Economic Partnership trade ministers met in Tokyo in an effort to maintain political momentum to reach an agreement by the end of 2018. Japanese Prime Minister Shinzo Abe tried to take the initiative in the RCEP away from ASEAN as desperation deepens about the mounting trade war initiated by US President Donald Trump.
4 May 2018: Today, several civil society groups have released a statement criticising their exclusion from the Regional Comprehensive Economic Partnership (RCEP) talks in Singapore this week.
While Transnational Corporations and business groups have been invited to discuss their interests and concerns at the Singapore round of talks, civil society groups have been silenced. The full statement, posted on bilaterals.org, is copied below.
March 19, 2018: Jim Stanford from the Australia Institute writes in The Guardian that Trump’s unilateral and xenophobic approach to trade policy is dangerous and could lead to trade conflict. He argues we need an alternative to both Trump’s unilateralism and to corporate-dominated trade deals like the TPP.
March 8, 2018: After Regional Comprehensive Economic Partnership (RCEP) negotiators met in Singapore this week to continue talks, ASEAN sources have told journalists that they are working towards a ‘substantial conclusion’ in 2018.
12 February 2018: The latest round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) agreement have just concluded in Jakarta. Japan, the second largest exporter of intellectual property in the world, is leading the push for extended intellectual property protections.
January 19, 2018: A new report by Greenpeace, Justice for People and Planet, uses 20 case studies of global corporations to explain how corporate power is being used to violate human rights and environmental rights. The report argues that governments should adopt 10 Principles for Corporate Accountability to curb ‘corporate capture, collusion and impunity’.
January 16, 2018: Bloomberg reports that Japan’s income from monopolies on brands, patents (including medicines) and copyright has jumped by 74% over the past five years to a record high. That is why Japan has replaced the US as the major champion of stronger medicine and copyright monopolies in the TPP-11 and RCEP negotiations.
January 9, 2018: A working group of the United Nations Commission on International Trade Law (UNCITRAL) recently held talks to discuss current concerns about the investor-state dispute settlement (ISDS) scheme, and possible reforms. UNICTRAL is one of the two bodies which provides panels of investment law arbitrators for ISDS disputes.