Thursday, June 20, 2019

Trade disputes to dominate as ASEAN meets in Bangkok
Read more at https://www.channelnewsasia.com/news/asia/trade-disputes-to-dominate-as-asean-meets-in-bangkok--11644666

20 Jun 2019 01:38PM
Danny Lum
Beijing is intensifying its drive to sign a massive trade pact - RCEP.
New Delhi is the "glaring objector" to the free trade deal.
Australia and New Zealand pushing for "high quality" environmental and labour protections.
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(1) There should be more urgency in bridging the differences - and try to conclude the RCEP - given the global trade war escalating.

(2) RCEP is the biggest market to cushion the impact of Trump trade war - that is impacting everyone - including China, India, SE-Asia and even Australia and New Zealand.

(3) The urgency is there - and "compromise, give-and-take" should take precedent to conclude the RCEP - else the whole World will suffer from global recession, lost business and jobs.
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