• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, November 14, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Australia to oppose China’s bid to join trade pact

M.Cby M.C
September 18, 2021
Reading Time: 3 mins read
trade

China-Australia flags

Australia, through its Trade Minister, Dan Tehan has stressed that it will oppose China’s bid to join a key trade pact until it ends trade strikes against Australian exports and resumes high level meetings with its government.

China, earlier this week, formally applied to join the world’s biggest trading agreement– the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). But its admittance is hinged on the unanimous support of all the pact’s members.

The CPTPP was signed by 11 countries including Australia, Canada, Chile, Japan and New Zealand in 2018. The original Trans-Pacific Partnership (TPP) was promoted by then-President Barack Obama as an economic bloc to challenge China’s increasingly powerful position in the Asia Pacific.

RelatedPosts

Canada Poised To Rebuild Ties With India

Police And Crime Commissioners To Be Abolished

Merz Discusses Ukraine’s Anti-Corruption Efforts With Zelenskyy

According to Tehan, China cannot join the pact until it convinces members of its “track ­record of compliance” with existing trade agreements and Word Trade Organization commitments. And this is a standard process that would require Beijing to resume high-level dialogue with Australia, Tehan opined.

“CPTPP parties would also want to be confident that an ­accession candidate would fully implement its commitments under the agreement in good faith. “As we have conveyed to China, these are important matters which require ministerial engagement.”

Dan Tehan, Australia’s Trade Minister

Other members of the CPTPP, like Japan in reacting to China’s application said it would have to determine if China meets the ‘extremely high standards’ of the CPTPP.

Prior to this new development, Australia has lodged disputes against China in the World Trade Organization (WTO) on ­restrictions on exports of barley and wine imposed by Beijing.

ADVERTISEMENT
Canberra’s Security Pact stokes Beijing’s Anger

This notwithstanding, there appears to be ‘some tension’ between Australia and China. Beijing is angered by Australia’s decision to acquire US nuclear-powered submarines in a new security pact “AUKUS”.

Following this, Chinese President Xi Jinping indicated that such a deal is a ground for ‘interference from external forces’ in the region.

However, for Canberra, this deal is in line with its promises to defend the rule of law in airspace and waters where China has staked hotly contested claims.

The deal has resulted in Australia cancelling its US$90 billion contract with France for diesel submarines. More so, the deal is intended to see the US and the UK share sensitive technology with Australia to let it develop its first nuclear-powered submarines.

In an address, Xi urged heads of state to “absolutely resist external forces to interfere [in] countries in our region at any excuse, and hold the future of our countries’ development and progress firmly in our own hands.”

Responding to Beijing’s reaction, Peter Dutton, Australia’s Defence Minister dismissed the reaction highlighting that, “this is not the first time that we’ve seen different outbursts from China in terms of Australia’s position.

“We are a proud democracy in our region. We stand with our neighbours in the Indo-Pacific to ensure enduring peace and this collaboration makes it a safer region. That’s the reality and no amount of propaganda can dismiss the facts.”

Peter Dutton, Australia’s Defence Minister

Meanwhile, France, which lost out on this security pact has recalled its Ambassadors to US and Australia for consultations sparked by the “exceptional seriousness” of Australia’s decision to abrogate the deal.

READ ALSO: STC has lost nearly GH¢40 million because of COVID- Nana Akomea

Tags: Asia PacificChinasecurityTrade pactWTO
Share2Tweet1ShareSendSend
Please login to join discussion
Previous Post

Diversification and Digitalization to improve revenues by 6% of GDP each year- IMANI

Next Post

SMEs to Benefit from Vodafone Business

Related Posts

reuters 6915fd62 1763048802
Asia

Canada Poised To Rebuild Ties With India

November 13, 2025
3333
UK

Police And Crime Commissioners To Be Abolished

November 13, 2025
France Defends Israel After Attack on Iranian Military, Nuclear Sites
Europe

Merz Discusses Ukraine’s Anti-Corruption Efforts With Zelenskyy

November 13, 2025
EU Seeks To Lower Price Cap On Russian Oil In Latest Sanctions Proposal
Europe

EU To Disburse €6 Billion Loan To Ukraine

November 13, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
USA

Trump Signs Spending Bill To End Longest Shutdown In US History

November 13, 2025
File photo
USA

House Of Representatives To Vote On Bill To End Shutdown

November 12, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
General News

Government to Pass Public Officers Bill to Strengthen Anti-Corruption Efforts

by Evans Junior OwuNovember 14, 2025
Dr. Cassiel Ato Forson, Minister of Finance
General News

President Mahama’s Big Push Infrastructure to Drive Ghana’s Economic Transformation in 2026

by Silas Kafui AssemNovember 13, 2025
Dr. Cassiel Ato Forson
Economy

Domestic Production Drove Economic Growth in 2025H1 to 6.3% – Ato Forson

by Michael Teye-Bio NaduteyNovember 13, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
General News

Ghana Saves GH¢10.4bn Through Arrears Audit – Ato Forson

by Evans Junior OwuNovember 13, 2025
Rural Electrification
Extractives/Energy

Ghana Targets Energy Stability Through Reforms in 2026 Budget 

by Prince AgyapongNovember 13, 2025
Hon. Dr. Cassiel Ato Forson, Minister for Finance
General News

Govt Prioritizes Social Protection Despite Fiscal Consolidation

by Emmanuel Tibila BoasahNovember 13, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
Dr. Cassiel Ato Forson, Minister of Finance
Dr. Cassiel Ato Forson
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson
Rural Electrification
Hon. Dr. Cassiel Ato Forson, Minister for Finance

Recent News

Ghana’s Minister for Finance, Dr. Cassiel Ato Forson

Government to Pass Public Officers Bill to Strengthen Anti-Corruption Efforts

November 14, 2025
Dr. Cassiel Ato Forson, Minister of Finance

President Mahama’s Big Push Infrastructure to Drive Ghana’s Economic Transformation in 2026

November 13, 2025
Dr. Cassiel Ato Forson

Domestic Production Drove Economic Growth in 2025H1 to 6.3% – Ato Forson

November 13, 2025
Ghana’s Minister for Finance, Dr. Cassiel Ato Forson

Ghana Saves GH¢10.4bn Through Arrears Audit – Ato Forson

November 13, 2025
Rural Electrification

Ghana Targets Energy Stability Through Reforms in 2026 Budget 

November 13, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address