• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, September 9, 2026
  • 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
in World, Asia

Australia to oppose China’s bid to join trade pact

Maynard Championby Maynard Champion
September 18, 2021
Reading Time: 3 mins read
Add as Preferred on Google
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.

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.

ADVERTISEMENT

“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.

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.

ADVERTISEMENT

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.

ADVERTISEMENT

“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

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Asia PacificChinasecurityTrade pactWTO
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

Gambia's President Adama Barrow
Africa

President Barrow Calls for Calm Over Gambia’s Prolonged Power Cuts

September 9, 2026
Seal of United States Central Command.svg
Asia

US Strikes Five Iranian Oil Tankers

September 9, 2026
A ship at sea
Around the Globe

Global Shipping Faces ‘Unprecedented’ Convergence of Maritime Crises

September 9, 2026
3750
Europe

Ukraine’s Prosecutor General Resigns Amid Corruption Scandal

September 8, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Ben Shelton reach first US Open Semi Final

Ben Shelton Stuns Alcaraz in US Open Latest-ever Finish to Reach Semis

September 9, 2026
Daniel Fenyi, Head of Public Relations at GES,

Ministry/GES Should Be Applauded for Reducing Numbers From 100,000s to 50,000s – Fenyi

September 9, 2026
President John Dramani Mahama presents financial package to Dr. Kwame Kyei, President of Nations FC

Mahama Supports Medeama and Nations With GH¢684,000 For Continental Campaigns

September 9, 2026
Gambia's President Adama Barrow

President Barrow Calls for Calm Over Gambia’s Prolonged Power Cuts

September 9, 2026
Ghana National Association of Private Schools

Education Expert Says BECE Placement Policy Puts Private Schools Under Pressure

September 9, 2026
ADVERTISEMENT
Next Post
Tawa Bolarin

SMEs to Benefit from Vodafone Business

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.