29 Apr 2021
Brexit leader Nigel Farage is wary of the UK joining the major pacific trading bloc CPTPP, warning the country could find itself being forced to accept “political harmonisation”, after having just left the European Union.
Earlier this week, International Trade Secretary Liz Truss said that the government was pushing ahead with plans to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and could do so in as little as 12 months.
The bloc is comprised of Pacific rim nations Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam and is the third-largest trading zone.
Political Integration ; Farage Wary of UK Joining Pacific Trade Bloc
breitbart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breitbart.com Daily Mail and Mail on Sunday newspapers.
Ong Kian Ming s statement on RCEP, CPTPP
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
IN 1902, Britain, Germany and Italy imposed a naval blockade on Venezuela after president Cipriano Castro refused to honour debts and pay damages incurred by European companies and citizens during the civil wars that followed the Republic’s independence from Spain.
Violent intervention is still employed by Western governments nowadays when they consider it necessary but more often as not their commercial interests are protected by international trade treaties and investment agreements.
Of these, more than 2,750 bilateral investment treaties, multilateral investment treaties and free trade agreements contain what are known as Investor State Dispute Settlement (ISDS) mechanisms whereby foreign investors can sue host countries for discriminatory practices that affect their future profitability.