Kuala Lumpur, Malaysia, 20 November 2020 Issued by the APEC Economic Leaders’ Meeting The leaders of the 21 APEC member economies issued the Kuala Lumpur Declaration following the first-ever virtual 27th APEC Economic Leaders’ Meetingchaired by Malaysian Prime Minister Muhyiddin Yassin. Convening for the first time since the last meeting in Papua New Guinea in 2018, leaders agreed to the joint declaration under the 2020 APEC Malaysia theme of Optimising Human Potential towards a Resilient Future of Shared Prosperity. Pivot. Prioritise. Progress. They also revealed…
Issue: 005 – April 2021
AUSTRALIA’S CHINA WINE DISPUTE HEADED TO WTO: A WTO Dispute Panel is likely now that China has hiked five-year anti-dumping duties on Australian wine to between 116 and 218 per cent. Trade Minister Tehan described China’s action as “extremely disappointing and completely unjustifiable.”
AUSTRALIAN PRODUCERS RESPOND TO CHINA HIT: Australian wine producers are responding to China’s anti-dumping duties by chasing new markets. Industry leader Tony Battaglane said wine producers would now focus on growing demand for Australian wine in other markets across Asia, Europe, USA and UK.
USTR TRADE MEETINGS BY VIDEO: United States Trade Representative Katherine Tai has spent her first days in office in virtual meetings with the Trade Ministers of Australia, Canada, India, Indonesia, Japan, Korea, Singapore, EU and UK. She is also scheduled to participate in this week’s G7 Trade Ministers meeting hosted by the UK.
PBEC – Pacific Basin Economic Council is by invitation ONLY a members based institution, that supports connectivity and cross-border regulatory standardisation efforts within APAC for all technological advancements, through dialogue, engagement and collaborative efforts.
PBEC’s focus is to continual attain recognition as the most comprehensive multilateral platform for APAC business leaders to engage with, advocating key trade issues of importance under a fair rules based system, thus promoting cooperation amongst member States to achieve inclusive, sustainable economic and social development in Asia and the Pacific.