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Pacific Rim trade bloc meets in Tokyo, prepping for growthTOKYO (AP) — Trade ministers of a Pacific Rim trade bloc were meeting in Tokyo on Saturday, gearing up to roll out and expand the market-opening initiative. The Pacific Rim free trade agreement, rejected by President Donald Trump after he took office in 2017, took effect at the end of last year after Australia became the sixth nation to ratify it. So far, seven of the 11 member countries have done so, and the others are expected to follow through soon. Known as the Comprehensive and Progressive Trans-Pacific Partnership, it aims to streamline trade and slash tariffs to facilitate more business among member nations with a combined population of nearly 500 million people and GDP of $13.5 trillion. Do they have mechs And America missing out on this opportunity ceding a good opportunity to challenge China on trade..
Source: AP - 🏆 728. / 51 Read more »
France Asks Renault to Name Successor to Carlos GhosnFrance’s finance minister said Renault has been asked to call a board meeting in the coming days to name new leadership. Renault CEO and Chairman Carlos Ghosn has been held in a Tokyo jail since his arrest on Nov. 19. Renault is a private company. Why should the government intervene? Let them sort out their problem themselves.
Source: WSJ - 🏆 98. / 63 Read more »