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Carney constructs a mega anti-Trump trade alliance (www.politico.eu)

submitted 2 weeks ago by Eyekaytee@aussie.zone to c/worldnews@aussie.zone

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The middle powers are taking action. The EU and CPTPP are starting talks this year to strike an agreement to intertwine the supply chains of members like Canada, Singapore, Mexico, Japan, Vietnam, Malaysia and Australia with Europe.

It would bring nearly 40 nations on opposite sides of the globe closer together with the aim of reaching a deal on so-called rules of origin.

These rules determine the economic nationality of a product. A deal would allow manufacturers throughout the two blocs to trade goods and their parts more seamlessly in a low-tariff process known as cumulation.

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[–] TheCriticalMember@aussie.zone 4 points 2 weeks ago

I'd support any initiative that strengthens our relationship with the EU and puts distance between us and the US. The EU is of course far from perfect, but they seem to be the closest thing to a sane global power these days. It's past time for all countries to decide whether they're going to prioritise human rights and stability, or the whims of oligarchs, because the two seem to be mutually exclusive.