Frihandel i media vecka 48


Frihandel bland turkspråkiga. Turkiets ekonomiminister Nihat Zeybekci vill ha frihandel mellan de turkisktalande länderna. De är Azerbaijan, Kazakhstan, Kirgizistan och Turkiet. Den turkiska tidningen Daily Sabah skriver:

”Turkic countries are not rivals of each other. Trade must be free on a large scale among the Turkic Council countries,” Zeybekci said at a meeting of the Ministers of Economy of Turkic Council in Istanbul.

The Cooperation Council of Turkic Speaking States, also known as Turkic Council, was establish in 2009 to promote cooperation among Turkic-speaking states, including Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey.

Zeybekci underlined that free trade among the Council members would accelerate their economic power.

Turkic countries complement each other, and may have a strong place in global trade, economy and raw material and finished product markets by coming together, Zeybekci said.

The minister said that the Turkic region and the global economy were going through a major transformation and these countries had to have a long-term road map to provide wealth for their citizens.

”If the Turkic world can cooperate in this time, then it would be the gamesetter and rule-maker in its region. As a first step, we should remove the trade obstacles that stand in our way,” Zeybekci added.

Turkey’s total exports to three Turkic states — Azerbaijan, Kazakhstan and Kyrgyzstan — totaled $2.2 billion while imports from these countries stood at nearly $1.5 billion last year, according to the Turkish Statistical Institute.”


Känsligt om Kina. CNBC skriver om Kanadas premiärminister Justin Trudeau som rör sig mycket försiktigt när det gäller ett frihandelsavtal med Kina. Många i Kanada är tveksamma till projektet eftersom Kina inte är den frihandelsnation som dess ledare skryter om:

”Just days ahead of a Beijing visit, Canadian Prime Minister Justin Trudeau has yet to decide on whether to launch talks on a free trade deal that China has long pressed for and could face a cool reception over his government’s decision to snub Chinese interest in Bombardier.

China wants a free trade pact similar to the ones it has with Australia and New Zealand but Trudeau, aware of domestic unease at the idea, is moving slowly.

”No decisions have been taken at this end as a government,” a Canadian source familiar with the matter said about the possibility of talks being announced during Trudeau’s Dec 3-7 visit.

Trudeau’s office declined to comment.

Trudeau is caught in a tough position. Although polls consistently show Canadians are split over the merits of a trade deal, Canada needs to diversify exports to offset the possible damage done if the United States pulls out of NAFTA. Any China trade deal would take a decade to complete, insiders say.

The prime minister also faces pressure stemming from distinct signs of impatience from China. Beijing laments what it sees as Canada’s ”vague thinking” about a deal, said one person briefed on the Chinese position who asked to remain anonymous given the sensitivity of the situation.

The Canadian source said the government was aware of Chinese impatience but, while diversification is important, Ottawa was setting ”a high bar in terms of what trade means for Canadians.”

”While they may be impatient to move forward, I think they understand that,” the source said.

Foreign executives operating in China complain about difficult working conditions, arbitrary decisions by local courts and lack of protection for intellectual property rights.”


Försäkringstrubbel. Londons försäkringsindustri vill ha ett frihandelsavtal med EU för branschen skriver Financial Times:

”The City of London’s commercial insurance industry will on Wednesday outline how it wants to trade with the EU after Brexit.

The proposals include an insurance-specific free trade agreement and measures to solve the thorny issue of how the industry can pay out on long-term pension and other contracts written under EU rules.

London is the largest centre for commercial insurance in Europe, with over £8bn of premiums coming into the UK each year from the rest of the EU.

Brexit could threaten London’s position, said Malcolm Newman of the London Market Group, an industry association. “What we are afraid of is that the economic cluster we have over here would be damaged over time. It is not direct and immediate damage, it is the fear of a long-term drift.”

The LMG’s free trade agreement proposals would reduce those risks by allowing insurance business to continue to flow between the UK and the EU after Brexit.”