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American Focus > Blog > Economy > EU eyes closer ties to transpacific bloc as Trump jolts trade order
Economy

EU eyes closer ties to transpacific bloc as Trump jolts trade order

Last updated: May 4, 2025 4:00 am
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EU eyes closer ties to transpacific bloc as Trump jolts trade order
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EU and CPTPP Explore Strategic Partnership Amid Trump Tariffs

As Donald Trump re-enters the White House, discussions are resuming on forging a strategic partnership between the EU and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc comprising 12 countries including Canada, Japan, and Mexico. The EU officials and senior diplomats are keen on strengthening ties with the CPTPP following Trump’s announcement of “liberation day” tariffs in April.

The European Commission is cautiously optimistic about the potential collaboration, emphasizing a structured approach towards cooperation with the CPTPP. European Commission president Ursula von der Leyen highlighted the shared goal of promoting fair trade globally and enhancing the functioning of the World Trade Organization.

The proposed partnership aims to cover digital and goods trade, encompassing economies that contribute significantly to global GDP. This initiative signals a commitment to upholding the rules-based trading system, which has been challenged by Trump’s trade policies.

Although a previous attempt to deepen ties in 2023 did not gain traction, a report by Sweden’s National Board of Trade highlighted the potential for the EU and CPTPP to become central players in world trade.

The CPTPP, established in 2018, offers equal treatment for investors and enhanced goods trade integration. While the EU already has bilateral agreements with nine CPTPP members, exploring a broader partnership has garnered support from countries like New Zealand, Canada, and Singapore.

While formalizing the partnership is still in the works, the upcoming Australian elections and EU-Australia trade talks could pave the way for initiating dialogue between the EU and CPTPP. Discussions on enhanced cooperation may also be raised at the Asia-Pacific Economic Cooperation (APEC) meeting in South Korea.

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Former EU trade commissioner Cecilia Malmström and other proponents emphasize the urgency of reaching a deal this year to defend rules-based trade. The potential partnership could involve a new code of conduct affirming commitment to WTO rules and dialogue on digital trade and sustainability.

While the EU is not currently considering joining the CPTPP, proposals include exploring areas like rules harmonization and cumulation of rules of origin to facilitate supply chain integration and trade facilitation between the two blocs.

Overall, the EU’s renewed interest in partnering with the CPTPP reflects a shift towards proactive engagement in shaping global trade dynamics, amidst evolving geopolitical challenges.

Additional reporting Nic Fildes in Sydney and Leo Lewis in Tokyo

focusing on how businesses can adapt to the changing landscape of remote work in a post-pandemic world.

The COVID-19 pandemic has forced businesses around the world to adapt to remote work in order to continue operations and ensure the safety of their employees. As we move towards a post-pandemic world, it is clear that remote work is here to stay. Businesses must now shift their focus to how they can effectively adapt to this new way of working in order to remain competitive and successful.

One of the key challenges that businesses face in the post-pandemic world is how to maintain productivity and collaboration among remote teams. In order to address this challenge, businesses must invest in technology that enables seamless communication and collaboration. This includes tools such as video conferencing software, project management platforms, and instant messaging applications. By providing employees with the right tools, businesses can ensure that remote teams are able to work together efficiently and effectively.

See also  Trump signs executive order to implement US-UK trade deal

Another important aspect of adapting to remote work is creating a strong company culture, even when employees are not physically present in the office. Businesses must find ways to foster a sense of community and connection among remote employees in order to maintain morale and engagement. This can be achieved through virtual team-building activities, regular check-ins with employees, and creating opportunities for social interaction outside of work tasks.

Additionally, businesses must be mindful of the mental health and well-being of their remote employees. Working from home can be isolating and overwhelming for some individuals, so it is important for businesses to provide support and resources for employees to maintain their mental health. This can include offering access to mental health resources, encouraging employees to take breaks and disconnect from work, and promoting a healthy work-life balance.

In the post-pandemic world, businesses must also be prepared to be flexible and adaptable in order to meet the changing needs of their remote workforce. This may include offering flexible work hours, providing options for hybrid work arrangements, and being open to feedback and suggestions from employees on how to improve the remote work experience.

Overall, adapting to the changing landscape of remote work in a post-pandemic world requires businesses to invest in technology, create a strong company culture, prioritize employee well-being, and remain flexible in order to succeed. By taking these steps, businesses can ensure that they are able to thrive in a remote work environment and continue to be successful in the future.

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