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Free trade flourishes without US and China
Weekly investor research
05 November 2018
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal is expected to launch on 30 December, which shows that other countries around the Pacific Rim believe in free trade even as protectionism flourishes elsewhere. In other news, Sergio Moro becomes Justice Minister in Brazil, Xi re-emphasises the importance of the private sector in China, and PDVSA pays the 2020 bond. Colombia puts forward tax reform, Turkey’s external balances improve, Goods & Services Tax collections hit INR 1trn in India, South Africa shifts focus to state-owned enterprise reform, Russia moves ahead of Switzerland, Netherlands and France in the World Bank ‘Doing Business’ rankings.