57 COUNTRIES SET TO SIGN ON TO CHINA-BACKED INVESTMENT BANK AIIB

SOURCE: JAPAN TIMES One of China’s biggest foreign policy successes ever will take concrete shape Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing. The founding members of the China-backed AIIB will sign articles of agreement that decide each member’s share and the bank’s initial capital. The multilateral institution, seen as …

AUSTRALIA AND CHINA SIGN FREE TRADE AGREEMENT

SOURCE: THE BULLETIN PANAMA Food products, manufacturing and tourism are sectors that Australians will benefit from this treaty, according to the Australia China Business Council. Australia and China signed a free trade agreement after more than ten years of negotiations. Its aim is to boost growth and job creation by reducing tariffs in various sectors. The trade ministers of Australia, …

BRICS CENTRAL BANK EXPERTS MEET IN TURKEY TO FINALIZE JOINT MONETARY FUND

SOURCE: THE BRICS POST BRICS central banks experts are holding a two-day meet for drafting an operating agreement on the BRICS Contingency Reserve Arrangement (CRA) this weekend. Officials from the five BRICS countries are meeting in Bodrum, Turkey on Saturday and Sunday to finalise the joint monetary fund ahead of the 7th Leaders Summit in Russia. Russia’s Vladimir Putin, China’s …