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Nature abhors a vacuum. China already welcoming other nations in Pacific Trade deal.

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  • Nature abhors a vacuum. China already welcoming other nations in Pacific Trade deal.

    Without the US of course. China has been making agreesive moves to leverage it's sidelined trade organization into the forefront with the pull back of the US with TRP dead.

    http://www.japantimes.co.jp/news/201.../#.WDOvQeYrKUk

    China will position itself as free trade’s new champion at an Asia-Pacific summit this weekend, with the Communist government seeking to project economic leadership as the Trans-Pacific Partnership languishes under President-elect Donald Trump.

    The China-backed Regional Comprehensive Economic Partnership, a rival pact that excludes the United States, has become the front-runner for new free trade deals in the region.

    The RCEP and the TPP — which excludes China — were viewed as parallel, if competing pathways, to an eventual broader Asia-Pacific free trade zone. But when Beijing hosted the APEC meeting in 2014 and pushed the Free Trade Area of the Asia-Pacific, or FTAAP, as a framework for liberalizing Pacific Rim trade, the United States saw it as a distraction from TPP.

    Now, the RCEP is likely the main avenue to a future FTAAP, giving China, as the largest economy among the deal’s 16 countries, a driving role in the future of Asia-Pacific trade.
    South America will jump on board, same with Central America:

    This week, Peru’s trade minister said it was engaging China on ways to get involved with RCEP negotiations. If Lima joined the talks, which is unlikely until existing members come to terms, it would be the only participant from the Americas and could encourage other TPP signatories in Latin America to follow suit.
    Australia is game also.

    Other TPP members, including staunch U.S. ally Australia, have said they will pursue other free trade options in Asia.

    Malaysia has said it would shift its focus from TPP to RCEP, and Vietnam, which is also party to both deals, will shelve its ratification of TPP due to political changes in Washington.
    Oh forgot Malaysia and Vietnam.

    End result, exports to Asia slow and sink.

    Trade experts say that in addition to dealing a blow to U.S. influence, TPP’s failure could mean U.S. goods lose out on lower tariffs and market access to RCEP countries, including Japan, China and India. Proposed dates for an agreement have come and gone, but an RCEP deal could be reached as soon as next year.
    “The time has come,” the Walrus said,
    “To talk of many things:
    Of shoes—and ships—and sealing-wax—
    Of cabbages—and kings—
    And why the sea is boiling hot—
    And whether pigs have wings.”
    ― Lewis Carroll

  • #2
    Can Trump reinvigorate the market for buggy-whips?



    Donald Trump is just the latest purveyor of the fantasy that we can return to an economic golden age replete with metal lunchboxes, smokestacks, and acid rain. Britain's Clem Attlee made his political career on pitching that fantasy. Considering how it ended in the UK, let's hope that Trump is hypocrite enough to treat campaign promises like the garbage they are.
    I was married for two ******* years! Hell would be like Club Med! - Sam Kinison

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    • #3
      So all of the US is going to suffer under Agent Orange.
      "Ask not what your country can do for you"

      Left wing, Right Wing same bird that they are killing.

      you’re entitled to your own opinion but not your own facts.

      Comment


      • #4
        Originally posted by Combat Engineer View Post
        Without the US of course. China has been making agreesive moves to leverage it's sidelined trade organization into the forefront with the pull back of the US with TRP dead.

        http://www.japantimes.co.jp/news/201.../#.WDOvQeYrKUk






        South America will jump on board, same with Central America:



        Australia is game also.



        Oh forgot Malaysia and Vietnam.

        End result, exports to Asia slow and sink.
        And South American, Central America, Malaysia, et al can provide cheaper labor than China can, now that the Chinese workers have tasted the fruits of capitalism.

        Bad move on China's part. Of course, they all share China's lack of quality control.
        Quis Custodiet Ipsos Custodes? Who is watching the watchers?

        Comment

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