China will take on the Asia Leadership in trade with RCEP and FTAAP.
It will compensate for the loss in TPP.
US will start to lose influence in Asia Pacific.
ricky l
now
The entire Asia Pacific region will have to slowly recalibrate its Economic integration and Security integration - as Trump unveil its policies that affect Asia-Pacific.
A new order in Asia Pacific will evolve depending how Trump policies affect the region.
ricky l
9 seconds ago
Good things is that, we have mostly friends and no enemies in Asia Pacific.
Realignment, re-calibration and readjustment will be uncomfortable initially - but as new-order fall in place, it will be business as usual.
Thus impact to us will not be too serious.
ricky l
20 seconds ago
It is thus important to make friends and more new friends while making less enemies.
Any sudden changes in geopolitical influences and alignment, - we can adjust and re-align without major repercussions.
We only need to get used to the new order as it unfold.
ricky l
in 1 second
There are 3 more opportunities to negotiate for trade deals with Canada, Mexico and UK.
ricky l
now
UK is a $2.6 trillion Economy.
Canada is a $1.6 trillion Economy.
Mexico is a $1.1 trillion Economy.
So overall trading with a $6 to 7 trillion Economies - not too bad a deal.
ricky l
10 seconds ago
When this happen, we will have cover almost the whole world.
(1) FTA with China and the soon RCEP, FTAAP, One Belt One Road to cover the whole Asia Pacific region.
(2) ASEAN Economic Community
(3) FTA with EU
(4) FTA with Eurasian Economic Community - that cover Russia and Central Asia
(5) FTA with US
(6) FTA with Africa Economic Union
(7) FTA with some Latin American Countries.
ricky l
now
One region that is missing - is the Arab region.
Singapore to pursue other trade agreements after US pullout from TPP
Posted 24 Jan 2017 17:16
Updated 24 Jan 2017 17:37
The US negotiated the TPP with 11 Pacific Rim countries but new US President Donald Trump has pulled the country out of the agreement. (AFP/Robyn Beck)
SINGAPORE: Singapore will continue to participate in other regional trade integrations initiatives, after the United States indicated it will put out of the 12-country Trans-Pacific Partnership (TPP), its Ministry of Trade and Industry (MTI) said on Tuesday (Jan 24).
On Monday, newly installed US President Donald Trump signed an executive order to remove the country from the trade pact, making good on a pledge to scrap a deal he denounced as a "job killer" and a "rape" of US interests.
The TPP trade pact was promoted by Mr Trump's predecessor and the agreement was signed in 2015 by participating countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US and Brunei - but it had not been ratified.
"Singapore is committed to pursuing a rules-based trading system and greater regional integration. The agreement that the TPP parties has negotiated is one such pathway to achieve stronger trade linkages that will promote growth opportunities and job creation in all the member countries," MTI said.
Commenting on Monday's development, an MTI spokesperson said on Tuesday that without the participation of the US, the TPP agreement as signed cannot come into effect.
However, there are other regional integration initiatives still ongoing, including the Regional Comprehensive Economic Partnership and the proposal for a Free Trade Area of the Asia-Pacific, the ministry added.
"Singapore will continue to participate in these initiatives," the spokesperson said.
Singapore to pursue other trade agreements after US pullout from TPP