Japan Wants to Revive the Trans Pacific Partnership Even Without the U.S.
Robbie Gramer
ricky l
“There was a potential Trump could view [reviving TPP] as a slap in the face,”
While Japan sorts that out, the Trump administration may be warming up a bit to the kind of sprawling trade pacts that were so ill-treated during the campaign.
On Monday, U.S. Secretary of Commerce Wilbur Ross told the Financial Times he was open to the idea of a free trade deal with the European Union. The first attempt, the Transatlantic Trade and Investment Partnership, sputtered and all-but died after three years of negotiations, but Trump stopped short of withdrawing from it like he did TPP. That was by design, Ross said.
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This show that Trump administration is now resigning to fate that bilateral deal is not as big and as beneficial to multi-lateral trade deals such as the TPP and EU-US deal.
Trump has "slapped" all the TPP members across the face when he cancel the TPP the first day he ascend the office.
Now Japan want to revive the TPP with all other members will be a positive start.
In future if Trump wan to join TPP again, the rest of the TPP members should return the favor "a return slap on Trump's face" and the conditions to join with be in the favor of the rest of the TPP members.
This will be a lesson that Trump learn - not to be cocky and arrogant.
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Meanwhile, Trump’s grand plan to scrap multilateral trade deals in favor of bilateral ones could hit a big wall in Asia. After being the most aggressive voice pressing for tough reforms and concessions to get TPP done, Washington can’t really ask bilateral partners for more concessions, Altman said
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Trump hitting a great wall with Asia on bilateral trade negotiation - is a return "half slap" - for Trump's cockiness in canceling the TPP and the remarks that TPP steal US jobs.
Now who hurt more? It is Trump and US.
While Japan sorts that out, the Trump administration may be warming up a bit to the kind of sprawling trade pacts that were so ill-treated during the campaign.
On Monday, U.S. Secretary of Commerce Wilbur Ross told the Financial Times he was open to the idea of a free trade deal with the European Union. The first attempt, the Transatlantic Trade and Investment Partnership, sputtered and all-but died after three years of negotiations, but Trump stopped short of withdrawing from it like he did TPP. That was by design, Ross said.
---
This show that Trump administration is now resigning to fate that bilateral deal is not as big and as beneficial to multi-lateral trade deals such as the TPP and EU-US deal.
Trump has "slapped" all the TPP members across the face when he cancel the TPP the first day he ascend the office.
Now Japan want to revive the TPP with all other members will be a positive start.
In future if Trump wan to join TPP again, the rest of the TPP members should return the favor "a return slap on Trump's face" and the conditions to join with be in the favor of the rest of the TPP members.
This will be a lesson that Trump learn - not to be cocky and arrogant.
====
Meanwhile, Trump’s grand plan to scrap multilateral trade deals in favor of bilateral ones could hit a big wall in Asia. After being the most aggressive voice pressing for tough reforms and concessions to get TPP done, Washington can’t really ask bilateral partners for more concessions, Altman said
===
Trump hitting a great wall with Asia on bilateral trade negotiation - is a return "half slap" - for Trump's cockiness in canceling the TPP and the remarks that TPP steal US jobs.
Now who hurt more? It is Trump and US.
ricky l
This Universal Law of Karma is very fair.
Once Trump give a tight slap across the TPP members' faces - in return now Trump got a "return slap".
So don't be cocky.
In international foreign relationship, there is reciprocal benefits or collateral damage.
This is a lesson Trump must learn and learn fast.
Once Trump give a tight slap across the TPP members' faces - in return now Trump got a "return slap".
So don't be cocky.
In international foreign relationship, there is reciprocal benefits or collateral damage.
This is a lesson Trump must learn and learn fast.
TGH
what does Singapore stand to gain from the USAless TPP pact? There are no giant markets like USA and China ... it has instead becoming an international political fight between Japan and China.
- 21 seconds agoricky lNo need to put a political dimension into the TPP wihich is mainly trade base.
China is invited to the latest TPP meetings to gauge China's interest to join the TPP.
US under Trump has cancelled it - and it is ok to leave US out.
TPP in future is meant to integrate with the FTAPP champion by China and provide a potential multi-lateral integration with RCEP.
Don't jump the gun without understanding the underlying benefits of multi-lateral trade deals. - 11 seconds agoricky lIn the context of protectionism and isolation brewing in US and Europe - there is greater urgency to open doors to multi-lateral trade deals - to promote trade, business, investment and push-back against protectionism and isolation.
If Trump has small heart, we should have bigger heart - and bigger mind.
- 12 seconds agoricky lAnd based on the latest update, TPP minus US will likely to go ahead.
RCEP seems to have hit a roadblock where both China and India have problem coming to an agreement.
Hopefully the signing of TPP minus US will give impetus for China and India to clear the roadblock and expedite the ratification of RCEP.
- 12 seconds agoricky lMulti-lateral trade deals are not easy to get common agreement among all the participating Countries.
It requires alot of give-and-take, mutual benefits but also come with mutual sacrifices - to ensure multi-lateral deals are successful.
- 12 seconds agoricky lUltimately, the multi-lateral trade deals must achieve 2 important objectives :-
(1) All participating Countries must benefit economically.
(2) All people and business in the participating Countries will share the benefits of the multi-lateral deals.
Only then, there will be political supports for the multi-lateral trade deals and future multi-lateral trade deals.
