www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

TPP 'demise' prompting a global pivot

By Harvey Morris | China Daily | Updated: 2016-11-19 07:13

US President Barack Obama's landmark Trans-Pacific Partnership Agreement was already on life support before his successor, Donald Trump, promised American voters worried by the impact of globalization that he would kill it and bury it.

Now that the Republican-dominated Congress has announced it will not discuss ratification of the TPP during the remainder of Obama's term, all that is left for the outgoing president to do is to read the funeral oration for the proposed Pacific Rim trade pact that had been the keystone of his administration's so-called "pivot to Asia" strategy.

That may come when Obama joins other leaders for the Asia-Pacific Economic Cooperation meeting in Lima, Peru, on Saturday and Sunday.

The demise of the TPP, which was to group 12 Asia-Pacific economies in a wide-ranging, US-led trade alliance, offers an opportunity for China to assume leadership of an alternative free trade area. President Xi Jinping, who will also be in Lima for APEC Economic Leaders' Meeting, is widely expected to press for a Pacific partnership that, unlike the TPP, will include China and Russia both.

Obama's sponsorship of the TPP had been viewed by Beijing as an attempt to write the trade rules for the benefit of the United States in the face of China's growing economic might. As things have turned out, the US administration's failure to secure domestic support for the deal is likely to leave it marginalized in future regional trade agreements.

Trump's opposition to the TPP, which he described during his election campaign as a disaster "pushed by special interests who want to rape our country", won the backing of voters in traditionally industrial states who blame foreign competition, particularly from China, for job losses. In an otherwise divisive campaign, it was a theme that united the candidates. Hillary Clinton, who lost the presidential election to Trump, maintained silence on a pact that she had previously supported.

The potential US partners in the TPP will almost certainly decide that there is no point moving ahead with the trade pact in the absence of what would have been its most powerful partner. Peruvian President Pedro Pablo Kuczynski, the APEC meeting host, has said of the moribund pact: "It can be replaced with a similar deal, but without the US." Speaking to Russia Today, he said: "I think it would be best to have an Asia-Pacific deal that includes China, and includes Russia as well."

That alternative is likely to come in the context of negotiations on the Regional Comprehensive Economic Partnership. Talks on the RCEP, a mega grouping that could embrace almost half the world's population, were launched four years ago.

As the results of the US election came through, Australian Foreign Minister Julie Bishop said: "We see TPP as an important economic manifestation of the US' presence in our region. Should it not go ahead, then the vacuum that would be created is most likely to be filled by RCEP."

Raul Salazar, a senior Peruvian trade official, told the Xinhua News Agency earlier this month: "China has contributed largely to pushing the idea of a free-trade area. Peru holds the position that we need an Asia-Pacific free-trade area."

What might be termed the "pivot to China" became apparent as a result of the uncertainties over trade prompted by the US political campaign. Philippine President Rodrigo Duterte, for example, said during a visit to Beijing in October that he would reduce long-standing ties with the US in favor of better relations with China.

With the US on the retreat, and with a protectionist president heading for the White House, the way appears open for China to take the lead toward a proposed Free Trade Area of the Asia Pacific that Beijing has long championed as an alternative to the US-dominated TPP.

The author is a senior media consultant for China Daily UK.

TPP 'demise' prompting a global pivot

(China Daily 11/19/2016 page5)

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产自在自线午夜精品视频 | 午夜香港三级a三级三点 | 亚洲欧美日韩国产综合 | 看真人一级毛片 | 亚洲免费人成在线视频观看 | 国产成人免费网站 | 亚洲欧美日韩在线观看二区 | 国产在线一区二区 | 日韩毛片在线播放 | 欧美成人高清在线视频大全 | japanese日本舒服丰满 | 亚洲欧洲日韩综合色天使不卡 | 成年人www | 国产成人久久精品麻豆二区 | 亚洲免费一级片 | 亚洲小视频 | 亚洲最新| 久久成人免费视频 | 国产成人影院在线观看 | 全午夜免费一级毛片 | 毛片在线看网站 | 欧美精品免费线视频观看视频 | 久久精品亚洲一区二区 | 九九色视频在线观看 | 亚洲在线免费观看 | 久久99国产精品亚洲 | 国产一区曰韩二区欧美三区 | 久草免费在线 | 日本xxxb孕交 | 国产成人午夜 | 久草网站| 在线精品视频免费观看 | 米奇777第四久久久99 | 国产精品久久久久久久久久一区 | 亚欧色 | 日本一区二区免费在线观看 | 午夜伦y4480影院中文字幕 | 免费人成年短视频在线观看免费网站 | 中文 日本 免费 高清 | 久久精品国产免费中文 | 高清国产一区 |