politics

China calm over TPP isolation as it pursues regional deals

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Like I said here before, unless the TPP specifically says "don't trade with China (or any other country)", I don't see the TPP having a huge effect on them. Many countries, including the 40% of the world economy (TPP), wants to sell stuff to one of the largest markets in the world, with a growing middle class (China). So of course there has to be at least some kind of bilateral agreement there. I believe the TPP doesn't restrict members to prevent them from having bilateral trade with non-members. Although, for example, a pharmaceutical corporation may be able to sue a TPP-member's government if they allow the importing a cheap generic brand of medicine from a non-member, and I could see how it may prevent that said country to have trade with the non-member. But at the same time, I'd be pretty sure that that government would realize how bad of a decision joining the TPP was by then, if it got that bad. Based on Wikileaks, it sounds like it is that bad-ultra neoliberalism that gives private corporations sovereign power by taking it away from the governments/countries.

3 ( +3 / -0 )

A new U.S.-led Pacific trade pact that pointedly excludes China

Another one mad if not plain idiotic political decision of U.S. Administration. Last year it was 'isolate Russia', now it is 'trade relations without China'. Obama is SO stupid and therefore he is unable to realize that the whole world is laughing at him.

-4 ( +2 / -6 )

To the extent that any TPP member's (i.e. Vietnam) export products are substitutable with Beijing's exports, then lower tariffs on the TPP member means that TPP member grabs a bigger piece of that pie from Beijing.

0 ( +1 / -1 )

GM has announced a record 3.54 million sale of GM cars in China for 2014. Ford also announced record-breaking sales of 1 million Fords in China. In contrast, GM sold a meager 1,2,00 cars annually in Japan. Ford also sold a disappointing 3,896 cars annually in Japan. By the way, Japan is the world's third-largest car market. TPP other countries are expected to takeover China as a largest importers.

2 ( +2 / -0 )

To the extent that any TPP member's (i.e. Vietnam) export products are substitutable with Beijing's exports, then lower tariffs on the TPP member means that TPP member grabs a bigger piece of that pie from Beijing.

There's only a handful of substitutable products that these countries can produce cost effectively enough, especially in the tech industries (which also kind of boggles my mind why there aren't more countries from South East Asia in the TPP, since they already have a more flourishing small goods/textile manufacturing industry than countries like Vietnam and Brunei for example). Also, bilateral free trades, and its reciprocal effects, would still make it competitive regardless if they're in the TPP or not. Ideally, it's "I buy from you, and you buy from me too" not "I buy from you, while you don't buy from me". The latter has no mutual bilateralism. If you want to access a country's market, it has to be the former.

1 ( +1 / -0 )

"calm"? How about "doesn't care".

0 ( +1 / -1 )

@yamanshi, how and why should a stupid person care about the entire world laughing at them. If they are stupid they are just stupid so do you think stupid care?

-1 ( +0 / -1 )

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