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© (c) Copyright Thomson Reuters 2013.Japan on verge of entering TPP talks
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Maitake
holds breath wait... nevermind exhales
Knox Harrington
To paraphrase Carlito Brigante:
Here come the American riiice!
smithinjapan
Wow... talking about making a decision. What country is this?
smithinjapan
If it's an issue of pop culture manga they can decide in a few minutes, if it's in the nation's best interest, it takes panels and a few years.
Ewan Huzarmy
Like anything here, they hold a meeting to discuss the planning of a committee to plan a committee, to make an announcement, to hold a meeting to plan a committee, to go public about a planning meeting, to form a committee to make a decision.
kuuku
i think there should be no reason to let japan out of this important cooperative initiative,,looking forward to see the effect of these talks in the near future
wtfjapan
totally agree with you ewan, how long did it take Japan just to decide they are going to join the TPP talks, 2 years,
how in the name of god is Japan going to actually agree with the other TPP members and sign the TPP contract within a space of less than 2 years!? when pigs fly backwards is the day itll happen
issa1
There ain't no such thing as a free lunch.
nigelboy
According to some new sources, 10 nations have agreed for Japan to join the TPP talks with only one still undecided.
Canada.
http://www3.nhk.or.jp/news/html/20130419/k10014049831000.html
Let's put this into perspective. The combined GDP of participating countries excluding U.S. is still less than that of Japan. Hence, this is a de facto EPA/ FTA between Japan and U.S.
Takumi Saito
TPP : The rich get richer and the poor get poorer.
chucky3176
And who says anyone will sign anything with Japan? Sure, they can talk blue in the face, but that's about all that's going to happen.
nigelboy
Of the participating nations, 7 nations had previously signed an FTA agreement with Japan.
Tom Webb
I can't understand why some countries, especially the Aussies, gave the go-ahead for Japan to join in the TPP talks. Here was a chance to get some concessions from the Japan to at least stop whaling. This was a missed opportunity for the world.
nigelboy
Because they are insignficant. The participating members would be more than willing to kick Australia out of TPP if it means replacing her with Japan. (See GDP figures). This goes for Canada, too.
bfg4987
The world doesn't care about whaling.
At least, they care more about more important things.
smithinjapan
nigelboy: "Because they are insignficant. "
Japan is indeed. Thanks for stating the obvious. At least in your case it didn't take 100 formal introductions that you were thinking about making a comment.
Papi2013
I wouldn't call a nation who are stingy with buying good from abroad mostly because of closed society and closed economy, have that much clout or relevancy in these meetings. We need countries who are willing to open up their economies and do fair trading, instead of giving lip service so that they can look good.
lachance
The TPP is the perfect bludgeon for Japan to use against China, now that the PRC has shown its true face.
Japan recognizes that China is stuck with rising wages and declining cost competitiveness in the world economy. In addition, China can't compete with the advanced economies of Japan or the US in high-skill innovations; likewise, China cannot compete with low income, low wage economies in the cheap production of manufactured goods. That's where the TPP comes in.
China is up the creek without a paddle, with their smallest problem being the fact that they are swamped in pollution which is slowly killing their urban population, as well as hundreds of thousands of pigs. By 2017, their economy will be in shambles, providing for some of the few rich and making the poor see how they've been disenfranchised. By its very nature, the TPP will ensure that China is in the worst possible situation from this simple set of circumstances. At that point, the PLA will begin the Battle of the Senkakus, in order to sidetrack domestic concerns over economic conditions.
Even if Japan were unable to defeat the PLA Navy and Air Force at this very moment (which we know they can, if they're pushed into it), 2017 is the year set for the Battle of the Senkakus, since it is the most optimal for the systematic disintegration of the PRC into six separate countries which, internally competitive without being globally aggressive, will be better able to be integrated within the global economic system.
issa1
I could be wrong but I do not see any advantage in japan joining TPP. This is the price the Japan are paying for does not have its own army and this is proof that the U.S. are using Japan as its economic puppet.
issa1
Japan is being deceived by the U.S. with the promise that they will protect us if Japan joining the TPP. When china threaten to sell their U.S. Government debt or point their missiles against New York, San Francisco or washington or any American city, all the promises fall to the ground. Does the United States will risk the lives of thousands of American citizens to protect japan? I think not.
Daijoboots
WASHINGTON - Eleven countries negotiating a proposed free trade agreement in the Asia-Pacific appear to be on the verge of formally inviting Japan into the talks, diplomatic and industry sources say.
Don't worry. The government has gone ahead and done the calculations already.
Daijoboots
You might be overestimating the importance of that issue to the world.
issa1
This is my biggest fear!
Daijoboots
Makes sense to me. Global economics is not a cartoon.
Daijoboots
What, making decisions and statements based in fact and figures?
Knox Harrington
Takumi Saito
Why don't you give it a shot and explain how that will work?
wtfjapan
@nigelboy Because they are insignficant. The participating members would be more than willing to kick Australia out of TPP if it means replacing her with Japan. (See GDP figures). This goes for Canada, too.
nigel boy you have no frigin idea, Canada has one of the largest oil reserves in the world (oil sands) Australia has one of the largest iron ore, coal and gas reserves, Australia being the biggest exporter or iron ore and coal in the world. what has Japan got to offer that the world so desperately needs!? not much Im afraid! LOL
wtfjapan
@nigelboy if you want too look at GDP, look at GDP per capita, the average Ausralian and Candian has more wealth than the average Japanese by far, 2012 Australia $67,723, Canada $52,232, Japan $46,736 so for there populations Australia and Canda are much richer than Japan.
smithinjapan
issa1: "I could be wrong but I do not see any advantage in japan joining TPP. This is the price the Japan are paying for does not have its own army and this is proof that the U.S. are using Japan as its economic puppet."
You don't see any advantage because your eyes are wide shut. Joining the TPP would hurt some big businesses who rely on protectionism, over-priced insurance agencies, and harm farmers who can't get with the times and competition, as well as automakers if people start to buy foreign cars at cheaper rates, but it would benefit Japan EXPONENTIALLY in pretty much everything else (and the above) by offering the consumer a variety of choices instead of only one. You want Jasmine rice to go with your Indian cooking? you no longer have to pay the 500 yen tariff per kilogram!
In short, it'll benefit anyone who wants options. What's more, it'll benefit those farmers and exporters who actually DO have products that are worthwhile and who are competitive -- Joe Tanaka can sell his Japanese rice overseas for less tariffs on THAT end and INCREASE sales.
The only problem with Japan joining the TPP is they want to be exempt from everything, as usual, while being included.
smithinjapan
issa1: "The only problem with Japan joining the TPP is they want to be exempt from everything, as usual, while being included."
Oops! Sorry, that and the fac that they are incapable of making decisions.
nigelboy
What has Japan got to offer you ask? How about buying their resources for one. Why post something when the answer is in front if you.
That's like saying Monaco is the richest country in the world and should have the most clout in the global trade. It doesn't work that way.