politics

TPP deal will require hard bargains

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A surprisingly well balanced discussion on the possible needs of each country. I like Reuters. Wish they had explained more about the pharmaceuticals impact (Japan pretty much bans a lot of US drugs, including safe and effective ones like Tylenol) and financial sector (again, Japan has some crazy rules which keep a lot of the multinationals small and shrinking, with Citibank and HSBC being the largest, and HSBC recently dropped their consumer banking). Perhaps others here have information to add in regards to those two points?

-3 ( +1 / -4 )

Japan should join TPP or FT soon, why? because Japan is the only advance country whose economy has failed despite Trade Protectionism.

0 ( +1 / -1 )

It seems everybody stands to win/loose in some areas which is what free trade is all about.

U.S

Cheap textile imports from Vietnam, cheaper clothes and shoes will increase the buying power of its citizens Access to Japan's farm markets with a lot of potential for exporting rice

Japan

Better access to U.S market for electronics and automobile Cheap food imports from the U.S, New Zealand will increase the buying power of its citizens while eliminating the inefficient Japanese farm industries

Overall every country is a winner even though some certain groups within these countries are going to be losers in this deal. Now where's my 5kg of U.S rice for 500 yen? (Japanese produced 5kg of rice goes for 2000 yen)

-1 ( +0 / -1 )

I am clueless on TPP but what I know is Made in Vietnam is 3X better than Made in China. Everything is made in China now-a-days so joining TPP should increase quality and quantity. (except agriculture products)

0 ( +1 / -1 )

CanadianJapanMar. 14, 2013 - 02:36PM JST

Access to Japan's farm markets with a lot of potential for exporting rice

Not sure about that one because of the long grain/ short grain issue. Exports of wheat and soy as well as dairy and meat? Yes, they can stand to gain quite a bit there. And likewise, Japan gains by giving their children access to good sources of calcium and protein that aren't contaminated with heavy metals like mercury.

Now where's my 5kg of U.S rice for 500 yen? (Japanese produced 5kg of rice goes for 2000 yen)

Not in the US for sure! Short grain rice goes for $20 for a 5kg bag, and most long grain that is cheap comes from India!

-2 ( +1 / -3 )

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