Tag Archives: TPP

U.S. Economic and Trade Policies with China Need A Forward Look
The economic relationship should have evolved with China and U.S. economies’ “New Normal”, but a variety of fears are in the way. The U.S. would like to decrease its reliance on consumption as the engine of growth, relying more on domestic investment and exports. China seeks more consumer spending, and less reliance on domestic investment and exports. Those goals are highly complementary and mutually reinforcing, creating opportunities that should not be missed.
Trade Policy Framework Needed to Boost the Global Value Chain
In order to enhance global trade and value creation, reducing trade friction-induced costs should be a top priority, which will contribute to elevating GVC cooperation in Asia and at large. Measures should be taken to lower the average tariff level by paring peak tariff, and encourage further trade liberalization.
Coping with Implicit Barriers in New Global Trade Rules
In the long-term, a series of regional free trade agreements and the new global rules conform to China’s own economic restructuring and reform direction. China must enhance its level of liberalization in such areas as goods trade, service trade and investment, break through market barriers and get rid of institutional barriers. Making use of an open competition will promote the country’s upgrading in the global value chain.
Rethinking the Dynamic Balance of East-Asia Integration
Ultimately, the regional order is shaped by economic relations. The current cooperation structure accommodates the interests and comfort levels of multiple parties, and opens up new space for compromise and dynamic balance through mutual adaptation and acceptance. China has gained invaluable experience in neighborhood diplomacy, and the country’s neighbors have gradually gotten used to China's rise.
TTIP Has a Greater Global Impact than TPP
Once the US-European free-trade agreement is reached, the agreement will cover half of the global economic output and will include commodities and services worth of nearly $1 trillion, accounting for over one-third of total world trade.
What This APEC Summit Tells Us
The push for inclusive approaches and development reflects honest commitment to advancing economic cooperation with open mechanisms and flexible pathways. Non-economic issues such as the global fight against terrorism can be addressed with similarly pragmatic and honest approaches.
APEC
APEC 2015: Change Is in the Air
APEC 2015 ended with a vow to combat terrorism, yet the Summit refused to be distracted from its true goal – economic development. In the coming years, the United States, China, and the Association of Southeast Nations must compromise if they truly want to invest in both regional peace and economic development.
‘APEC Approach’ Stresses Flexibility and Consensus-Building
A free-trade agreement for the Asia-Pacific would capitalize on the capabilities and the diversity of APEC countries. As broached by China in 1996, an open economy in the Asia-Pacific is a step toward common development, prosperity and progress for the whole region.
The Trans-Pacific Partnership (TPP) is a proposed trade agreement among 12 Pacific Rim countries, including the U.S. and Japan, with the purported goals of lowering trade barriers and promoting investment. (Graphics by China-US Focus)
TPP Should be Inclusive
The free-trade deal seems more firmly rooted in politics than economics, lacking both fairness and transparency, and that doesn’t bode well for a harmonious world order.
The TPP that No One Seems Behind
For those who oppose the TPP, much as been made of the secret nature in which the treaty was negotiated. Walker Rowe summarizes some major sectors that will be affect by the treaty, and thus trying to influence a rather fractured and unpopular trade agreement.
Asia-pacific
“New Model” Seeks to Redefine U.S.-China Ties
Beijing and Washington need to do is think of ways to translate the important agreements reached at the top level into reality. Beyond grand declarations, the “new model” needs to utilize a broad-based policy-making network that involves cyber and climate experts.
Toward Asia-Pacific Free Trade
While the U.S.-led Trans-Pacific Partnership has potential to split Asia Pacific, it could be used as a foundation for truly free trade, along with other free trade plans in the region.
TPP
China Sees a Chance in TPP to Stimulate Reforms
Because existing trade terms mean 80% of TPP members’ exports to the U.S. are already duty-free while even a bigger percentage of China’s manufactured goods enjoy that status, the agreement’s bottom-line impact on trade is negligible for now. The deal is more about who gets to write the long-term rules of global governance, which for China is both a challenge and an opportunity to reshape its economy in the direction it was going anyway.
TPP Doesn’t Represent Global Interests
Open to insiders and restrictive to outsiders, as they lower trade barriers among member economies, regional FTAs tend to build higher trade barriers against non-member economies. Often tools for working around loopholes in the WTO, such regional agreements buck the trend toward globalization.
TPP-map_English
TPP: ‘Free-Trade Zone’ or ‘Economic NATO’?
For China and the United States, a new type of economic and trade relationship with each other is in the best interest of the two major powers, and they should work towards this end. That will require Washington to view the new TTP through the lens of its best economic interests, and join China in creating the world’s largest free-trade zone by around 2030.
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