Monday, January 23, 2017

Trumps “amazing gift” to China – Today’s Business

Foreign

China will be the big winner after that Donald Trump has formally withdrawn the united STATES from the free trade agreements TPP.

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the united STATES has for the last seven years, the lid of allies around the Pacific to enter into free trade agreements Trans-Pacific Partnership (TPP). This should be an option frihandelsavtale with respect for arbeidstagerrettigheter, the environment and trade. Trump adds the cooperation in the gravel.

Horse pasture

TPP agreement was an attempt by Barack Obama to form closer connections to the Asia region and to create a counterweight to chinese influence in Southeast Asia.

China says they want free trade welcome and has criticised countries seeking protectionism and president Xi Jinping compared it last week to “lock yourself in a dark room” during the Davos meeting organized by the World Economic Forum.

the united STATES and China had both a horse participating in a race. Now is our horse put out to pasture and do not run longer in the race. This is a wonderful gift to the chinese. Now they can portray themselves as the leader of the global handelsliberalisering, ” says director Eric Altbach at the think tank Albright Stonebridge Group in Washington, D. C. to Bloomberg News.

The republican senator John McCain says in a comment that this would give China an opening to change the economic rules of the game at the expense of american workers.

“It will send a disturbing signal about a us disengagement from the asia Pacific at a time when we least can afford it”, he writes in a press release.

Experts agree that this is the end of an american era in Asia.

“This marks the end of an american approach to Asia. TPP should among other things ensure that the nations are not gathered around China. With the Us disengagement from Asia and regional grievances against the united STATES, including the radical shift we have seen in the Philippines, there are few obstacles that exist against China”, writes professor Pankaj Ghemawat of New York University in the latest issue of the Harvard Business Review.

– Meaningless without the united STATES

In several of the asian countries, there has been opposition to the agreement. Japan’s prime minister Shinzo Abe had to devour the political camels when he presented the agreement in their own party and eventually got his colleagues with him.

TPP will be an important element in the new japanese economy, he said two years ago when he had almost the entire party against him.

He reacted with disappointment when the Trump after the election said he would pull out of the united STATES.

TPP is meaningless without the united STATES, said Abe.

He was the first foreign quick resolution of commercial disputes who visited Trump after valgseieren in New York.

Abe has not given up the hope that it will be possible to change the Trumps vision.

I think president Trump realize the importance of free and fair trade. I will try to pursue his understanding of the strategic and economic importance of the TPP. When we last met, he gave a trustworthy impression and I have not changed the opinion now, ” said Abe in a speech in the house of commons on Monday.

a Few hours later signed Trump an order that formally withdraws the united STATES from the TPP negotiations.

– This is something we have said we long to do. What we now have done, is great for american workers, ” said Trump when he signed the order in The white house on Monday.

– Very shameful

  • TPP stands for the Trans-Pacific Partnership, and is a frihandelsavtale between the 12 countries.
  • the Agreement is completed and was signed in February 2016, but it has not yet been ratified by the member states ‘ nasjonalforsamlinger.
  • Member states: the united STATES, Canada, Chile, Mexico, Peru, Brunei, Malaysia, Japan, Singapore, Vietnam, Australia and New Zealand.
  • America’s new president Donald J. Trump ordered that the united STATES should withdraw from the TPP negotiations on 23. January 2017.

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the Reactions did not wait on themselves after Trumps signing on Monday evening – also not from some of America’s closest allies in the Pacific region.

” This is very shameful, but it is not unexpected. Now we have to try to see if the agreement can work without the united STATES. We keep all options open and have been in contact with those of other countries to look at what options exist, ” says Australia’s mr. Steve Ciobos on Tuesday.

the Agreement was signed by 12 countries in 2016, but was not ratified. Trumps the order to withdraw the united STATES from the TPP agreement is his first major foreign policy decision.

He will also start reforhandlinger of the north american free trade agreements Nafta from 1994 to stop the negotiations about a frihandelsavtale between the united STATES and the EU (TTIP-the agreement).

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