Chief economist of The Economist: The TPP is dead

[Raphael]

The Economist: The TPP is dead - MacroBusiness

Chief Economist Simon Baptist:

The latest talks on the Trans-Pacific Partnership (TPP) did not end well and election timetables in Canada and the US mean that the prospect of a deal being ratified before the end of 2016 (at the earliest) is remote. The usual problem of agricultural markets was prominent, headlined by Canada’s refusal to open its dairy sector. For New Zealand—one of the four founder countries of the TPP, along with Brunei, Chile and Singapore—this was a non-negotiable issue. Dairy was not the only problem. As usual, Japan was worried about cars and rice, and the US about patent protection for its pharma companies.

The TPP was probably doomed when the US joined, and certainly when Japan did. It then became more of a political project than an economic one. Big trade agreements had hitherto focused on physical goods, while the TPP had an aim of forging rules of trade beyond this in intellectual property, investment and services. China was a notable absence, and the US and Japan, in particular, were keen to set these rules with enough of the global economy behind them such that China would be forced into line later on. For now, the shape of international standards in these areas remains up for grabs. The next step for the TPP, if anything, is whether a smaller group—such as the founding four —will break away and go ahead on their own, with a much smaller share of global GDP involved, and in the hope that others will join later.

 

[TaiShang]

The Economist: The TPP is dead - MacroBusiness

Chief Economist Simon Baptist:

Shhh... Do not tell the Vietnamese. Because, China will collapse ten years after the TPP is signed.

 

[cirr]

Shhh... Do not tell the Vietnamese. Because, China will collapse ten years after the TPP is signed.

What？

Didn't know people with brain the size of a pea can read so far into the future。

 

[TaiShang]

What？

Didn't know people with brain the size of a pea can read so far into the future。

You know, when it comes to China, every foreigner is an expert.

That's an industry in the West. I guess Vietnam is asking for some of the jobs to be outsourced into Vietnam.



Seriously, having watched the GOP debates, I am more confident about a greater future.

 

[Echo_419]

The Economist: The TPP is dead - MacroBusiness

Chief Economist Simon Baptist:

Good news for us

 

[Rechoice]

Why Chinese is jumped up and down here. TPP is not related to China.

 

[Beast]

Why Chinese is jumped up and down here. TPP is not related to China.

You must be having cold feet for the failure of TPP?

 

[badguy2000]

TPP is not dead,but a zombie.....

USA is still telling people that it is still alive until the negotiation is on,whie the negotiation never ends.

 

[Rechoice]

You must be having cold feet for the failure of TPP?

This is our affair. we don't care what Chinese say.

 

[TaiShang]

This is our affair. we don't care what Chinese say.

No worries. You are still a member to the AIIB.

Sometimes you lose, sometimes you win.

 

[vtnsx]

I doubt the US would give up that easily.

 

[Huan]

The US sure is taking a looooooong time on TPP. Just like the US Congress on many bills. LOL

 

[Beast]

The US sure is taking a looooooong time on TPP. Just like the US Congress on many bills. LOL

TPP is like India LCA or India France Rafale deal.

 

[Rechoice]

The new meeting is forecasted in August, TPP will finilized soon. Japan and Canada has to do something for that they has tried best to protect their own interest.

This is good propoganda.

No worries. You are still a member to the AIIB.

Sometimes you lose, sometimes you win.

TPP is only one game, Vietnam is signed FTA with S Korea and Europa. We never put all our eggs in to one basket..

 

[seven7seven]

"As usual, Japan was worried about cars and rice"

Who knew the Japanese were scared of these two things?
China needs to stop building those new stealth jets and aircraft carriers, and start build flying cars, that drop rice bombs!!!