TPP failure would cost the US trade dominance

[beijingwalker]

LOL, You bet. Joke of the year.

 

[vtnsx]

LOL, You bet. Joke of the year.

But he's right.

 

[beijingwalker]

But he's right.

Wait and see, you don't even know what's there in TTP, you just blindly follow whatever rules they secretly wrote, will see how they bleed you dry like they did to Mexico.

 

[70U63]

A poor country laughing at richer country because of a trade deal?

 

[silverox]

ptt only benefit to big company,a company can sue a country. who is the last arbiter? absolutely not developing country

 

[vtnsx]

ptt only benefit to big company,a company can sue a country. who is the last arbiter? absolutely not developing country

Wait and see, you don't even know what's there in TTP, you just blindly follow whatever rules they secretly wrote, will see how they bleed you dry like they did to Mexico.

Here's a question. Why do you care so much about it? IT must bothers you a lot to even mention it, everyday.

 

[Aepsilons]

@somsak @Sonyuke_Songpaisan

Thailand is "highly likely" to seek membership of the Trans-Pacific Partnership (TPP) but would first need to weigh up the impact of the free-trade accord on its export-led economy, a deputy prime minister said on Friday.

The pact currently has 12 members and would slash tariffs in a bloc comprising countries from Canada, Australia and Japan to Mexico, Vietnam and Chile in a trade area of 800 million people worth about 40 percent of the global economy.

"Thailand is highly interested in joining TPP ...," Somkid Jatusripitak told a news conference in Tokyo. "Chances are high that Thailand will seek to join TPP."

Somkid, the country's economic tsar, said the government was analyzing the impact of joining the trade deal, particularly on sensitive issues like agriculture and pharmaceuticals.

"We need to convene specialists and gain the public's understanding on these matters. We need a forum for discussion and exchanging views," he said.

Membership could be a boon for Thailand as competition heats up from rival exports and manufacturing economies like Malaysia and Vietnam, particularly in electronics, seafood and agriculture.

It could also benefit its autos industry, which accounts for about 10 percent of gross domestic product, and support large-scale investments in assembly plants in Thailand from Japanese carmakers like Toyota (7203.T) and Honda (7267.T). Thailand is a regional production and export base for the world's top carmakers.

Thai Prime Minister Prayuth Chan-ocha said a comprehensive study of the pact was needed.

"We have to look at everything carefully before making a decision," he told reporters in Bangkok.

Thailand's expression of interest follows a marathon final round of talks in Atlanta that capped off six years of complex negotiations towards the biggest trade pact in a generation.

The Philippines has also signaled it may apply and Indonesia's trade minister on Tuesday said his country had "no choice" but to sign up, or risk losing its competitive edge.

Failure to come on board could hurt foreign investment flows into Thailand as TPP members would build up a supply chain within the bloc, Kbank Capital Markets wrote in a report.

"Thailand will need to weigh the benefits of the TPP against domestic institutional capabilities to prepare for changes in the new era of global trade," it said.

Thailand also needs to resolve its human trafficking problem as the United States refuses to negotiate with countries in its lowest tier for its Trafficking in Persons ranking, it said.

Thailand has been under military rule since a coup last year and its trade-dependent economy is still struggling as exports and domestic demand remain weak.

Thailand says 'highly likely' it will seek TPP membership| Reuters

 

[Viva_Viet]

JP convinced US to let Thai in, but US said No!

Thai has same problem wt S.Korea : money manipulation.

 

[Aepsilons]

JP convinced US to let Thai in, but US said No!

Thai has same problem wt S.Korea : money manipulation.

Japan is not only encouraging and supporting just Thailand, but also the Philippines, Taiwan, Indonesia, and also China. Tho due to current IP criterion and QE policies, the Chinese have yet to satisfy membership requisites. Eventually, however, with their reform process in schedule, they may qualify.

Regards.

 

[Viva_Viet]

Stop Currency Manipulation in the Trans-Pacific PartnershipMillions of Jobs at Stake
By Robert E. Scott | May 12, 2015

Currency manipulation distorts trade flows by artificially lowering the cost of U.S. imports and raising the cost of U.S. exports, and is the leading cause of stubbornly high U.S. trade deficits over the past 15 years. More than 20 countries, led by China, have, together, been spending about $1 trillion per year buying foreign assets to artificially suppress the value of their currencies. Several members of the proposed Trans-Pacific Partnership (TPP)—including Japan, Malaysia, and Singapore—are well known currency manipulators, and others—including South Korea, Taiwan, and China—have expressed interest in joining the agreement.
,..........
Inclusion of a currency manipulation clause in the TPP is an important first step—a way to get the “camel’s nose under the tent”—to begin to create a regime of enforceable currency manipulation disciplines. However, the long-run goal must be to end currency manipulation by all countries, not just those few who join the TPP (Japan, Singapore, and Malaysia), or others that could join in the near future (Korea, Taiwan, and ultimately China). The United States needs other tools to end currency manipulation, and new enforcement tools are the key.
......
. The 22 countries identified as currency manipulators are China, Hong Kong, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Algeria, Angola, Azerbaijan, Kazakhstan, Kuwait, Libya, Norway, Qatar, Russia, Saudi Arabia, United Arab Emirates, Denmark, Israel, and Switzerland (Bergsten and Gagnon 2012, Table 1).
Stop Currency Manipulation in the Trans-Pacific Partnership: Millions of Jobs at Stake | Economic Policy Institute

 

[somsak]

I will wait for Somkids convincing. I am afraid of GMO. But perhaps. With or without TPP US will push Thailand to import GMO foods and seeds.

 

[apiSubmarine]

What is so hard for Taiwan to join US TPP , ? China should objection on this decision. anyway, it is depend on next president of taiwan. will taiwan join the fight if china has a war going on with vietnam , ?

 

[C130]

are you pro PRC buddy? what do you think Taiwan should do

 

[apiSubmarine]

1 don't get too close to china
2 develop strong economic and technology
3 line up with the US
4. give up u shape line in scs.

 

[C130]

1 don't get too close to china
2 develop strong economic and technology
3 line up with the US
4. give up u shape line in scs.

well that's pretty much how things are now.


but PRC has hard and soft power over Taiwan.