TPP is now dead, Countries looking at other FTA

[AndrewJin]

Now you are diverting the topic, my friend.

You are bringing up Vietnamese immigrants in the US. What they do in the US is not considered as a export to the US, right? Actually, if they invest in the US, it means a loss for you, because they will pay taxes to the US government, not to Hanoi.

There are so many Vietnamese in Taiwan province and other Mainland provinces near Vietnam and I am sure they also open up restaurants in those places. It is normal that there would be more Vietnamese (although I have no idea about this) in the US than in Greater China area, it is only normal because the US was the economic point of attraction for many decades when our region was very poor and undeveloped.

The current hard fact is that China dwarfs your two new-found allies, US and India, in terms of imports from Vietnam. China offers a much bigger and healthier market. The future lies not in the US market, but in the Chinese market in which services still accounts for a little above 50%. Imagine the potential for a ten million more restaurants!

I would not object Vietnam selling more to the US; but so far, you are not selling too much to them. China is buying more from you than the US is. If you sell more, that's all fine, like you say, a richer Vietnam is good for China because it means a richer market for premium Chinese goods.

That viet has some sort of delusion that low-end pho eateries and nail shops are the centre of the economic universe.
@Götterdämmerung Remember the most successful immigrant rhetorics shining in pho and nail salons?

 

[terranMarine]

That viet has some sort of delusion that low-end pho eateries and nail shops are the centre of the economic universe.
@Götterdämmerung Remember the most successful immigrant rhetorics shining in pho and nail salons?

VN's lifeline depends on pho

 

[Viet]

You have the guts to admit how wrong you were? realy 3,3% v 39,6% VN cannot escape China's influence, China is extremely important to VN more than you even realize. You should learn to know which feet you have to kiss because you are at China's mercy.

No you are wrong. Not China, the US is Vietnam's largest export market, growing 20pct annually. if things go well under Trump, we will become important piece for US politics to play if they consider replacing Chinese goods by Vietnamese ones. Ok I mean the lower end of the spectrum.

Now you are diverting the topic, my friend.

You are bringing up Vietnamese immigrants in the US. What they do in the US is not considered as a export to the US, right? Actually, if they invest in the US, it means a loss for you, because they will pay taxes to the US government, not to Hanoi.

There are so many Vietnamese in Taiwan province and other Mainland provinces near Vietnam and I am sure they also open up restaurants in those places. It is normal that there would be more Vietnamese (although I have no idea about this) in the US than in Greater China area, it is only normal because the US was the economic point of attraction for many decades when our region was very poor and undeveloped.

The current hard fact is that China dwarfs your two new-found allies, US and India, in terms of imports from Vietnam. China offers a much bigger and healthier market. The future lies not in the US market, but in the Chinese market in which services still accounts for a little above 50%. Imagine the potential for a ten million more restaurants!

I would not object Vietnam selling more to the US; but so far, you are not selling too much to them. China is buying more from you than the US is. If you sell more, that's all fine, like you say, a richer Vietnam is good for China because it means a richer market for premium Chinese goods.

I once told a Chinese mainlander I want to visit Taiwan. Because it represents true China. No offense.

 

[TaiShang]

No you are wrong. Not China, the US is Vietnam's largest export market, growing 20pct annually. if things go well under Trump, we will become important piece for US politics to play if they consider replacing Chinese goods by Vietnamese ones. Ok I mean the lower end of the spectrum.

Even with 20% growth, US can in no way replace China as your largest trade partner.

In fact, China-Vietnam trade has been breaking records recently. China-Vietnam trade grows faster than Vietnam-US trade.

I do not understand why you try to ascribe a greater importance to trade with US than it really warrants. I will almost think you really like that regime.

***

Vietnam posts biggest trade value with China of US$32b
Source: Xinhua | July 14, 2015, Tuesday |

VIETNAM posted US$32 billion in trade value with China in the first half of 2015, posting the largest amount among the country’s trading partners, Vietnam’s General Statistics Office said yesterday.

During the six-month period, China remained the biggest supplier of commodities for Vietnam with some US$24.4 billion, up 23.9 percent year on year, the GSO said on its website in the June monthly report.

Meanwhile, Vietnam exported some US$7.7 billion worth of products to China in the period, up 3.6 percent year on year, said the GSO.

Vietnam mainly exports farm products to China while importing fruits and vegetables, fertilizers, machinery, phones and accessories, steel and materials for the garment and textile industry, among others.

In the first half, Vietnam earned US$77.7 billion from exports to foreign markets, said the GSO, adding that the country spent US$81.5 billion on imports.

China remained Vietnam’s largest consumer for its exports of major agri-forestry-fishery products.

According to a report released by Vietnam’s Ministry of Agriculture and Rural Development, the country in the first half earned US$1.32 billion from exporting 3.055 million tons of rice, down 10.5 percent in value and 6.2 percent in volume year on year.

China remained the largest importer of Vietnamese rice in the six-month period, taking up 36 percent of market. However, during the period, Vietnam’s rice exports to China fell 19.6 percent in volume and 22.6 percent in value year on year, the ministry said.

In the first half, Vietnam exported 422,000 tons of rubber worth US$614 million, up 22.3 percent in volume and down 5.1 percent in value year on year.

China, Malaysia and India remained the three largest consumers of Vietnamese rubber, taking up 72.3 percent of the market.

 

[Viva_Viet]

China should consider TPP in order to have greater influence on regional affairs

By Hu Weijia Source: Global Times Published: 2016/12/15


China should rethink its strategy toward whether to join the Trans-Pacific Partnership (TPP) if countries who signed the free trade agreement earlier this year agree that they will renegotiate the deal. Although US President-elect Donald Trump has threatened to pull out of the deal on his first day in the White House, the TPP will maintain its vitality if China, a country that has overtaken the US to become the world's largest trading nation, seeks membership in the free trade agreement.

The Ministry of Commerce said on Thursday that China holds an open attitude toward regional trade agreements in accordance with WTO rules. The statement came after Reuters quoted Australian Trade Minister Steven Ciobo saying last month that "countries could push ahead with the TPP without the United States by amending the agreement and possibly adding new members."

China would consider joining the TPP if some standards in the chapters pertaining to state-owned enterprises and labor were to be amended. The deal has long been seen as a strategic tool of the US to contain China's rise so some of the existing standards aren't applicable to China's economy. It seems unlikely that Beijing would comply with all the rules in the TPP as the country didn't participate in drafting the rules. Whether China would join may depend on the sincerity in amending the agreement.

China will likely demonstrate its own sincerity by rolling out various domestic reforms to meet the high standards of the trade agreement in fields such as trade in goods and services to further open its market to TPP members. Beijing, in fact, is speeding up its process of pursuing a high-standard global free trade network.

It is possible for China to fill the vacuum left by the US if Trump withdraws from the TPP. A research report by the Chinese Academy of Social Sciences suggested that China's economic presence and influence among TPP member countries may actually exceed that of the US in terms of trade scale. Officials and scholars should consider the possibility of gathering China and TPP members together to save the sinking agreement.

If China can replace the US in the TPP, Beijing will probably have greater influence than Washington does over regional Asia-Pacific economic affairs. However, China does not want to see Washington pursuing trade protectionism under the Trump administration. The US should not be selfish by simply calculating its own gains or losses in free trade deals. If Trump does want to "Make America Great Again," he has to let the US make a greater contribution in boosting the global economy, an effort that will also benefit the American economy.

***

@Viet , @Viva_Viet , brothers, your TPP dream may eventually come true, if not exactly the way you dreamed it to be.

We have big conflict in SCS ( east sea). But we also dont want to see US shake hand wt CN and attack-sanction VN again like in 1979.

Its a difficult situation for VN now.
1. If TPP will be ratiffied in 2018, then thats good for VN.

2. If TPP can not ratiffied, then Vnese will look for and smart leader who still can keep VN stay in independence but also can avoid a mistake like in 1979.

VN must keep thinking abt plan to unify sub Mekong region to become stronger, we can fight and defeat CN or US alone in sub Mekong region,but we can not fight against both.

 

[TaiShang]

US announces withdrawal from TPP

Trump sworn in as 45th president, promises 'America First'

NAOYA YOSHINO, Asian Nikkei Review， January 21, 2017 3:05 am

Donald Trump and his wife Melania wave to a crowd after he was sworn in as the 45th president of the United States in Washington. © Reuters

WASHINGTON -- Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe.

The White House on Friday also wasted no time in declaring a renegotiation of the North Atlantic Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.

Trump was sworn in as the 45th president of the U.S. on Friday, repeating his campaign pledges of putting American interests first and restoring national glory to a deeply polarized public.

Trump's term lasts until January 2021. At 70, he is the oldest president in U.S. history and the first to have no experience in government or the military. He is expected to roll back Obama's liberal policies, focusing more on making deals than on global order and principles. His policies could lead to confusion both at home and abroad.

Earlier that morning, Trump prayed at a church near the White House with his wife Melania. The couple then met former President Barack Obama and his wife Michelle before arriving at the Capitol, where the inauguration was held.

Trump had the lowest approval rating of any incoming president at around 40%, and at least 60 Democratic legislators boycotted his inauguration. Though the Republican Party took back the White House for the first time in eight years and holds a majority in both houses of Congress, the administration's future path depends on how much public support it receives.

The Senate is set to confirm the first of Trump's picks, James Mattis as defense secretary and John Kelly as secretary of homeland security, on Friday, according to U.S. news outlets. In contrast, former President George W. Bush in 2001 and Obama in 2009 both had seven of their cabinet picks confirmed on the day of their inauguration.

 

[TaiShang]

But this was supposed to destroy China's economy according to Viets
oh well might as well

, you remember?

NAFTA seems to be another likely victim. I guess this is potentially good for China's development efforts in LatAm.

Let's wait and see whether TTIP will be on the ropes, as well. That would be good news for the Belt and Road and give further meaning to the Brexit.

 

[terranMarine]

you remember?

NAFTA seems to be another likely victim. I guess this is potentially good for China's development efforts in LA. In APEC meeting, last year, President Xi created a dent in Monroe Doctrine and Washington Consensus.

Let's wait and see whether TTIP will be in the ropes, as well. That would be good news for the Belt and Road and give further meaning to the Brexit.

I expect China and UK can fasten a trade agreement due to recent development around Brexit. As for OBOR i think the process is running at a decent pace and will play a very crucial role after Xi's speech at Davos. Leaders and business leaders from EU were very optimistic of his presence and vision because globalism is the only way for economic growth. Well since Trump's slogan puts America first, hire only Americans, priority is America lets see what kind of protectionism come into play.

 

[Viet]

Well I can understand Donald Trump. Vietnam was expected to gain most from Tpp while the benefit for America was almost zero. But I see why we can't sign a new Tpp version 2, a win-win deal for both America and Vietnam. Everyone can be happy. Trump will sell to the US public he makes America great again. The prices for US gain will be paid by Japan and other US allies.

 

[Glorino]

Most welcome news in 2017 by Trump. Most European countries will go right once elections are held from 2017 onwards.
Put your own countries interest first-"AMERICA FIRST" "EUROPE FIRST"

China has been practicing for many years now -"MAKE IN CHINA" "CHINA FIRST" and so on.....

 

[Erl]

US announces withdrawal from TPP

Trump sworn in as 45th president, promises 'America First'

NAOYA YOSHINO, Asian Nikkei Review， January 21, 2017 3:05 am

Donald Trump and his wife Melania wave to a crowd after he was sworn in as the 45th president of the United States in Washington. © Reuters

WASHINGTON -- Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe.

The White House on Friday also wasted no time in declaring a renegotiation of the North Atlantic Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.

Trump was sworn in as the 45th president of the U.S. on Friday, repeating his campaign pledges of putting American interests first and restoring national glory to a deeply polarized public.

Trump's term lasts until January 2021. At 70, he is the oldest president in U.S. history and the first to have no experience in government or the military. He is expected to roll back Obama's liberal policies, focusing more on making deals than on global order and principles. His policies could lead to confusion both at home and abroad.

Earlier that morning, Trump prayed at a church near the White House with his wife Melania. The couple then met former President Barack Obama and his wife Michelle before arriving at the Capitol, where the inauguration was held.

Trump had the lowest approval rating of any incoming president at around 40%, and at least 60 Democratic legislators boycotted his inauguration. Though the Republican Party took back the White House for the first time in eight years and holds a majority in both houses of Congress, the administration's future path depends on how much public support it receives.

The Senate is set to confirm the first of Trump's picks, James Mattis as defense secretary and John Kelly as secretary of homeland security, on Friday, according to U.S. news outlets. In contrast, former President George W. Bush in 2001 and Obama in 2009 both had seven of their cabinet picks confirmed on the day of their inauguration.

Well done Donald.
Now it is China's turn.

 

[Viet]

Viet members must be crying right now

Donald, you always make my day

Is a setback but not the end of the world. Donald Trump is not against any tract pact. He wants a better deal for America. He is a businessman. Not a problem. Vietnam will offer him a new deal that he cannot deny.

 

[AndrewJin]

wow, this is really the official end of the murico era

 

[艹艹艹]

Malaysia pushes for regional integration, RCEP following U.S. withdrawal from TPP
Source: Xinhua 2017-01-24 17:45:27

KUALA LUMPUR, Jan. 24 (Xinhua) -- Malaysia would focus on regional economic integration and the conclusion of the Regional Comprehensive Economic Partnership (RCEP) as the Trans-Pacific Partnership (TPP) could not materialize following the withdrawal of the United States, officials said Tuesday.

Malaysia would push for the economic integration among the 10-member Association of Southeast Asian Nations (ASEAN), the timely conclusion of the RCEP which groups ASEAN and its six major trading partners including China, said International and Trade Minister Mustapa Mohamed.

Malaysia will also pursue bilateral free trade agreements (FTAs) including with TPP members whom it currently does not have any preferential trading arrangement, Mustapa said in a statement.

In regard to the argument by newly inaugurated U.S. President Donald Trump that TPP would cause job losses in the U.S. and outflow of funds, Mustapa insisted that the trade pact was a balanced agreement as U.S. will also benefit from better market access to countries which it does not have FTA with such as Japan, Vietnam and Malaysia.

He said the chief negotiators from other 11 TPP countries will be in constant communication with each other to consider all available options before deciding the best way forward, without elaborating on whether
Malaysia would pursue a TPP without the United States.

China hopes to work with Philippines to finalise RCEP trade talks
JANNE SUOKAS
2017/01/23

China said on Monday it was willing to work together with the Philippines to push for the conclusion of the Regional Comprehensive Economic Partnership (RCEP) trade deal, considered an alternative to the Trans-Pacific Partnership (TPP) that the new US President Donald Trump will abandon.

The statement was made by Commerce Minister Gao Hucheng who met with Philippine Finance Secretary Carlos Dominguez in Beijing to discuss cooperation in trade and infrastructure investment.

Gao noted that the Philippines had taken over the rotating presidency for the Association Southeast Asian Nations (ASEAN) for 2017, and said Beijing was willing to closely cooperate with Manila and work together to conclude the RCEP talks as soon as possible, according to the commerce ministry’sstatement.

 

[AZADPAKISTAN2009]

Time for Malasia to Join CPEC

Pakistan- Malaysia free trade good for business

Pakistan and Turkey already have secured such regional trade