TPP is now dead, Countries looking at other FTA

[GS Zhou]

Ask Rainer Gaertner president of Daimler Beijing China his reply;

this guy lost his well-paid job simply because of this reply.

 

[3Kingdoms]

this guy lost his well-paid job simply because of this reply.
View attachment 354742

That idiot deserve more - this is second time, for that company right.

 

[TaiShang]

I do wish Vietnam the best and hope that the failure of the TPP will bring China-Vietnam trade into a new level of deeper interaction and cooperation.

In the long run, TPP's failure is also a good new for Vietnam.

You think that is waste and criminal? Compare to Paris

Naturally, the Confucius sphere wherever it is will have a higher cultural standards. I feel Vietnam immigrants are still way preferable to those from other areas. This is the case in China's Taiwan, should be similar in other parts of China.

 

[Star Expedition]

For TPP participants, the time has been wasted, it won't come back again.

Lucky for us, we just keep on working, no matter what happens.

 

[Shotgunner51]

Thread locked. No national/ethnic or gender insult is allowed, be reminded.

 

[TaiShang]

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.

 

[ahojunk]

Why would China even bother with the TPP when there is the RCEP.

If I were China, I won't bother.

The TPP is so badly discredited that it is not even worth resuscitating.

 

[shadows888]

Why would China even bother with the TPP when there is the RCEP.

If I were China, I won't bother.

The TPP is so badly discredited that it is not even worth resuscitating.

TPP will put anyone that's not fully developed in a disadvantage position.

 

[TaiShang]

Why would China even bother with the TPP when there is the RCEP.

If I were China, I won't bother.

The TPP is so badly discredited that it is not even worth resuscitating.

I agree. I took this article more of an irony than something realistically possible.

TPP put too much faith on US capability although originally US had nothing to do with the TPP but came aboard and stole it.

It was wrong from the very beginning for the four original founders to give so much power and authority to the US.

Now what they have is several thousand pages of worthless paper.

 

[Viet]

Tpp without America is meaningless. Vietnam seeks to join TPP because of unhindered access to vast and rich American consumer market. China can't replace it. Chinese don't buy vietnam made products in large quantity as the Americans do.

 

[TaiShang]

Tpp without America is meaningless. Vietnam seeks to join TPP because of unhindered access to vast and rich American consumer market. China can't replace it. Chinese don't buy vietnam made products in large quantity as the Americans do.

Really?

Greater China (Mainland-Hong Kong-Taiwan) appears to be your largest export destination (2014). Almost half of your exports (40% Mainland) go to Greater China.

The US buys from you only slightly more than the Indians do.

It looks like you wish to pick economically unimportant countries like the US or India as your major trade partners.

US consumer market is neither vast nor rich. It is indebted. I would not be surprised if they start to borrow from Vietnam once Vietnam begins to amass extra cash from exports. After all, if history of East Asian development is to repeat itself, the next developmental export-oriented state in East Asia will be Vietnam. And you will start to pile of lots of cash. I would not be surprised if one day the US came and began to borrow from you.

 

[AndrewJin]

Really?

Greater China (Mainland-Hong Kong-Taiwan) appears to be your largest export destination (2014). Almost half of your exports (40% Mainland) go to Greater China.

The US buys from you only slightly more than the Indians do.


View attachment 361043

It looks like you wish to pick economically unimportant countries like the US or India as your major trade partners.

US consumer market is neither vast nor rich. It is indebted. I would not be surprised if they start to borrow from Vietnam once Vietnam begins to amass extra cash from exports. After all, if history of East Asian development is to repeat itself, the next developmental export-oriented state in East Asia will be Vietnam. And you will start to pile of lots of cash. I would not be surprised if one day the US came and began to borrow from you.

Viet lie debunked!

 

[Viet]

besides there are geopolitical considerations

Really?

Greater China (Mainland-Hong Kong-Taiwan) appears to be your largest export destination (2014). Almost half of your exports (40% Mainland) go to Greater China.

The US buys from you only slightly more than the Indians do.


View attachment 361043

It looks like you wish to pick economically unimportant countries like the US or India as your major trade partners.

US consumer market is neither vast nor rich. It is indebted. I would not be surprised if they start to borrow from Vietnam once Vietnam begins to amass extra cash from exports. After all, if history of East Asian development is to repeat itself, the next developmental export-oriented state in East Asia will be Vietnam. And you will start to pile of lots of cash. I would not be surprised if one day the US came and began to borrow from you.

how many viet resto are there in China? A handful. How many in America? 1,000s and growing. Just an example how different Chinese and American consumers. Yes, America is indebted so we want to fill their supermarkets with affordable vietnam made goods, with daily staples from rice to fish to coffee. You should be happy if we get unhindered access to the US market for more expensive products like smartphones and computers we will sell more and will import more everything from China.

 

[terranMarine]

besides there are geopolitical considerations

how many viet resto are there in China? A handful. How many in America? 1,000s and growing. Just an example how different Chinese and American consumers. Yes, America is indebted so we want to fill their supermarkets with affordable vietnam made goods, with daily staples from rice to fish to coffee. You should be happy if we get unhindered access to the US market for more expensive products like smartphones and computers we will sell more and will import more everything from China.

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.

 

[TaiShang]

besides there are geopolitical considerations

how many viet resto are there in China? A handful. How many in America? 1,000s and growing. Just an example how different Chinese and American consumers. Yes, America is indebted so we want to fill their supermarkets with affordable vietnam made goods, with daily staples from rice to fish to coffee. You should be happy if we get unhindered access to the US market for more expensive products like smartphones and computers we will sell more and will import more everything from China.

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.