3 ms·
Kind of - Japan ratified the TPP, and Obama just said he'd talk about it. Regardless, you're still right. In lieu of the TPP falling apart, China created it's
by bduerst 7y ago
Kind of - Japan ratified the TPP, and Obama just said he'd talk about it.
Regardless, you're still right. In lieu of the TPP falling apart, China created it's own version to control APAC trade and fill the power gap, called RCEP. The trade war and the "America First" attitude has only incentivized China to speed up the negotiations, which if successful, will control something like half the world's global GDP.
The next RCEP meeting is next month and it will be interesting to see what comes from it.
- mc32 7y agoI think it’s early. Many of those countries see China suspiciously but also want trade. We’ll see if those countries are able to push back on one sided aspects.
- tzs 7y ago> Kind of - Japan ratified the TPP, and Obama just said he'd talk about it What do you mean by "just said he'd talk about it"?
- bakuninsbart 7y agoVery doubtful that it will go anywhere soon. Not only do half the ASEAN countries and China have territorial disputes, India and China have rather cautious and cold relationships. Both SK and Japan are also very cautious towards China and have cold relationships with each other. I would think that at least the South China Sea territorial dispute would have to be settled, China would have to (at least symbolically) drop its support for Pakistan, and Japan and SK would need some form of reconciliation.