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I was shocked by that. Does anyone who knows more about this or foreign policy in general want to enlighten us? What motivated Australia, Japan, and SK to sign
by hangonhn 6y ago
I was shocked by that. Does anyone who knows more about this or foreign policy in general want to enlighten us? What motivated Australia, Japan, and SK to sign on to this? Do they not fear alienating the US? I suppose once we scuttled the TPP they had no alternatives?
- zzleeper 6y agoExactly. If they don't sign, they get left out. And then what? wait until the US somehow decides to join and only then join?
- rangibaby 6y agoIt’s good leverage for all the parties involved. For example, they can make another TPP with the US but on more advantageous terms
- smhost 6y agohttps://www.rand.org/pubs/research_briefs/RB10137.html https://www.rand.org/pubs/research_briefs/RB10137.html
- plugger 6y ago> What motivated Australia, Japan, and SK to sign on to this? Most likely the fact that the US becoming more isolationist forces traditional allies to enter into agreements that they wouldn't have considered previously. In this instance, this is the first trade agreement that has had China, Japan, and South Korea as signatories. Also, despite their posturing China is a HUGE economic power and everyone in the region would prefer to ride that wave instead of be crushed by it. > Do they not fear alienating the US? To a certain extent the US has alienated the rest of the world with it's "America first" Trump policy. This is just the logical progression of countries moving on to fill the economic power gap the US has left in the Pacific. > I suppose once we scuttled the TPP they had no alternatives? Lol. Everyone else went onto sign the CPTTP which went into effect 30 Dec 2018 which was largely identical to the original TTP, excluding the inclusion of the US of course.
- deleted 6y ago[deleted]
- sanxiyn 6y agoSouth Korean here. To me, RCEP seemed like an obviously good thing to sign, and I am shocked that people in US are shocked or that they think SK should fear alienating US. TPP is irrelevant since SK was never a party to TPP.
- damnencryption 6y agoWhat do you think about the IP parts of RCEP?
- sanxiyn 6y agoI find it unfortunate, but I recognize that as a newly minted culture exporting nation South Korea at large is in favor of stronger copyright enforcement, and that my personal opinion that copyright is currently too strong and detrimental to culture holds little sway.
- NonEUCitizen 6y agoAustralia, Japan, and SK are sovereign nations.
- hangonhn 6y agoTotally agree. I'm not passing any judgments on what they did. It's just that in other areas of policy, they've been apprehensive about China so I'm shocked to see this. They must have had good reasons for doing this so I want to better understand their perspective on this and how that ties into those countries' strategy for managing an emerging superpower that rivals their traditional ally.
- sanxiyn 6y agoSouth Korea is a trading nation, and is in favor of free trade. South Korea defaults to yes for trade deals. US is an ally, but if US is against free trade, South Korea will not go with US. Unlike US, international trade is of vital importance to South Korea.
- 6y ago
- karmasimida 6y ago> What motivated Australia, Japan, and SK to sign on to this Money apparently. China will lift its tariff against 90% of imports from Japan, increasing from 8% currently. Also Japan and Korea would have similar tariff treatment between each other. South Korea and China already had their own FTA, so it won't matter that much, but has no negative impact either.
- canada2us 6y agoExactly, Japan actually benefits more.
- bigger_cheese 6y agoFor Australia it's our Raw Materials (Iron Ore, Coal that sort of stuff) and Natural Gas. China, Japan, Korea are huge trading partners. Education is the other big item, Australian universities attract a lot of foreign students and that sector is a big money earner. On the radio this morning there was talk about standardizing qualifications making more Australian degrees recognized in member countries. It comes along at a pretty interesting time there are a lot of tension between China and Australia at the moment. There's handwringing locally over China being granted 99 year ownership leases on some of our ports. Chinese telecom firm Huawei was blocked from our 5G network for "National security" etc. China has been threatening to block (and in some cases have blocked) shipments of Australian products there have been tariffs on Australian Barley implemented etc, ostensibly in retaliation to some foreign affair stuff. Australia called for an international enquiry into origins of Covid which really annoyed China.
- hangonhn 6y ago> Education is the other big item, Australian universities attract a lot of foreign students and that sector is a big money earner. On the radio this morning there was talk about standardizing qualifications making more Australian degrees recognized in member countries. This is so fascinating! I knew Australia hosts a lot of Chinese students but they're really on their way to making education an export of theirs. Thanks for the perspective. I'm beginning to see the huge potentials of this treaty for the parties involved.
- plugger 6y agoIIRC education is Australia's 3rd largest export.
- hackerfromthefu 6y agoPart of the education deal is access to short or long term migration to Australia, so the dollar figure really a combination of education, lifestyle and migration opportunities.