Malaysia asks Japan’s Abe to convince Trump to support TPP

However, Trump, during his election campaign, was reported to have called for the trade deal to be aborted.

For its part, “Beijing will criticize Trump for disregarding the Climate Change agreement, because so many Chinese companies invested big bucks into Green Energy companies and countless renewables energy will go into bankruptcy, causing problems to China’s economy”, according to McGregor. A separate poll by the Yomiuri newspaper on Tuesday found 58 percent saw Trump as bad for the economy – the same proportion that views him as bad for national security.

A stronger USA economy would not only benefit Americans.

Trump has accused Japan and South Korea of failing to pay enough for the services of the US military stationed in the two countries-this is despite Japan’s budgeted payment of about 377 billion yen ($3.5 billion) this year alone.

It appears unlikely that the U.S. Congress will ratify the treaty.

“I do believe that without confidence between the two nations (the) alliance would never function in the future and as an outcome of today’s discussion I am convinced Mr. Trump is a leader with whom I can have great confidence in”, Abe said at a press conference following the meeting, where he took only two questions.

His election also has dashed hopes for US approval of a 12-nation trade pact, the Trans-Pacific Partnership (TPP), a linchpin of Washington’s “pivot” to Asia and a pillar of Abe’s economic reforms.

Malaysia, along with three other members of the Association of Southeast Asian Nations (ASEAN) – the Philippines, Vietnam and Brunei – are among the countries contesting territorial claims with China over the South China Sea.

“Australia, New Zealand, and more”.

Mr Sisi’s office called Mr Trump last Wednesday and the incoming United States president told him it was “the first global call he had received to congratulate him on winning the election”.

The idea, which was mooted by the outgoing US President Barack Obama, will involve a free trade area covering about 40 per cent of the global economic power.

Worse than the TPP’s failure, though, is the risk of a U.S.

There were talks about a possible trade war involving Asia, which would bring punishment to Japan and China for supposedly manipulating currency and unfair trading practices. Japan’s concerns are that from January 2017, the Asia Pacific region will drop off the USA president’s priority list, leaving a vacuum which China will be ready and waiting to fill. Tighter immigration restrictions would be damaging for the Philippines too, given that America hosts 35 percent of all Filipinos working overseas and accounts for 31 percent of total worker remittances, a key source of foreign earnings.

Trump may be in a position to extend the US Navy’s “freedom of navigation operations” – operations by warships in waters claimed by China to demonstrate US commitment to keeping sea lanes global. The trade pact has helped boost South Korea’s USA exports to 5 percent of its GDP, including automobiles and electronics.

Japan lost out to China in bidding in September a year ago for a high-speed rail link in Indonesia between the capital Jakarta and Bandung, a provincial capital.