China open to any mechanism good for Asia-Pacific: commerce minister

CIMB Private Bank economist Song Seng Wun said the direct economic impact of the TPP on Singapore might be limited given that it already has existing free-trade agreements with all the countries involved except Canada and Mexico. I will also focus on whether this agreement will correct trade imbalances and establish enforceable standards to ensure Nebraska products are treated fairly in the TPP countries.

It will come into effect only after each of these ratifies the agreement. As mentioned in the Statement by the President on the Trans-Pacific Partnership, once the text of TPP is finalized, ‘Congress and the American people will have months to read every word’ before the agreement is signed.’ Once approved by Congress, it may take place as early as 2016. Without joining TPP, Taiwan would run high risks of being marginalized in the region, the experts indicated.

Steinbock said Vietnam and Malaysia would gain access to important USA markets, while Singapore seeks greater access to the United States, along with tiny oil-rich Brunei.

Trade Minister Tim Groser told TV One’s Q+A programme on the TPP that, ‘it is nearly inconceivable, given the safeguards that our worldwide lawyers have negotiated, that anyone will take a case against New Zealand in the next X years’. How you deal with Wall Street.

America’s farmers and ranchers are among the most productive and efficient in the world.

“The benefits go far wider than tariffs”, he said. That’s because the trade deal could “force China to reform” state companies and government policies in ways that “facilitate medium- and long-term economic development” and “undoubtedly benefit” the country, the report said.

The Trans-Pacific Partnership (TPP) deal, which creates the world’s largest free-trade zone, comes amid considerable controversy as to its goal and its ramifications on global trade (“How to sell the TPP”; October 7).

The TPP is also likely to become the yardstick for various commitments to trade liberalisation for countries bidding for membership of the Asia Pacific Economic Cooperation (APEC) grouping, such as India.

The tentative TPP deal was reached after all-night negotiations in Atlanta last weekend, after talks in Hawaii were expected to settle it before Canada’s election campaign. Our exports support roughly 12 million American jobs – and they’re jobs that typically pay better than other jobs.

Because they believe TPP will hand too much power to big multinationals at the expense of local businesses and politicians.