First off why is this article in this weeks Economist the first time I have ever heard of the Trans-Pacific Strategic Economic Partnership? There is a chance that it might become a big deal this month with an APEC meeting taking place, and it would be an even bigger deal if Japan were to enter into negotiations. Without Japan it does not look like it would be all that interesting due to the fact that most of the countries involved have a standing free trade agreement with the US, the notable exception of course being Vietnam and New Zealand. Opening up to another English speaking country would obviously be worth more to New Zealand and the US than a non-English speaking country of the same standing. Vietnam I would assume would benefit greatly from becoming even cheaper than it is to US firms in regards to China (which may force the US and China to finally work out their problems).
The big fish though, is Japan. Tying the 1st and 3rd largest economies together would be nothing short of fantastic and may entice China to join the club or at least play a bit more fairly.
I don't claim to know anything about FTA or trade in general but I really want to learn more about trade deals.
The big fish though, is Japan. Tying the 1st and 3rd largest economies together would be nothing short of fantastic and may entice China to join the club or at least play a bit more fairly.
I don't claim to know anything about FTA or trade in general but I really want to learn more about trade deals.
No comments:
Post a Comment