... many TPP countries (like Vietnam) initially became involved in the project because of the huge American market. Now they will be forced to settle for smaller markets. A number of separate meetings involving the leaders and high-ranking ministers of TPP-11 countries will be held on the sidelines of the upcoming APEC summit, though the experts do not express much optimism in this regard.
Against this background, the RCEP should have got a second wind. But its prospects are also vague, to put it mildly. The deadline for negotiations has been postponed three times ...
... promoting American multinational companies interests in the Asia-Pacific Region (APR). Sources close to the White House claim that more than 600 US corporations were involved in the text drafting and preliminary negotiations with partner countries. All TPP countries are APEC economies. Australia, Canada, Mexico, the United States and Japan are G20 member-states.
It is important to note that none of the provisions in the TPP agreement contradicts the principles of the World Trade Organization (WTO). However, TPP launches ...
... Regional Comprehensive Economic Partnership (RCEP). The Trans-Pacific Partnership, finalisation of negotiations of which was announced shortly before the APEC Leaders’ Meeting and which was incubated within APEC, had every chance to steal the APEC Leaders’ week headlines. But it all boiled down to a brief meeting of 12 TPP leaders outside the summit’s main programme and an
emotionless reference to the agreement in the declaration
as one of possible Pathways to the Free Trade Area of the Asia-Pacific (FTAAP), along with the need of the early completion of negotiations ...
... threat for the APEC that is losing its function of the principal bloc in the Asia-Pacific, which coordinates integration and convergence, decreases in tariffs and rates, and improvements in trade and economic relations. Importantly, politically the APEC brings together all major powers, including Russia and China.
Experts and politicians are aware that the TPP is an American integration project within the Asia-Pacific.
Unfortunately, Russia and China are not APP members, which will encourage them to increase their presence in the APEC. We will be watching the APEC and the APP compete. The Russia–China ...
