Sunday, November 26, 2017

What will the TPP mean for China?






What will the TPP mean for china? The TPP is a pretty big deal since it’s the most important trade deal negotiated in over 20 years. According to China file “China has more recently dropped its blanket opposition, and taken a more nuanced “wait and see” attitude. On many occasions, Chinese spokesmen have indicated that although they were not ready to meet the demanding requirements of a potential TPP agreement today, they might be ready and willing to join in a few years.”

The TPP shows the United States and Japan exercising leadership and stepping out ahead of the global community in their willingness to negotiate new set of rules and obligation. What does this mean for china? It means that it is going to create the possibility that the future rule for the global economy will be written under predominant U.S. influence. This will make China incredibly uncomfortable, and it’s also putting pressure on china to come up with alternative that will be attractive to its neighboring countries while also serving its own country interest.

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