Asia-centred trade pacts will proceed with weaknesses

2018 ◽  
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
Regional Trade Agreements ◽  
Asian Countries ◽  
Regional Trade ◽  
Content Type ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
State Regional

Significance In contrast to this tariff escalation, eagerness to preserve the multilateral, rules-based economic order is drawing Asian countries into inter-regional trade agreements. Negotiations are ongoing to bring into effect a 16-state Regional Comprehensive Economic Partnership (RCEP) and an eleven-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Impacts Absent US involvement in the trade agreements, China will champion its own version of global free trade. Modifications within the CPTPP may reduce any incentive for the United States to rejoin. A US withdrawal from the WTO would weaken dispute systems used by smaller countries.

Taiwan will seek regional allies to diversify economy

2018 ◽  
Keyword(s):  
United States ◽  
Legal Status ◽  
Trade Agreements ◽  
The United States ◽  
Regional Trade Agreements ◽  
Gdp Growth ◽  
Regional Trade ◽  
Content Type ◽  
Global Competitiveness ◽  
The Government

Significance However, the government forecasts just 2.60% growth for the full year 2018. GDP growth in Taiwan is volatile but it is trending downward, averaging 2.5% annually during the years 2011-17. Taiwan’s disputed sovereignty and ambiguous international legal status make it difficult for it to maintain its global competitiveness as a small, highly trade-dependent economy. Impacts Other regional states will find an eager and active partner in Taiwan but they will be wary of antagonising China. Trade tensions between China and the United States threaten Taiwan's economy, since many Taiwanese companies supply Chinese exporters. Beijing may insist that regional trade agreements do not accept Taiwan as a member unless they include China, too.

South-east Asia will further champion free trade

2018 ◽  
Keyword(s):  
East Asia ◽  
Community Integration ◽  
Trade Agreements ◽  
The United States ◽  
South East Asia ◽  
Content Type ◽  
Economic Partnership ◽  
Asean Economic Community ◽  
Trade Preferences ◽  
Regional Comprehensive Economic Partnership

Subject South-east Asia's push for trade agreements. Significance Late last month, an Indonesian delegation led by Trade Minister Enggartiasto Lukita began a week of negotiations in Washington to lobby against the withdrawal of trade preferences for Indonesian exports to the United States. Meanwhile, South-east Asian states are involved in two major trade agreements: the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the 16-state Regional Comprehensive Economic Partnership (RCEP). Impacts US trade reprisals against Indonesia could weaken Jakarta’s support for Washington’s diplomatic pressure on North Korea. The US-China tariff escalation could prompt partners to redirect some of their trade, boosting trade between Taiwan and South-east Asia. ASEAN Economic Community integration will be slow despite progress in RCEP and the CPTPP.

Vietnam’s new leaders will prioritise economy

2020 ◽  
Keyword(s):  
United States ◽  
Central Committee ◽  
The United States ◽  
Foreign Investors ◽  
Content Type ◽  
Step Down ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
General Secretary

Significance CPV members will elect a 200-person Central Committee, which in turn will elect a Politburo, the party’s highest-ranking body. It is widely expected that Nguyen Phu Trong will step down as CPV general secretary, as party rules limit senior officials to two terms in office. Impacts Vietnam will promptly ratify the Regional Comprehensive Economic Partnership, which it signed with 14 other countries in November. Hanoi will count on the United States dialling down pressure over trade-related disagreements during Joe Biden’s presidency. Vietnam will continue to attract foreign investors looking to relocate capital from China.

scholarly journals Introduction To U.S. Free Trade Agreements

2016 ◽  
Vol 5 (2) ◽  
pp. 299-314 ◽  
Author(s):  
David A. Gantz
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
The United States ◽  
Regional Trade Agreements ◽  
The Political ◽  
Trade Policies ◽  
Regional Trade ◽  
Economic Considerations

Abstract This introduction explores the historical changes in the trade policies of the United States (U.S.), namely, the shift from the support of multilateral rules to the embracement of regional trade agreements and provides an overview of the political and economic considerations behind the conclusion of the major U.S. free trade agreements.

scholarly journals hegemon’s outside option: mega-regional trade agreements and United States trade policy

2019 ◽  
Vol 8 (1) ◽  
pp. 142-166
Author(s):  
Fernanda de Castro Brandão Martins
Keyword(s):  
United States ◽  
Trade Agreements ◽  
The United States ◽  
Emerging Countries ◽  
Regional Trade Agreements ◽  
Doha Round ◽  
Regional Trade ◽  
Trade Regime ◽  
Outside Option ◽  
Slow Progress

The United States is facing growing challenges to the advancement of its interests in the World Trade Organization. The assertiveness of emerging countries in advancing their interests in the Doha Round made the achievement of a deal almost impossible. Slow progress is being made (the Trade Facilitation Agreement, for example), but no broad and significant trade deal has been reached so far. There are ongoing suggestions that the Doha round should be abandoned for good. The TPP and TTIP represented two shots the United States has taken to advance its trade interests outside the scope of the WTO, escaping possible challenges imposed by emerging countries. The irony behind this is that the trade regime in force was created by the United States at the height of its hegemony. The questions driving this paper are: Is this option for trade agreements related to American hegemonic decline? And to what extent does this option weaken the weaken the multilateral trade regime embodied in the WTO? There is a brief discussion about the future of this strategy under Trump’s presidency, who has a different stance regarding regional trade agreements.     Recebido em: maio/2018.Aprovado em: janeiro/2019.

Beijing prepares to seize gains from Trump win

2016 ◽  
Keyword(s):  
United States ◽  
Bilateral Trade ◽  
The United States ◽  
Military Alliances ◽  
Content Type ◽  
Trade Sanctions ◽  
Maritime Disputes ◽  
Economic Partnership ◽  
Moral High Ground ◽  
Regional Comprehensive Economic Partnership

Subject The implications for China of Donald Trump's election as US president. Significance Donald Trump was elected president of the United States on November 8, after a campaign in which he blamed China's trade policy for damaging US industry. He threatened trade sanctions on China, but also questioned the value of US military alliances with countries on its periphery. Impacts Beijing's first priority will be preventing a showdown on bilateral trade. Isolationism in the United States would free China's hand in dealing with maritime disputes. Climate change 'denial' is not an issue in China, so here Washington will vacate the moral high ground to Beijing. Stalled progress in the Trans-Pacific Partnership leaves the China-backed Regional Comprehensive Economic Partnership as the alternative.

Washington is unlikely to join key Pacific trade pact

2020 ◽  
Keyword(s):  
United States ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Asia Pacific ◽  
Rules Of Origin ◽  
Content Type ◽  
The United Kingdom ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance Beijing’s announcement came shortly after it and 14 other Asia-Pacific countries signed the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA). Some US partners want Washington to join the CPTPP. Impacts As the largest economy in RCEP, China will have greater leverage in defining trade standards in the region. RCEP’s standardised rules of origin will enable its members to strengthen supply chains within the bloc. The United States remaining outside the CPTPP could diminish the pact’s appeal to the United Kingdom, which wants to become a member.

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