USA to hold China’s growth in Pacific RegionNew business realities.
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1 TPP: NAFTA (US, Mexico, Canada) Australia, NZ, Japan, Chile, Peru. These 4 ASEAN countries: Malaysia, Vietnam, Brunei, Singapore
2 ASEAN, 10 countries, the 4 previous, plus, Indonesia, Philippines,Thailand, Cambodia, Laos, and Myanmar
3 Conclusion, TPP - ASEAN, involves 80 relevant bilateral trade relationships between countries
AsiaUSATrade.com ... etc
All of them, the 80 in Sylodium
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We know that import export business, suppose some times big amounts of money.
Of the 4 Asean countries in the TPP, Singapore, Brunei, Malaysia, and Vietnam, the last 3 had to sign off on a “side letter” to placate domestic legislative concerns about labour rights.
Of all of these, surely, Vietnam will be the big winner.
Only Vietnam and Singapore have FTA with the EU,
Malaysian exports also benefit
Brunei will get added protections for its foreign investments,
Singapore already had FTAs with Canada and Mexico,
Singapore is the father of the TPP together with Chile, New Zealand and Brunei, that were the foundation for the TPP talks.
Between the US-ASEAN Business Council and Sylodium
Between ASEAN-JAPAN CENTRE with Sylodium
What about ASEAN countries out of TPP?
Indonesia, Thailand and the Philippines in particular will feel the competitive disadvantages for their exports
The three countries may even think about trying to join the TPP
The three large Asean countries might also try to reinvigorate their FTA talks with the EU.
The Philippines could make the effort to join TPP as part of the price of getting further US support for its South China Sea/West Philippine Sea dispute
Urgency for all that are outside TPP to complete the RCEP talks,
Regional Comprehensive Economic Partnership (RCEP)
is a proposed FTA between the ten member states of ASEAN and the six states with which ASEAN has existing FTAs (Australia, China, India, Japan, South Korea and New Zealand).
The TPP is a game-changer as the US commitment to the region extends beyond security matters towards business. It will also force Asean members to up their game, both those who are in the TPP already and those who on the outside looking in.
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