![]() Meanwhile, the Obama administration has been pushing for the deal, with Obama trying to get it through Congress during the lame-duck period before he leaves office. (Although, for what it's worth, Clinton once called it the " gold standard " of trade agreements.) Notably, both Hillary Clinton and Donald Trump say they oppose the TPP deal, zeroing in on American workers' anxieties as they vie for the top job in the White House. US President Barack Obama, left, and Chinese President Xi Jinping shake hands at the end of their news conference in the Great Hall of the People in Beijing, November 12, 2014. "The whole TPP agreement really isn't about workers, who are taking it on the chin whether it gets concluded or not," Eurasia Group President Ian Bremmer previously told Business Insider's Pamela Engel. Lee, the share of US troops in the region is up to 10% in 2015 from 8% in 2008, with the number of US troops increasing significantly around Japan.Īnd the TPP deal, which would lower tariffs for 12 countries around the Pacific - excluding China - could be interpreted as another arm of that agenda. US President Barack Obama next to China's President Xi Jinping in front of Japan's Prime Minister Shinzo Abe, back left, Australia's Prime Minister Tony Abbott, back center, and Malaysia's Prime Minister Najib Razak at a photo shoot for the Asia Pacific Economic Cooperation (APEC) leaders' meeting in Beijing, November 11, 2014.Īlthough the bulk of the discussion regarding the TPP stateside has centered on the growing populist movement and the rising backlash against trade, there's also a key geopolitical angle in light of the world's increasing multipolarity.Īs China has continued to grow economically on the global stage and militarily in Asia over the last few years, the Obama administration has worked to both strengthen the US's relationship with China and other Asian states and to increase its military presence in the region. According to The Wall Street Journal's Carol E. Success or failure will sway the direction of the global free-trade system, and the strategic environment in the Asia-Pacific," he said, expressing similar sentiments again at an event hosted by Reuters on Wednesday. "Japan and the US must each obtain domestic approval of the TPP as soon as possible for its early entry into force. ![]() "Second, the TPP is a pillar for the US strategy of 'rebalancing toward Asia.' Through the TPP, the US can make clear its commitment to playing a leadership role in the growing Asia-Pacific."Īnd as the deal faces significant hurdles made all the more difficult by a US election season in which both candidates have opposed its ratification, Abe stressed the importance of imminent passage. "First, the TPP will be a platform for expanding a free trade and fair economic space in the Asia Pacific," he said. "The TPP will be epoch-making for Japan and for countries in the Asia-Pacific in two ways," Abe said as he addressed an investment seminar hosted by the Japan External Trade Organization and the Japanese Ministry of Economy, Trade, and Industry at the Pierre Hotel on Monday. ![]() Account icon An icon in the shape of a person's head and shoulders.
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