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The Trans-Pacific Partnership: Is It Finally Here?

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The Trans-Pacific Partnership (TPP) began in 2003 between three countries: Singapore, New Zealand, and Chile. The TPP is meant to conduct trade liberalization laws and regulations with countries in the Asia-Pacific area. Shortly before the TPP concluded in 2006, Brunei was able to join. After watching much success between this new trade partnership, other countries started to get involved in the discussions and showed interest in joining TPP, including the United States, followed by Australia, Peru, Malaysia and Vietnam, Japan, Mexico, and Canada. On December 10th of 2013, there were hints that the countries were close to completing the partnership.

There are numerous goals the countries involved in the TPP wish to accomplish. The primary one, though, is to introduce new conducts of trade between the countries and invest in each other, which they hope will lead to the Asia-Pacific region being more of a free trade area. In other words, this means that when a country takes on a new trade regulation of trade liberalization, that country will be opening their individual market without or rather lessened restrictions to the countries involved in the TPP. In addition, they are looking to do the following:

  1. Create new investment and trade opportunities for the various countries’ workers and businesses by assimilating tariffs and barriers to goods and services trade and investment
  2. Establish checks and balances between the countries a part of the TPP, over the development of production and supply chains
  3. Promote individual and sustainable growth in the various countries, create jobs, raise living standards, and improve the welfare numbers
  4. Promote trade and investment of new, innovative products and services
  5. Provide a livable document in order to update the TPP agreement as necessary and as the partners see fit, in order to address trade issues that come up in the future

When President Obama took office, he made the TPP his trade policy for the Asia-Pacific region. With 34% of the overall US trade coming from the countries involved in the TPP, there was much pressure from the Democrats, amongst others, to push this trade policy. The Obama Administration believes it could potentially help the US economy simply by the amount of trade and investment that is possible. The Peterson Institute did a study about the TPP and determined that the “TPP agreement provides global income benefits of an estimated $223 billion per year, by 2025,” and goes on to state that “The TPP could generate an estimated $305 billion in additional world exports per year, by 2025, including an additional $123.5 billion in U.S. exports.”

There are numerous statistics out there that deal with dollar amounts and how it could possibly effect the economy. However, there are also some controversies that have been brought up by many. During the negotiations process, WikiLeaks released information about how this could affect the Intellectual Property Rights to individuals, specifically dealing with one’s freedom of speech, right to privacy and due process, and their ability to create new, innovative products. As it stands, there are no provisions protecting commercial trade in the US. The biggest controversy, though, is that the public has the amount of transparency that is basically non-existent in regards to the negotiations between the 12 countries. Some private corporations and entities alike have been receiving updates about the negotiations. The question remains, is this the Obama Administration’s doing? Or is this an agreement made by our elected politicians as to not receive backlash from the public and, in return hopefully, speed up the process?

As of October 4th, 2015 the 12 TPP Countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, The United States, and Vietnam – announced that they had concluded their negotiations. They all believe the TPP document holds a high standard, that it’s motivating and ambitious for all, and most importantly it is a balanced agreement that will promote economic growth for all.

In addition to there being 30 distinctive chapters, according to the Office of the United States Trade Representative, there are five features that make the TPP a historical agreement in the 21st century:

  • “Comprehensive market access.  The TPP eliminates or reduces tariff and non-tariff barriers across substantially all trade in goods and services and covers the full spectrum of trade, including goods and services trade and investment, so as to create new opportunities and benefits for our businesses, workers, and consumers.

 

  • Regional approach to commitments.   The TPP facilitates the development of production and supply chains and seamless trade, enhancing efficiency and supporting our goal of creating and supporting jobs, raising living standards, enhancing conservation efforts, and facilitating cross-border integration, as well as opening domestic markets.

 

  • Addressing new trade challenges.  The TPP promotes innovation, productivity, and competitiveness by addressing new issues, including the development of the digital economy and the role of state-owned enterprises in the global economy.

 

  • Inclusive trade.  The TPP includes new elements that seek to ensure that economies at all levels of development and businesses of all sizes can benefit from trade.  It includes commitments to help small- and medium-sized businesses understand the Agreement, take advantage of its opportunities and bring their unique challenges to the attention of the TPP governments.  It also includes specific commitments on development and trade capacity building, to ensure that all parties are able to meet the commitments in the Agreement and take full advantage of its benefits.

 

  • Platform for regional integration.  The TPP is intended as a platform for regional economic integration and designed to include additional economies across the Asia-Pacific region.”

As much as some may want it to take effect immediately, unfortunately due to the various countries political reigns, it cannot. It will have to be approved by not only Congress but also the other countries’ legislatures. Until then, society will await in anticipation to see what the TPP fully has in store, and what its true colors will be.

Image via Flickr/Flazingo Photos

Asia Pacific

China earthquake death toll rises to 149, two still missing after a week.

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The death toll from the China earthquake rises to 149, with two still missing after a week. At least 149 people were murdered in a rural location in the northern part of China by one of the most severe earthquakes that China has seen in recent years, according to official media. Two people are still missing following the magnitude-6.2 earthquake a week ago.

The earthquake’s epicenter was located in an area encompassing both the provinces of Gansu and Qinghai. The Hui people of China, a relatively small ethnic minority that stands out for having a distinctive Muslim identity, reside in significant numbers in this area.

The quake’s violent vengeance was felt most strongly in Gansu. Almost 200,000 dwellings were destroyed, and 15,000 homes were on the verge of collapsing, according to reports from Chinese official media. In the province, the severe earthquakes caused 145,000 people to be displaced, and as of December 22, 117 people had been killed and 781 others had been injured.

According to official media, as of 11 p.m. (1500 GMT) on Sunday, 32 people had perished, and two more were still missing in the region of Qinghai, which is located west of Gansu.

The local authorities have determined that the shallowness of the earthquake is responsible for the severity of the damage. The thrust-type rupture during the earthquake and the comparatively soft sedimentary rock in the area contributed to the shakes’ significantly increased destructive power.

Most of the destroyed residences were constructed at an earlier age and were constructed out of brick-wood or earth-wood buildings. Because their load-bearing walls were created from the earth, the local authorities have stated they have inadequate defenses against earthquakes.

In addition, they stated that the tragedy has brought to light the critical need to increase the earthquake resilience of dwellings in rural areas.

Those provinces that are located on the northeastern limit of the tectonically active Qinghai-Tibetan plateau, which includes the majority of Tibet, Qinghai, Gansu, and sections of Xinjiang, as well as the rocky highlands in the western part of Sichuan, are prone to experiencing earthquakes.

In the province of Sichuan, a magnitude-6.6 earthquake occurred ten years ago, resulting in the injuries of over 6,700 people and the deaths of over 160 others. Two thousand seven hundred people lost their lives as a result of the devastating earthquake that struck Yushu, which is primarily Tibetan, in 2010.

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Asia Pacific

North Korea vows more satellite launches, beefs up military on border.

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On Monday, North Korea issued a warning that it will continue to exercise its sovereign rights, including through the launch of satellites. At the same time, reports indicated that its forces were repairing some guard posts destroyed on the South Korean border.

According to reports from North Korean official media, the foreign ministry of North Korea stated that monitoring the United States and its allies was the impetus behind the launch of a reconnaissance satellite last week.

“It is a legal and just way to exercise its right to defend itself and thoroughly respond to and precisely monitor the serious military action by the U.S. and its followers,” according to the KCNA investigation.

With nuclear weapons. North Korea launched the satellite on Tuesday, and the North Korean government claimed it had successfully entered orbit and sent images. However, South Korean defense officials and analysts stated that the capabilities of the satellite had not been independently verified.

Following the launch, South Korea resumed aircraft monitoring along the demilitarized zone and suspended a crucial condition in an inter-Korean military agreement in 2018.

In response, North Korea said that the deal would no longer bind it and would instead position weaponry along the border with South Korea.

According to the defense ministry of South Korea, North Korean soldiers have been seen transporting heavy weaponry back into the Demilitarized Zone (DMZ) border and putting up guard posts, even though the two nations are supposed to have dismantled the guard posts as part of the deal.

According to estimates provided by South Korea, the North maintained around 160 guard stations along the DMZ, while the South maintained only 60. After the military accord was made in 2018, it was intended to reduce tension and prevent accidental military conflicts. As a result, each side destroyed 11 of them.

According to the South Korean defense ministry, which cited images taken by cameras located in the Demilitarized Zone (DMZ), armed North Korean personnel have been seen repairing damaged guard posts in many areas since Friday.

In addition, they were reportedly installing what seemed to be a recoilless rifle, a portable anti-vehicle weapon or light artillery piece, at a stronghold, according to the report, which also cited an image.

According to KCNA, North Korean leader Kim Jong Un paid another visit to the control center of the space agency in Pyongyang on Monday morning. While there, he studied fresh satellite photographs of several locations, including Rome and the Anderson Air Force base in Guam, which is located in the United States.

According to his office, South Korean President Yoon Suk Yeol was informed on the most recent acts carried out by North Korea and issued an order to prepare the troops.

Monday was an unplanned meeting of the United Nations Security Council that the United States convened to discuss the satellite launch that North Korea conducted.

On November 22, nine other members of the Security Council joined the United States in issuing a statement that condemned the North Korean satellite launch for utilizing ballistic missile technology and referred to the launch as a breach of several resolutions passed by the Security Council.

The Foreign Ministry of North Korea stated that the statement just demonstrated how dysfunctional the United Nations Security Council had become, with some member nations mindlessly following the United nations in releasing worthless pronouncements.

Despite Pyongyang’s ongoing testing of ballistic missiles with ever-increasing destructive potential, China and Russia, two of the five permanent members of the Security Council that each have a veto, have refused to participate in any fresh sanctions against the country.

They were absent from the most recent statement made the previous week.

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Joe Biden and Xi Jinping meet amid disputes over military and economic issues

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For the first time in a year, U.S. President Joe Biden met with Chinese Leader Xi Jinping on Wednesday, potentially reducing tensions between the two giants over military conflicts, drug trafficking, and artificial intelligence.

At the Filoli estate, a rural home and gardens around 30 miles (48 km) south of San Francisco, where they would later travel for an Asia-Pacific Economic Cooperation (APEC) forum session, Biden greeted the Chinese president.

Profound progress on the enormous gaps that separate the presidents of the United States and China may have to wait until another day. Still, they will work to ease tensions in what many consider the most significant relationship in the world.

Expectations are low as Biden and Xi debate issues on which the leaders have not been able to agree for a long time, including human rights, North Korea, the South China Sea, Taiwan, the Israel-Hamas conflict, and Russia’s invasion of Ukraine.

On Tuesday, Biden and Xi traveled to San Francisco, where they will attend the APEC conference.

Against the backdrop of Beijing’s territorial disputes with neighbors, a Middle East crisis alienating the U.S. from friends, and relative Chinese economic weakness, leaders of the twenty-one-nation group convene, accompanied by hundreds of CEOs in San Francisco to woo them.

According to experts, Xi will be hoping for a smooth meeting with Biden to demonstrate to those back home who are worried about the economy and declining foreign investment that he can manage ties between the two biggest economies in the world.

Despite attempts to remove homeless people from the streets, San Francisco’s well-planned visit by Xi could come undone. Protesters supporting and opposing China’s ruling Communist Party clogged the route from the airport to the conference venue, an unusual sight for Xi, who last traveled to the U.S. in 2017.

Far from the APEC conference site, the bilateral summit venue provides the leaders a blend of security, tranquility, and seclusion.

In an attempt to save rapidly strained relations, Biden has pursued direct diplomacy with Xi, placing his trust in the personal bond he has built with the most powerful Chinese leader since Mao Zedong over a dozen years.

The National University of Singapore’s political science professor, Chong Ja Ian, stated that Mao described the two sides’ tactics as “talk and fight, fight and talk” during the Chinese Civil War.

Chong said, “That is, to talk while building up forces.”

The White House hopes the meeting will pave the way for additional discussions.
Before the meeting, White House spokesperson John Kirby told reporters, “We’re all expecting that this will be a productive discussion today, and hopefully, a precursor to much more communication and dialogue between our two teams going forward.”

Iran, meddling in elections, and furanone

Biden is anticipated to put pressure on Xi during the meeting to use China’s clout to persuade Iran to refrain from provocative action or to encourage its proxies to get involved in activities that could spark a regional conflict between Israel and Hamas.

He is also anticipated to bring up human rights, the status of American citizens who Washington believes are being wrongfully detained in China, and alleged Chinese efforts to sway international elections.

Officials from the US were looking forward to concrete steps that would bring back staff-level talks between the two countries on a wide range of issues, such as military-to-military communications, reducing the flow of fentanyl, managing trade and climate, and keeping an eye on the development of artificial intelligence technologies.

U.S. officials claim that a large portion of the chemicals used to make fentanyl originate in China.

Before the meeting, the two nations agreed to support a new goal for renewable energy and committed to lowering methane and plastic pollution. However, their efforts to revive climate cooperation were put on hold when former U.S. Speaker of the House Nancy Pelosi visited Taiwan in 2022.

After the COVID-19 pandemic, Biden’s 80-year-old economy has performed better than most wealthy countries. He is running for office again.

Despite some disagreements regarding the Israel-Hamas conflict, he has rallied the country’s longstanding allies from Europe to Asia to oppose Russia in Ukraine.

Ten years younger than Biden, Xi has tightened control over state leaders, the media, the military, and policy, including amending the constitution. However, the country’s three-decade growth trajectory has been off due to economic issues.

Officials from all across the region anticipate that Beijing will put Washington to the test in the upcoming weeks, capitalizing on what it perceives to be a shift in American attention away from Ukraine and Israel and toward its own goals in the Indo-Pacific.

Biden is anticipated to inform Xi that American commitments in the Indo-Pacific region remain unaltered. China’s actions in the Taiwan Strait, South China Sea, and East China Sea—areas of international dispute—have alarmed its neighbors in recent years.

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