| Obama wants TPP to help boost U.S. influence in East Asia | |
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| chitianshi520 | Apr 18 2018, 12:56 AM Post #1 |
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Officials spoke on the fourth negotiation meeting of RCEP in Nanning Cheap France Soccer Jerseys , Guangxi province on April 4, 2014. SEOUL - Left outside the U.S.-backed Trans-Pacific Partnership (TPP) trade pact struck last week, China and India approach this week's talks for a huge Asia-wide equivalent with fresh urgency, lest competitor nations steal a march on export access. Beijing is a key driver of the Regional Comprehensive Economic Partnership (RCEP), a proposed 16-nation free-trade area that would be the world's biggest such bloc, encompassing 3.4 billion people. "Member countries will be under pressure to fast-track negotiations for RCEP Replica England Soccer Jerseys ," said a senior official in India, which is keen to avoid being excluded from major trade accords. China's central bank estimates the world's second-largest economy could forfeit a 2.2 percent boost to gross domestic product if Beijing does not join the TPP, according to a commentary by the bank's chief economist, Ma Jun, published in the official Shanghai Securities News on Friday. China stands to lose ground to manufacturing competitors such as Vietnam, which as a TPP member will have greater duty-free access to the United States and other member nations Custom England Soccer Jerseys , said Tu Xinquan, a professor at the University of International Business and Economics in Beijing. "It's not that there is a competition between the RCEP and the TPP, but overall, because of the pressure put on by the TPP, there's hope for a faster end to negotiations for more liberalized trade in the region," Tu said. RCEP was first conceived by the 10 members of the Association of Southeast Asian Nations (ASEAN) Authentic England Soccer Jerseys , but China is increasingly prominent as backer of the proposed pact. While RCEP has largely been seen as an alternative to U.S.-led trade plans, some say that view is evolving. China may ultimately look to steer RCEP talks towards a broader pact that would encompass TPP into a Free Trade Area of the Asia-Pacific (FTAAP), said Kim Young-gui, head of regional trade studies at the Korea Institute for International Economic Policy in Seoul - an idea first put forward by the Asia-Pacific Economic Cooperations (APEC) grouping. Seven countries - Australia, Japan, Malaysia England Soccer Jerseys For Sale , New Zealand, Singapore, Vietnam and Brunei - are in both TPP and RCEP. "New Zealand views TPP and RCEP as complementary stepping stones to the vision of a Free Trade Area of the Asia Pacific," said a Ministry of Foreign Affairs and Trade spokesperson. The TPP deal, reached on Oct. 5 after marathon talks between the United States and 11 Pacific Rim nations, aims to liberalize commerce in 40 percent of the world's economy and would be a legacy-defining victory for President Barack Obama. RAISING STANDARDS? Obama wants TPP to help boost U.S. influence in East Asia and counter the rise of China Cheap England Soccer Jerseys , but Beijing officially welcomed the pact, saying it hoped the deal would promote Asia-Pacific trade. "We hope that regardless of whether it is the TPP or the RCEP, they both can supplement, promote and be beneficial to strengthening the multilateral trade system," said Chinese foreign ministry spokeswoman Hua Chunying. Prime Minister Shinzo Abe of Japan, a key player in TPP Replica Croatia Soccer Jerseys , held out the prospect of bringing China into the deal in future, saying it would increase the pact's strategic significance and improve regional stability. Washington does not dismiss the possibility, though China would need to undertake reforms to meet the standards of commerce envisioned by the TPP. "It is not designed to encircle China," Deputy U.S. Secretary of State Antony Blinken said in Seoul last week when asked if Washington sees the TPP deal as a way to check China. "To the contrary, if China is interested in pursuing membership and it is able to meet the standards, we would welcome that." Those standards include minimum labor rights and principles for currency management that RCEP is unlikely to demand of Beijing. A Japanese foreign ministry official said TPP would accelerate the pace of RCEP and could have some impact on "raising the level of the outcome of the negotiations” Custom Croatia Soccer Jerseys , but the "very diverse group" had different ideas on what might be desirable. The 16 RCEP countries will present their offers for market opening when they meet in Busan in South Korea on Monday, with an aim to make "best efforts" towards reaching agreement by year-end, a South Korean official close to the negotiations said. Negotiators are expected to share their lists of offers for tariff reductions on goods and service sectors. Song Yeong-kwan, a research fellow at the state-run Korea Development Institute, believes agreement nevertheless remains years away. Since there were tensions between member countries, "it will not be easy Authentic Croatia Soccer Jerseys , and the process could be a bumpy ride," Song said. CARACAS, Aug. 2 (Xinhua) -- Venezuelan President Nicolas Maduro on Wednesday swore in the 545-member National Constituent Assembly (ANC) tasked to amend the Constitution. "This constituent assembly is the hope of an entire country," Maduro said at the swearing-in ceremony held at the Poliedro de Caracas, an indoor sports arena in the capital. The event came just days after a controversial election for the National Constituent Assembly (ANC) was held in Venezuela on Sunday. The coalition of opposition parties boycotted the election for the ANC members amid a series of anti-government campaigns against the proposal, claiming it is a tactic of the president to consolidate power. Maduro called for a constituent assembly in May to amend the constitution in a bid to overcome the political crisis that has paralyzed the country Croatia Soccer Jerseys For Sale , which only seems to have deepened the political divisions in the South American country. Following the swearing-in, the ANC will install itself Thursday in the legislative headquarters, home to the opposition-controlled N. |
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