LINE

    Text:AAAPrint
    Economy

    Japan's divisive TPP move seems mission impossible

    1
    2017-05-05 10:55China Daily Editor: Feng Shuang ECNS App Download
    Trade ministers of the United States and 11 other Pacific Rim countries attend a press conference after negotiating the Trans-Pacific Partnership (TPP) trade agreement in Atlanta, the United States, on Oct 5, 2015. (Photo/Xinhua)

    Trade ministers of the United States and 11 other Pacific Rim countries attend a press conference after negotiating the Trans-Pacific Partnership (TPP) trade agreement in Atlanta, the United States, on Oct 5, 2015. (Photo/Xinhua)

    During this week's meeting of the chief negotiators for the 11 countries remaining in the Trans-Pacific Partnership agreement, which was held in Toronto, Canada, on Tuesday and Wednesday, it became clear that Japan is keen to take over the helm relinquished by the United States, and it is pushing hard for the deal to be executed on time.

    Tokyo's enthusiasm for the much weakened, if not dying, multilateral pact, is clearly politically motivated.

    From the very beginning, the US-initiated pact, which was part of the previous administration's pivot to the Asia-Pacific, has borne the hallmarks of political calculation, as China, the world's second-largest economy, was deliberately excluded from what was claimed to be a pure economic arrangement.

    And for Japan, which is already locked in a bitter maritime territorial dispute with China in the East China Sea, the TPP has emerged as another way for it to compete with China for influence in the region. So after newly installed US President Donald Trump pulled the plug on the deal, saying it was not in the US' best interests, Japan, fearing China would fill the vacuum left by the US and further expand its sphere of influence in the Asia-Pacific region, has been keen to keep the deal alive.

    But, no matter how much Japan tries to breathe new life into the deal, with the withdrawal of the US, the future of the TPP looks bleak.

    The 11 remaining Pacific-rim countries that agreed to the US-led deal are not united behind Japan's purpose, with Peru, for instance, having made public the idea of bringing China into the partnership. Not to mention that, without the US, the combined GDP of the remaining members now accounts for only 13 percent of the world's total, which reduces the significance of the pact.

    In fact, sooner or later Japan will find it mission impossible to revive the TPP, let alone use it as a tool to contain China.

    Nor does its anxiety over its neighbor's rise reflect the mainstream view of China as an important upholder of free trade and globalization.

    In the face of the sluggish global economic recovery and growing protectionism, China has been increasingly looked upon as an important force to counter the fragmentation caused by such non-inclusive trade arrangements as the TPP.

    Instead of adopting a divisive stance, China remains steadfast in vigorously working for an innovative, interconnected and inclusive regional and global economy, as proved by its advocating of negotiations on the more inclusive Regional Comprehensive Economic Partnership and its advancing of the Belt and Road Initiative.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 越西县| 东阿县| 南木林县| 廉江市| 灵璧县| 江口县| 彰化县| 霍山县| 新昌县| 廉江市| 西城区| 永年县| 苏尼特右旗| 班戈县| 荃湾区| 瓮安县| 韶关市| 罗源县| 辽中县| 盐池县| 余庆县| 宁德市| 灵武市| 台江县| 屏南县| 永胜县| 卢氏县| 藁城市| 黄平县| 平泉县| 惠东县| 靖远县| 桂东县| 荃湾区| 泰兴市| 上虞市| 兴业县| 阳西县| 玉林市| 建始县| 泸西县|