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Trans-Pacific partnership
PHL not in a hurry to ink FTA with US
Hammering out a bilateral free-trade agreement (FTA) with the US is not a priority of the Philippines, despite its decision to withdraw from the Trans-Pacific Partnership (TPP) talks, a Cabinet official said on Tuesday.
Chile talks attendance shows TPP appeal fading
Efforts to salvage a blockbuster Pacific trade deal are struggling against waning enthusiasm from participants, such as Malaysia, before a meeting of officials this week in Chile.
China-championed pact faces tricky talks
Trade negotiators are under pressure this week to make progress on a blockbuster Asia pact, after President Donald J. Trump pulled the United States out of a rival Pacific agreement. But officials meeting in Japan face some significant sticking points.
Asia trade pact skids onto tricky ground on free migration issue
An Asian trade pact in focus after President Donald J. Trump pulled out of a rival deal has struck trouble over an issue that’s tripped up politicians from Europe to the US borders.
America First: Where is Trump leading the world?
IN a major deviation from the traditional free-trade stance of American leaders, US President Donald J. Trump openly declared that his administration is pursuing America First policy. He has withdrawn US support to the Trans-Pacific Partnership (TPP), which his predecessor crafted as a strategic response to the growing Chinese trade dominance of the region. He has also called for an overhaul of the 1994 North American Free Trade Agreement (Nafta) involving Canada and Mexico, claiming that America has been a big loser under the said agreement in terms of jobs and exports. Trump also announced his administration’s resolve to build a long and expensive concrete wall to prevent Mexican labor and goods in flooding the US territory. Trump intoned: He wants more manufacturing jobs to remain and expand within the US under his America First policy. Yes, he will still continue trade talks, but this time on a bilateral or country-by-country basis. Trump’s America First is outright trade unilateralism, outright economic nationalism.
The global trade disaster
The 800-pound gorilla in the room called the global economy is trade. The policy-makers know about it and do not want to talk about it. Local pundits are panicking about the fact that US President Donald J. Trump has cancelled the Trans-Pacific Partnership, and yet, could offer no prediction of concrete benefits, except that US companies might be inclined to bring in more foreign investment.
Australia is shaken by US decision to pull out of TPP, Ambassador Gorely says
Australian Ambassador Amanda Gorely said their country was affected by the decision of the United States to pull out from the Trans-Pacific Partnership (TPP).
TPP ‘demise’ gives PHL breathing room
The decision of the United States to withdraw from the Trans-Pacific Partnership (TPP) is a boon for Philippine exporters, according to a senior official of the Department of Trade and Industry (DTI).
Trump nominees give Vietnam’s premier hope for Pacific trade pact
Vietnamese Prime Minister Nguyen Xuan Phuc is holding out hope that incoming US President Donald J. Trump will reconsider the Trans-Pacific Partnership (TPP), a trade deal that would be a major boost to the export-driven Southeast Asian nation.
China-led trade talks should wrap up with speed, ADB says
The death knell sounding for a United States-led Pacific trade pact creates a vacuum that a separate Asia deal being championed by China should quickly fill, according to the Asian Development Bank (ADB).
Hanoi tweaking economy even without TPP
AS Donald J. Trump prepares to kill the Trans-Pacific Partnership (TPP), the 12-nation trade pact is helping to spur the biggest overhaul of Vietnam’s economy in decades.
The Collapse of TPP Trading Down
Depending on who is talking, the Trans-Pacific Partnership is either the world’s most ambitious trade deal or the most dangerous.
WTO chief: Details needed to gauge impact of US pullout from TPP deal
GENEVA—The impact of Donald Trump’s threat to pull the United States out of the Trans-Pacific Partnership (TPP) trade deal will depend on what the president-elect lays out as the alternative, the head of the World Trade Organization (WTO) said on Thursday.
China wants quick close on regional trade pact after TPP hopes dashed
China wants to seal the deal on a trade agreement with Southeast Asian countries as soon as possible with a US-led pact now in doubt, a Ministry of Commerce official said on Thursday.
As Trump kills TPP, China eyes December talks to fill trade void
Even before Donald J. Trump enters the White House and formally abandons a US-led trade deal that represented a cornerstone of his country’s economic policy in Asia, Chinese President Xi Jinping will get a chance to prove his willingness to step into the leadership vacuum.
Trump rejection of TPP trade deal rued in Asia
TOKYO—President-elect Donald J. Trump’s announcement that he plans to quit the Trans-Pacific Partnership (TPP) trade deal may spell the end of the dozen-nation trade pact—at least in its original form.
RCEP to progress faster on better Manila, Beijing ties
The Philippines’s own pivot to Asia and its intent to mend relations with Beijing are seen to help speed up the conclusion of the China-led Regional Comprehensive Economic Partnership (RCEP) agreement, especially now that the US-led Trans-Pacific Partnership (TPP) is at a standstill, according to the Asian Development Bank (ADB).
Malaysian investors are fast running out of ‘Trump Cards’
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Amid a deepening emerging-market rout, three of Donald Trump’s seven promises to American workers are making Asia particularly nervous.