日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

Unified rules, not exclusiveness, can boost trade

China Daily | Updated: 2018-01-30 07:55
Share
Share - WeChat
US President Donald Trump arrives at the World Economic Forum (WEF) in Davos, Switzerland, on Jan 25, 2018. [Photo/Xinhua]

Editor's note: One year after the United States withdrew from the Trans-Pacific Partnership agreement, the remaining 11 members have decided to revive it. The trade agreement will now be called Comprehensive and Progressive Trans-Pacific Partnership, Canadian Prime Minister Justin Trudeau said last week. Two experts share their views on the future of the CPTPP with China Daily's Pan Yixuan. Excerpts follow:

New trade pact against rules of globalization

Li Xiangyang, head of National Institute of International Strategy, Chinese Academy of Social Sciences [Photo/China Daily]

US President Donald Trump pulled out of the TPP and other multilateral agreements ostensibly to reduce the US' trade deficits with other countries, and seek bilateral cooperation in the hope of deriving more benefits for Washington. Trump's move has dealt a blow to other TPP member countries, as they would be deprived of benefiting from the largest economy's market and investment.
Since the US accounted for about 60 percent of the original 12 TPP members' combined gross domestic product, its withdrawal caused the TPP's share to drop from 40 percent to about 14 percent in the world economy.

But despite the decline in its membership and a smaller trade arrangement, the remaining 11 member countries seem to believe the mechanism still has the potential to boost their economies and, hence, have agreed to renegotiate the terms and conditions under the CPTPP, in order to benefit from the low-tariff free trade agreement. For example, as the world's third-largest economy, Japan can make more investment overseas than attracting foreign capital to its almost saturated domestic market.

Plus, the CPTPP can help fulfill one of the TPP's goals, that is, to prevent China from being involved in making trade rules for the Asia-Pacific region. Even countries such as Singapore and Vietnam, both being signatories to several multilateral mechanisms, have worked to exclude China from the CPTPP, which shows the new trade agreement, to a certain degree, will dilute China's involvement in multilateral mechanisms, which goes against the spirit of globalization.

Real deals needed to facilitate free trade

Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation [Photo/China Daily]

The TPP was designed primarily as an Asia-Pacific trade agreement to check the peaceful rise of China, and to consolidate the US' leadership in regional trade. That explained why the US excluded China, the world's second-largest economy, from the agreement. But the TPP, even in its original form, could hardly boost the US' real economy, let alone revive the US' manufacturing sector. Even former US secretary of state Hillary Clinton, a firm advocate of the TPP, opposed the agreement during the 2016 presidential campaign.

Trump withdrew from the TPP to protect the long-term interests of the US. Since the US accounted for 60 percent of the combined GDP of the TPP members, its withdrawal weakened the trans-Pacific trade mechanism. The Trump administration doesn't find the CPTPP too attractive, either.

Now, Japan is striving to revive the TPP to check China's peaceful rise, and hopes the US would rejoin the new trade agreement. But this political game of keeping China out of the TPP and now the CPTPP is neither good for a trans-Pacific trade agreement nor for free trade, especially because the CPTPP will do little to boost the economies of its member countries.

There are many regional free trade agreements with different rules, and these differences are becoming obstacles for regional trade, in particular for cooperation. If countries want to seek win-win cooperation on a larger scale and higher level, they have to reduce the overlapping rules in these agreements that are impeding regional trade. And the signatory countries to such trade agreements should negotiate a truly global trade system which unifies market rules, and makes them clearer and simpler.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 日本一二区视频 | 在线观看成年人视频 | 中文永久免费观看 | 日韩一区中文字幕 | 国产一区二区三区在线观看视频 | 天天爽夜夜爽人人爽 | 日本黄色大片免费 | 亚洲国产图片 | 91精品久久久久久久久久久久 | 日本黄色不卡视频 | 91狠狠综合久久久久久 | 黄色一级大片在线免费看国产一 | 人人舔人人插 | 亚洲视频欧洲视频 | 亚洲性色图 | 日本精品久久久久久 | 夫妻性生活毛片 | 国产精品久久影视 | 欧美激情精品久久久久久蜜臀 | 青青草手机在线视频 | 久久久久久一级片 | 人人舔 | 欧美成人自拍视频 | 亚洲精品无 | 欧美人成在线 | 久久综合99 | 日韩一页 | 国产精品日韩一区二区 | 麻豆一二三区 | 美女av网站 | 欧美一级在线播放 | 一级黄色免费毛片 | 超碰超碰超碰超碰 | 永久免费精品视频 | 一个人看的www在线视频 | 3d动漫精品啪啪一区二区免费 | 亚洲成人a√ | av国产一区 | 久久艹影院| 九九精品免费 | 99色视频 |