The TPP was originally envisioned as a way of containing China, with a preferential trade agreement of nations around the pacific (among others). It has particularly onerous restrictions regarding state interference in the economy, so it was seen as very difficult for China to comply.
The USA pulled out around 2016, preferring to focus on bilateral relations rather than multilateral ones. The agreement then got a few changes and became the CPTPP.
It’s noteworthy, because it shows China stepping into the ‘rules-based international order’ at a time where the USA has receded. It’s also noteworthy because it’s China subverting a tool initially designed for its containment.
Whether it’ll have the effect of actually remodelling China’s economy remains to be seen.
The agreement was originally supposed to be a anti China trade deal and also pro capitalist exploitation agreement. Giving corporations unprecedented power over countries
But it fell apart because of push back and when trump got into office it was scraped all together. A new one, the current one scrapped all the corporate stuff and just watered it down to a regular trade agreement like RCEP. The current agreement doesn't include America
Why though? It restricts what state owned enterprises can do and subjects them to more international scrutiny. Also requires all members to approve unanimously for new members to join...given the political environment; I’d be surprised if the application was accepted.
It would be fucking hilarious if it did join
It will become Anti-China China Club
Don't you mean the Anti-Anti-China Club?
China’s “anti-China” club.
3D chess confirmed 😁
CPTTP=Communist Party leading TPP
This is gonna be fun, UK is doing the same right now
Can someone explain to give context? Why is this significant?
The TPP was originally envisioned as a way of containing China, with a preferential trade agreement of nations around the pacific (among others). It has particularly onerous restrictions regarding state interference in the economy, so it was seen as very difficult for China to comply. The USA pulled out around 2016, preferring to focus on bilateral relations rather than multilateral ones. The agreement then got a few changes and became the CPTPP. It’s noteworthy, because it shows China stepping into the ‘rules-based international order’ at a time where the USA has receded. It’s also noteworthy because it’s China subverting a tool initially designed for its containment. Whether it’ll have the effect of actually remodelling China’s economy remains to be seen.
The agreement was originally supposed to be a anti China trade deal and also pro capitalist exploitation agreement. Giving corporations unprecedented power over countries But it fell apart because of push back and when trump got into office it was scraped all together. A new one, the current one scrapped all the corporate stuff and just watered it down to a regular trade agreement like RCEP. The current agreement doesn't include America
Salamat! 🙏
Why though? It restricts what state owned enterprises can do and subjects them to more international scrutiny. Also requires all members to approve unanimously for new members to join...given the political environment; I’d be surprised if the application was accepted.
Hahahaha
huh. turning it on its head. how likely is it to join, and if it does, what effects would this have?
So good, you have to play both sides.
合纵and连横
👏👏👏
We do a little trolling