According to the article, even though America dropped out from the Tran-Pacific Partnership (TPP). As the executive director of the Asian Trade Centre, Deborah Kay Elms said, one purpose of the TPP is to push the member countries to open their markets, but for America which has already open a lot, what it can commit is actually very little. Also, becasue the relationship has been built up and some policy has been enacted, those countries can have good access with each other even though America is not there. Till now, most of the partnerships are built up under the lead of America and Japan can take the leadership but it's an unfamiliar role for it because it haven't been seen as a leader in this region. Elms thinks it would be a good chance for Japan and other Asian countries like China which is a partner of the Asean-led Regional Comprehensive Economic Partnership (RCEP), to learn to be a trade leader to fight against the raising protectionist sentiment.
http://www.cnbc.com/2017/03/14/japan-could-lead-a-resurgent-tpp-asian-trade-centre.html
1 comment:
The TPP is more than just a trade deal, and there was so much potential to make a meaningful difference in the way business is done in Asian countries that I can only hope that Japan makes this push. The deal is not perfect but its the best option so far. Australia has lost almost half of the Great Barrier Rief this year. Proving environmental action has be taken now in order to protect the environment.
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