What's new

Which Asian Countries will benefit the most out of the Trans-Pacific Partnership?

VALKRYIE

FULL MEMBER
Joined
Mar 6, 2015
Messages
669
Reaction score
-1
Country
Canada
Location
Canada
THE BEST DEALS OUT OF THE TRANS-PACIFIC PARTNERSHIP?

Vietnam is a clear winner. The United States? Not so much.

BY LIBBY ISENSTEIN

Legislation to fast-track negotiations on the White House-backed Trans-Pacific Partnership cleared key committees in the House and Senate last week, and the debate is now set to move to the floors of both chambers.

As President Barack Obama meets with Japanese Prime Minister Shinzo Abe today, this proposed partnership has divided Washington in an unusual way. Congressional Republicans and corporate lobbyists have joined the president in supporting the trade agreement, while many Democrats and a wide range of activist groups have come out against the White House-backed deal.

The chart below breaks down just how the proposed partnership would impact the countries involved, based on estimates from the Peterson Institute for International Economics. Vietnam is in the best position of the 12 nations, poised to see a $46 billion bump in GDP by 2025, an additional 13.6 percent of the baseline GDP projected for that year without the TPP.

http://cdn-media.nationaljournal.com/?controllerName=image&action=get&id=46878

Poor China :usflag:
 
.
China should shy away from this US sponsored trade deal that cedes sovereignty to big multinational corporations which already control the US government lock, stock and barrel. China has demonstrated it has its own economic and financial agenda that does not need nor seeks approval from Washington.

Vietnam :usflag: is the winner.
 
Last edited:
.
No US market, no US capitals, no US technology ... etc, no tigers in Asia.:welcome::usflag:
 
.
who will benefit from most?the answer is selfevident,that is none other than a nice guy who calls himself niceguy.
 
. . . .
Going by that chart, Malaysia is no. 2 biggest gain relative to GDP.
I wonder why Malaysia's Ex-Prime Minister Dr. Mahathir would still say this,

B6EwYr5CcAAjyGF.jpg

Probably it is because Dr. Mahathir does not mistake US's interests for his country's own interests.

Some Vietnamese friends on this forum, on the other, are often found to delightfully copy and paste US flag emoticons anytime they feel US gains some upperhand over China, regardless it is to the benefit or detriment of Vietnam.

These people want TPP so badly not because it is all rosy for Vietnam, but, in their mind, TPP is an anti-dote for China's rise.
 
.
No doubt the TPP is a brilliant move by the US,but the biggest loser won‘t be China as many ppl may think

And yes Vietnam will benefit the most in the short term,but after a decade I wouldn’t be so sure..
 
.
No doubt the TPP is a brilliant move by the US,but the biggest loser won‘t be China as many ppl may think

And yes Vietnam will benefit the most in the short term,but after a decade I wouldn’t be so sure..
We will quit if no more benefit, but after 10 years, I dont know if CN economy still can survive or CN will be torn apart and the US & the Jap will enslave u again :pop:
 
.
We will quit if no more benefit, but after 10 years, I dont know if CN economy still can survive or CN will be torn apart and the US & the Jap will enslave u again :pop:
LOL quit the TPP ??? by that time vietnamese economy will be entirely integrated by TPP to even think of quitting.

And why is China enslaved by US without even joining TPP ?? Worry about yourself
 
.
We will quit if no more benefit, but after 10 years, I dont know if CN economy still can survive or CN will be torn apart and the US & the *** will enslave u again :pop:

He is back!!!!! @mike2000 is back


The best case for Obama’s trade deal has nothing to do with America - Vox

Economist Tyler Cowen makes the simplest, and perhaps most persuasive, case for the Trans-Pacific Partnership trade deal that I've seen.

His argument? Vietnam. The country is very poor, very big, and, according to simulations run by the Peterson Institute for International Trade, likely to be the biggest beneficiary of the TPP. Here's why:

  1. Vietnam does a lot of trade with the United States.
  2. There are strong protections against footwear and apparel, which are key exports for Vietnam.
  3. Vietnam is well-placed to gain from China's rising labor costs.
  4. Vietnam has a lot of trade protections on its own market that TPP will reduce.
  5. There will be "powerful scale effects" in Vietnam's principal production clusters.
The other issue is that Vietnam is not a very free or well-governed country, and so a structure that forces better economic management and labor practices consistent with a liberal trading order could have some second-order advantages, too.

Cowen concludes:

Poorest country = biggest gainer. Isn't that what we are looking for? And if you are a deontologist, Vietnam is a country we have been especially unjust to in the past.

Yes, I am familiar with the IP and tech criticisms of TPP, and I agree with many of them. But if you add those costs up, in utilitarian terms I doubt if they amount to more than a fraction of the potential benefit for the ninety million people of Vietnam. TPP is more of a "no brainer" than a close call.

What you'll notice about Cowen's case is that it's based on the welfare of people who live outside the United States, which is, unfortunately, a mode of argument that tends to hold almost no weight in American politics unless someone is trying to justify a war.

My sense of the TPP, at this point, is that the arguments made by both its critics and its supporters about the trade deal's likely effects on the US are overstated. TPP just isn't going to matter very much for the US economy one way or the other. But it might matter quite a bit for non-US economies.


Trans-Pacific Partnership: Do it for Vietnam | The Diplomat

Trans-Pacific Partnership: Do it for Vietnam
The Trans-Pacific Partnership will have a huge positive effect on Vietnam’s economy. Should Americans care?

Tyler Cowen, the prolific economist behind Marginal Revoution (a blog I’ve read for over half-a-decade and recommend), has a unique case in favor of the Trans-Pacific Partnership that relies on simple utilitarian logic. Simply put, the benefits of the TPP coming into effect outweigh the costs in a huge way. Particularly, the benefits for one country—Vietnam—are huge. In fact, Cowen makes that case that the benefit to Vietnam would be so huge that any costs borne by U.S. interest groups and constituencies are marginal. The benefits to Vietnam alone should make the TPP a “no brainer” of an agreement.

The economic reason is simple. The TPP, while it is many things, is at its core a tariff-effacing trade agreement for among its 12 signatories. Vietnam, meanwhile, is not only a poor country, but a country that remains at odds with the values and principles guiding the primary stakeholder behind the TPP: the United States. Vietnam, a Communist country, has undertaken some liberalization on tariffs, “but since then has done some backsliding,” writes Cowen. Specifically, after its entry into the World Trade Organization (WTO), Vietnamese tariffs “on products of interest” to the United States drastically, only to slightly increase them to come in line with the maximum of the range allowed under WTO bindings (see the U.S. Trade Representative’s report on Vietnam here).

Given that Vietnam does a lot of trade with the United States and that the TPP will slash major trade protections on the Vietnamese market, it follows that Vietnamese goods will be particularly competitive in a post-TPP context. In support of these claims, Cowen cites a simulation study by the Peterson Institute on International Economics that demonstrates the same (i.e., that Vietnam, of all countries party to the TPP, stands to benefit the most). A particularly telling statistic for the potential gains for Vietnam in a zero-tariff scenario is the following: in 2012, 34 percent of U.S. apparel imports came from Vietnam, amounting to $7 billion. In a zero-tariff scenario, these imports are suddenly far more competitive.

Given the projections, Cowen notes that despite the “[intellectual property] and tech criticisms of TPP,” the TPP is a “no brainer” given the “potential benefit for the ninety million people of Vietnam.”

Of course, the logic underlying Cowen’s argument also holds in a hypothetical scenario where the United States and Vietnam conclude a bilateral free trade agreement, but since that’s nowhere on the policy radar for either government, the TPP seems like the best feasible way to attain the benefits for Vietnam.

Unsaid in Cowen’s analysis is that the TPP would likely facilitate the ongoing strategic rapprochement between the United States and Vietnam. For example, late last year, the United States lifted its long-standing arms embargo on Vietnam, leading to expectations of closer ties between the two former enemies.

Cowen, in an aside, throws out a call to any American ‘deontologists’ among his readership to support the TPP on the grounds that the United States has been “especially unjust to” Vietnam in the past. With the 40th anniversary of the Fall of Saigon—the event marking the end of the U.S.-Vietnam War—later this week, the point is particularly salient.
 
Last edited:
.
I wonder why few knows the actual the vietnam policy:

we join every economic club on earth, be asean, china, korea, japan, european union, australia, new zealand, russia, kasachztan or america. if there is a new club called penguin economic free trade union, we are ready to sign the pact with it. so this TPP is just one of the many.
 
.
TPP was signed between 4 asia pacific countries 10 years ago. US hijacked it and tried to implement its trade rules onto all the members. Its been almost 8 years since the US joined the "negotiations", the time to exclude china from economic integration has long past. Look at the all the members of TPP, which country doesn't have China as their biggest economic partner? Heck, even New Zealand ( one of the original 4 founding members of TPP) is now against it.
 
.
Short answer-none.Cant believe in 21st century there are still people who fail again and again for media lies.For OP and his kind(who apprently lack knowledge to do a simple web search for the little info available) -ask yourself if such "agreement" is good for all countries why details are secret?Why public has no access to the meetings?From the little info available for both TPP and its EU cousin is more than clear for all(well apart from usual suspects) who benefits from them- USA corporations.
 
.

Pakistan Affairs Latest Posts

Back
Top Bottom