JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
“…many TPP countries already have free-trade agreements with China. Even the United States is negotiating a bilateral investment treaty with China…In the shorter run, China is likely to seek to fast-track its own favoured free-trade accord – the Regional Comprehensive Economic Partnership (RCEP), which comprises the 10 ASEAN (Association of Southeast Asian Nations) countries plus China, South Korea, Japan, India, Australia and New Zealand. This 16-country bloc would be a larger grouping than the TPP and include the world’s two most populous countries, China and India.”
What the above outlines is the very thing Donald Trump said – China is once again outsmarting us and sneaking in through the back door. It should also be noted that TPP rules include strict environmental regulations – primarily for the United States and other more developed nations. China wanted nothing to do with such economically prohibitive rules and so has, and continues to make trade agreements of its own accord which includes getting a bilateral agreement with the United States.
It appeared no-one on that stage last night was aware of the above facts, and yet, the media is already spinning how Senator Paul “fact-checked” Donald Trump. Mr. Trump never said China was part of the TPP. What he did say is that China will take advantage of that agreement which stifles American job creation while likely further increasing already lopsided trade imbalances between this nation and others.
Read more at MUST READ: Trump Was Right On China & The TPP Agreement - DCWhispers.com
So if we have free trade agreements with countries that also have free trade agreements with China, we in effect have a market that also includes China. While the worst parts of the TPPP that involve the right of service proividers to freely enter the US with any number of specialists that they want will not be open to China initially, the courts that are set up inthe treaty can always expand these rights to the 'friends of friends' so to speak.
Plus China can always sign on later anyway, so the fact that China is not in the TPP at this moment is pretty much irrelevant. They will be.
What the above outlines is the very thing Donald Trump said – China is once again outsmarting us and sneaking in through the back door. It should also be noted that TPP rules include strict environmental regulations – primarily for the United States and other more developed nations. China wanted nothing to do with such economically prohibitive rules and so has, and continues to make trade agreements of its own accord which includes getting a bilateral agreement with the United States.
It appeared no-one on that stage last night was aware of the above facts, and yet, the media is already spinning how Senator Paul “fact-checked” Donald Trump. Mr. Trump never said China was part of the TPP. What he did say is that China will take advantage of that agreement which stifles American job creation while likely further increasing already lopsided trade imbalances between this nation and others.
Read more at MUST READ: Trump Was Right On China & The TPP Agreement - DCWhispers.com
So if we have free trade agreements with countries that also have free trade agreements with China, we in effect have a market that also includes China. While the worst parts of the TPPP that involve the right of service proividers to freely enter the US with any number of specialists that they want will not be open to China initially, the courts that are set up inthe treaty can always expand these rights to the 'friends of friends' so to speak.
Plus China can always sign on later anyway, so the fact that China is not in the TPP at this moment is pretty much irrelevant. They will be.