Japan formally joined the TPP negotiations

3, the eastern city of Kota Kinabalu, Malaysia, Japan formally joined the eighteenth round of Trans-Pacific Strategic Economic Partnership Agreement (TPP) negotiations on the General Assembly, becoming the first 12 TPP participating countries. Japan to join the TPP negotiations, negotiations participating countries combined GDP will reach 26 trillion to 27 trillion U.S. dollars, accounting for nearly 40% of the total trade volume of global trade will account for about 1/3. Experts believe that Japan’s main strategic intent to join the TPP is to strengthen the alliance and the United States, if Japan joined the TPP, China will face the loss of some of the region’s economic and strategic influence risk.
Difficult to be completed before the end of the year
Japan sent by the chief negotiator on behalf of the Tsuruoka about 100 public two-member delegation led by the Japanese domestic TPP differences mainly in expressing support to the automotive, appliance industry, represented by agricultural groups and between groups expressed their opposition. States parties to the TPP is to cancel all trade tariffs by 2015 on the principle of high-level free trade agreement. November 2009, U.S. President Barack Obama announced a high profile in Japan, the United States will participate in the negotiations, after Australia, Peru, Vietnam and Malaysia and other four countries have joined the negotiations.
U.S. Trade Representative Michael Froman said on the 18th, “TPP agreement signed before the end of this year is tough, but it can be done.” However, experts interviewed for the TPP negotiations are completed before the end of the year is not optimistic, after all, “for the Japanese negotiators not much time left.” Former Prime Minister of Malaysia, political secretary, Nanyang Technological University, S. Rajaratnam School of International Studies Senior Fellow Wu Yi Shan, “Global Times” reporter admitted that the TPP negotiations based on the depth and complexity, and involving many countries, TPP agreement will be less likely this year signed before the end of the year. Headquarters in Tokyo, the Asian Development Bank Institute economist Xing I Ching, “Global Times” reporter said, “because the countries involved in the negotiations very different market system, TPP will eventually be unable to become as initially claimed high standards and comprehensive free trade agreement requires participating countries to make greater compromises. Hu Yi Shan also said that only countries involved in the negotiations are willing to lower the standard TPP negotiations it may be completed before end of this year, “But these countries will not be willing to lower their standards, especially in intellectual property and health standards. ASEAN Secretariat, Public Affairs Officer Lee Kin Hung, “Global Times” reporter, said: “Every country has wanted to protect strategic industries, other countries interested in joining the negotiations may follow suit, which will break the balance has been achieved in the negotiations.”
25th special session of the General Assembly will be set up in Japan, Japan is expected to raise the rice, beef and other agricultural products out of the five key principles of zero tariffs beyond, and to ask other countries to cancel on Japanese cars and other manufactured goods import tariffs.
ASEAN countries will give priority to negotiating RCEP
Wu Yi Shan said that Japan hopes to TPP in a large slice of regional economic integration, in order to rebuild its position in Asia, with China as an equal. He said, “TPP will be a double-edged sword. Short term, especially SMEs in these countries may not meet the TPP free trade, intellectual property, labor, health and other aspects of strict requirements, lost to foreign competitors, will face survival of the fittest from the long-term perspective, TPP will strengthen national industrial quality, innovative thinking, legal awareness, beneficial to its economic development. ”
For Southeast Asian countries, ASEAN and the six FTA partner country’s ongoing regional Comprehensive Economic Partnership (RCEP) negotiations easier to complete, can bring more benefits. Institute of Peace and Cooperation of Cambodia Chang Wan Na Ruisi executive director of the “Global Times” reporter said that as the RCEP will become the world’s largest trade and investment capital accumulation alliance allies, most Southeast Asian countries will be given priority RCEP negotiations. Chang Wan Na Ruisi for TPP is not optimistic about the results achieved: “Any one without China’s participation in regional economic agreements are unlikely to achieve much expected results.”