largest in the world when you combine all 10 In a great position o Next to China – soon to be biggest economy o Close to Japan Known for natural resource, manufacturing,
o Becoming a workshop for China In a really awesome position o Stellar prospects Associate members ASEAN +3 o China #2 o Japan#3 o South Korea#12 o India o Australia o New Zealand Future of Asia o Could have 60-70% of humans alive in one bloc o Incentive for stability Asia wide o Not simply a trade block Foundation of which promotes stability EU hasn’t gone to war in so long because of the formation of the union ASEAN could do this. TTP – Trans-Pacific Partnership Proposed and negotiated by 12 states that border Pacific Ocean Countries o Australia o Brunei o Canada o Chile o Japan o Malaysia o Mexico o New Zealand o Peru o Singapore o Unites States o Vietnam Economic Trade Bloc o Looks and smells like a political tool Hotly contested Moving forward at a very fast rate Why the rush? o “The TPP intends to enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs”
Free Trade Block o Reduce or eliminate all tariffs for all member states o Gonna be tricky o Spans many different world regions and continents First of its kind Probably going to cause some problems Agreeing to the same trade rules will be tough o Tangible comities and goods as well as services Trading, investment, financial services Common law on all intellectual property Trademarks Copyrights Patents Investments o Desire to facilitate development of production and supply chains Not too many blocks do this Help and study where to get the commodity and move it for development If it comes to pass o Could replace APEC Most of the same member states TPP would do a lot more than APEC On the launching pad and Obama is trying to move it along Started with the Pacific P-4 o Brunei o Chile o Singapore o New Zealand Jan 2008 the USA agreed to enter into talks with the 4 countries o Trade liberalization in financial service sector o Sept 2008 USA said they wanted to join o November 2008 Australia Peru Vietnam wanted to join o Oct 20110 Malaysia o June 2012 Mexico Canada o July 2013 japan Not in any trade blocs with anyone o November 2013 South Korea Super-fast growth o Why? Pacific Rim Economic Activity or is it? Is it just an economic deal? o Most of these countries have been in recession o Meeting /making new friends o TPP will make people money
o Pacific becoming enter of world economic action Who’s not invited o China Might be invited / interested but not official Intentional / politically motivated Foreign policy moves o Check/ counter growth of China o Russia All the obvious reasons Regain some authority in Latin America o Taking from MERCASOUR??