It is easy to perceive why China is highly apprehensive at the thought of Japan joining the Trans-Pacific Partnership (TPP). This move fits into a complex pattern that has fed China's paranoia about being encircled.
The New Zealand Government is consulting on a sixteen-nation free trade agreement between New Zealand, Australia, the ten ASEAN states, China, India, Korea and Japan (RCEP)
Members of the Association of Southeast Asian Nations (ASEAN) together with the group’s six major trading partners are slated to begin in May the first round of negotiations to form the world’s largest economic bloc by 2015.
Thailand has recently stepped up its efforts on opening its market by joining various Free Trade Agreement negotiations such as the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership. What would these FTAs mean for Thailand?
Trade between China and the Association of Southeast Asian Nations reached a record high of $400.9 billion in 2012 and the biggest progress in trade facilitation was a consensus on the launch of the Regional Comprehensive Economic Partnership.
How the Thai government navigates the contest between the United States and China in the economic sphere will be a litmus test of Thailand's diplomatic and political skills.
Australian politicians are keen to project our participation in two major international trade talks – the Regional Comprehensive Economic Partnership (RCEP), and the Trans-Pacific Partnership (TPP) – as unproblematic.