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Showing posts with the label CPTPP

Asia and Europe Weigh the Unintended Consequences of American Decline

Internationalism No. 73, March 2025 Page 4 “By punishing his longtime allies with tariffs, Donald Trump is encouraging other nations to form trading blocs and networks that exclude the United States”. Whilst the New York Times treats the issue polemically, it constitutes an important strand of reflection in European and Asian assessments. The duties are a “declaration of economic war”, according to Le Monde. A rapid, temporary negotiating truce followed, with tariffs suspended in exchange for tactical concessions from Canada and Mexico. Whilst the “bluff” may have yielded some transitory results, a “permanent instability” is settling at the heart of American affairs. Unpredictability as a weapon is the strategy with which the new presidency intends to tackle, and perhaps even temporarily reverse, American decline. This, though, comes at the cost of compromising the United States” credibility as the guarantor of the old order and the network of alliances which...

China on the Doorstep of the TPP

Internationalism No. 33, November 2021 Page 7 The signing of the Regional Comprehensive Economic Partnership ( RCEP ), a major Asian trade agreement, in November 2020, was remarkable because India decided not to take part in it while Japan was determined to strike a deal with China, despite the difficult political transition underway in Washington. Some questions arose at that time. Would the EU show as much autonomy from the United States on the Euro-Chinese economic negotiation front? Would India eventually join the RCEP ? Would the United States return to the competing transpacific project? Would China also seek to join also the Trans-Pacific Partnership ( TPP )? TPP ’s variable geometry In December 2020 came the first reaction from the European Union, which signed the EU-China Comprehensive Agreement on Investments ( CAI ), ignoring a request from Joe Biden’s new presidency to stall the proceedings. On September 16 th , 2021 the question regarding China w...

Tokyo’s Balancing Act over Rearmament for a Stormy Fifteen Years

Internationalism No. 33, November 2021 Page 4 The taifu shizun , Japan’s typhoon season, last from May to October and is especially intense between August and September. Straits Times , a prestigious Singaporean newspaper, recently used the metaphor, invoking the rumbling of thunder and lightning bolts in relation to the announcement of the AUKUS deal (Washington’s strategic relaunch in the Indo-Pacific), and the immediate Chinese economic response, with China applying to join the CPTPP , the equivalent trading bloc to the RCEP in the Pacific. A hot autumn in the Indo-Pacific Other events have contributed to upsetting the Asian waters: the American withdrawal from Kabul, which has raised doubts about American credibility among its allies and Asian partners; a succession of North Korean ballistic tests, with the novelty of a Pyongyang cruise missile being deployed; the test conducted by Seoul of a ballistic missile aboard a conve...