Japan’s Abe hails new trade era, hopes China will join pact
TOKYO: Japanese Prime Minister Shinzo Abe hailed a deal to create the world’s largest free trade area Tuesday as the start of a “new century” for Asia, and expressed hope China might one day join the historic accord.
“A huge economic zone will emerge… the TPP will make our lives more prosperous,” Abe said in a televised news conference after a dozen nations reached a deal on the long-awaited Trans-Pacific Partnership (TPP).
“It’s the opening of a new century for the Asia-Pacific region,” he said, adding that the deal would “fundamentally strengthen rule of law in economic activities by establishing a free, fair and open international economic system”.
one more US laid plot to isolate Russian allies…BRICS countries need to act quickly to prepare action plan to counter the same…
Mahendra Kumar Nayak
With China’s present economy going down, it is matter of time when China will join the new Trade agreement.
China is aiming for world dominance, all these things are just chump change…..
China does not wish to join because it want virtual monarchy over the region China is bent upon to kill all Asian nations’ economy by dumping her substandard produce
Not easy for chinese to accept unless it serves them well
Spanning about two-fifths of the global economy, the hard-won agreement — which took five years to negotiate — aims to set the rules for 21st century trade and investment in the Pacific region.
China will never join the pact, and Abraham Lincoln may as well wish upon a shooting star to get his wish come true! Fact of the matter is that China is currently the cheap goods manufacturing capital of the world, and they manipulate every aspect of their own Trade and Commerce. They would never want to join any pact that would require transparency. Also, they would never want to be in a contractual business relationship with Japan, whose Kurile Islands China covets. In a way, the status quo is good for India too, for an alliance with Japan is much more in Indian interests than some kind of trade consortium that involves both China and Japan.