Wednesday, July 17, 2013

Trans-Pacific Partnership

The importance of TPP cannot be overstated.  It is one of the few areas where the Obama regime has shown some genuine strategic thinking.  The significance of signing a free trade agreement with the 3rd largest economy in the world is already substantial in and of itself.  But the strategic gains may actually dwarf gains in economic efficiency.  Japan is engaging in more active diplomacy to defend itself against an increasingly aggressive China.  TPP may overshadow the Regional Comprehensive Economic Partnership pushed by China.  It may be the economic component of an overall strategic plan to isolate China.  Ideally, the US should also push for South Korea, Indonesia, Philippines, and Colombia to join.

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