Expansion Of Pan Pacific Trade Agreement Will Counterbalance China'S Economic Impact

It is reported that the United States supports

The p Pacific Partnership Agreement (TPP) aims to link the economies of the Pacific region to form a free trade area.

Malaysia announced this week that it had joined the early negotiations on the p Pacific Partnership Agreement.

In addition, Japan and Philippines have recently expressed interest in joining the negotiations.

But expanding the scope of the p Pacific Partnership Agreement will take years of negotiations.

Considering that the US Congress approves the difficulty of free trade agreement, achieving this goal will be faced with many obstacles.

But the progress of negotiations provided symbolic support for the Obama administration.

The Obama administration is working hard to take part in Asian Affairs and publicize its interests in the increasingly influential Asian region of China.

If the p Pacific Partnership Agreement is seen as a way of countering China's growing influence, the agreement will be easier to obtain in the United States.

When China's self-confidence in economic and military affairs increased gradually, America's participation in Asian affairs provided similar attractions for Asian countries.

Karan, Centennial Asia Advisors of Singapore strategy consulting firms, said: "small Asian countries need the United States to continue to take part in Asian Affairs and help to counterbalance China's influence.

A harmonious and restricted China is more likely to play a positive role. "

At present, China has become the first largest country in Asia.

The p Pacific Partnership Agreement has been seen as a low-key move and has limited economic impact on the United States.

The agreement has four core members: New Zealand, Singapore, Chile and Brunei.

The United States has signed free trade agreements with Singapore, Chile, Australia and Peru.

These are part of the expanded negotiations on the p Pacific Partnership Agreement.

Vietnam has also joined negotiations on a free trade agreement.

Negotiators met in Brunei this week to discuss the preliminary framework and basic principles of free trade negotiations.

Similar to Vietnam is Malaysia.

Philippines's deputy head of international trade has recently said that it hopes to join the "p Pacific Partnership Agreement" negotiations.

In addition, Japan has expressed interest in joining the talks in recent weeks.

In Asia, the impression is that any agreement will require changes in the political climate in Washington.

Former ASEAN Secretary General Ruodolfo Severino said: "the US parliament has not yet ratified trade agreements with South Korea.

Under such circumstances, how can the United States enter into a free trade area involving different countries?