Commentary: US paid dearly for absence in Pacific trade deal

December 21, 2020 Channel News Asia 0 Comments

The opportunity costs in terms of incomes and jobs make joining the Comprehensive Partnership for Trans-Pacific Partnership a top priority for the US when Joe Biden takes over, say Carlos Kuriyama and Dr Cai Daolu. When Donald Trump’s administration withdrew the United States from the Trans-Pacific Partnership (TPP) in 2017, giving teeth to the new “America First” policy, observers sat up. Under former President Barack Obama, the US had sought to pursue deeper regional integration in the Asia-Pacific through greater investments, business links and more, enabled through this ambitious free trade agreement.Read More.

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