Taiwan is the Switzerland of Asia now.
Is Taiwan going to be the world leader in automation technology?
Because the article asks if you’re a robot.
Sounds like a “Co-prosperity Sphere” led by a Chinese emperor instead of a Japanese one. That may not be fair. It seems to have been ASEAN led and they already had free trade agreements with other countries already.
I’m all for trading blocs, though, so this is interesting
Use this link (OysterOmelet forgot to trim his UUID from the URL) : Asia Pacific Nations Sign Biggest Regional Trade Deal - Bloomberg
Many countries are opposed to India making generic medicines for poor countries. The opposition to generics in the RCEP is led by South Korea and Japan; the EU and US have also fiercely opposed Indian manufacture of generics in order to protect the profits of their own pharmaceutical industries.
Already? Last night I was writing a mail to my brother in America as part of my attempt to get him to realize not everything Trump does is wonderful and spectacular (he is totally depressed that Biden is going to lead the U.S. into socialism). One area I discussed was the Trans Pacific Partnership. Of course, Trump labeled that agreement as the “worst trade agreement ever!” I warned my brother that if China got alot of countries on board with this RCEP then the U.S. is in big trouble…from my point-of-view. Countries are tired of America always playing the victim…as if America is getting screwed in every agreement with another country. Well, now let them face the reality of many countries hitching their wagon to another horse. We have to face the situation that even some large crumbs from China’s table is enough to prop up some economies…while trying to figure out what America will really to as a “partner” is just too damn hard.
I can’t see this Asia-Pacific trade pact as nothing more than a paper-tiger.
Too many different parties in it. Too little concrete evidence of real improvement. Again, this deal will fail or fly depending on China. And again, this FTA will be a failure.
And with Trump.gone now too. Too bad for Taiwan!
Tell me again why Biden is better for China? What a joke. Trump leaving the TPP opened the door for this.
But there’s still hope. Biden will rejoin and other countries night be convinced to leave the RCEP.
Some day Taiwan might get in.
Here’s a look at the counties involved. India has left the RCEP
Does that mean I could import goods from China to Japan to Mexico to the US without duties?
No. Is that a serious question?
All trade deals have county of origin rules to prevent this.
This is what happens when the US elects morons who have no long term vision for foreign policy. It was pretty clear once OrangeMan got out of the TPP for no real reason other than all trade agreements are bad, that China would use the RCEP to dominate Asian trade for the rest of this century. And Biden probably can’t even get back in the TPP because of domestic pressures. It’s just hilarious that the US used to lecture China about free trade and now it’s China destroying the US in an international system it created. The US is truly a self destructive moronic nation.
The fear-mongering is strong on this one.
I think of Taiwan as the Israel of Asia.
The Economist seems a bit meh about it --> https://www.economist.com/finance-and-economics/2020/11/15/the-meaning-of-rcep-the-worlds-biggest-trade-agreement
Taiwan needs an FTA with the US first. Without the US, no one else has the guts.
Ha. I got the Kiwi hedge in there just in case it goes tits up here.
Pollyanish title
Chen Bao-lang (陳寶郎), chairman of Formosa Petrochemical Corp., said the RCEP will wipe out the competitiveness of Taiwan’s petrochemical products in the ASEAN markets, because its two main competitors in that sector, South Korea and Japan, will gain tariff reductions.
Jimmy Chu (朱志洋), chairman of Fair Friend Enterprise Group, one of the largest machine tool makers in Taiwan, also expressed worry about lower tariffs under the RCEP.
If South Korea, Taiwan’s major competitor in the field, gains a tariff reduction of 3-5 percent, Taiwanese machine tool companies would be able to manage, but they would suffer a serious blow if the reduction is 10 percent under the RCEP, he warned.