The TPP and its Impact on Asian Markets - Preview

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The United States backed Trans-Pacific Partnership
Agreement (TPP) includes six Asian economies -
Australia, Brunei, Japan, Malaysia, Singapore and
Vietnam, while Indonesia
ha s exp re s s ed a k een
willingness to join. However,
the agreement’s potential
impact will affect many
others, not least of all China.
Currently, the weakness
of the TPP is that it only
contains one major market
- that of the United States.
While that is a significant
attraction for some industries
across Asia, the omission
of large emerging consumer markets such as
China and India from TPP discussions thus far
have made it a controversial project. Some
critics take the view that the TPP agreement is
intended to create regional competition for cheap
Chinese exports that dominate the U.S. economy.
Others see it as a welcome
counterbalance to China’s
massive manufac turing
industries.
In this issue of Asia Briefing
magazine, we examine
where the TPP agreement
stands right now, look at
the potential impact of the
participating nations, as well
as examine how it will affect
Asian economies that have
not been included.
I trust you will find this Briefing of use.
Introduction
This Month’s Cover Art
The Setting Sun 夕阳
Oil on Canvas, 90 x 150 cm
Wan Fung Art Gallery
| +852 2736 9623
Reference
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