Indonesia proposes ‘ASEAN-Pacific axis’ alternative to TPP and Chinese initiative

One of the many rallies in the United States against TPP. Image: Occupy

By Haeril Halim

Indonesia has proposed the setting up of a new trade bloc that could counterbalance the dominance of the United States and China.

The US dominated the APEC forum in Lima, Peru, last week with its lucrative Trans-Pacific Partnership (TPP), championed by outgoing US President Barack Obama, which comprises 12 of the 21 APEC members, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Tiếp tục đọc “Indonesia proposes ‘ASEAN-Pacific axis’ alternative to TPP and Chinese initiative”

China’s Influence Grows in Ashes of Trans-Pacific Trade Pact

President Obama in Lima, Peru, for the Asia-Pacific trade summit. The trans-Pacific deal was to be among his signature legacies. Credit Pablo Martinez Monsivais/Associated Press

LIMA, Peru — A toxic political war over money, jobs and globalization killed the vast and complex trade deal that was supposed to be a signature legacy of President Obama. But the deal, between the United States and 11 Asian and Pacific nations, was never just about trade.

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