"Penn Law professor Jacques DeLisle, who is also director of Penn’s Center for East Asian Studies, agrees that reactions to the TPP are, in effect, a Rorschach test on attitudes regarding trade. DeLisle adds that the argument in favor of the TPP is based in part on the classical theory of free trade, which holds that removing barriers to free trade is a good thing. However, he adds, “there is [also] a measure of Realpolitik” in the TPP — “a geopolitical argument that is fairly confrontational.” This notion is that the success or failure of the TPP will “go a long way toward determining who writes the fundamental rules of the global economy in the coming decades — the United States or China Twitter .”
Another major argument in favor of the TPP is that it would be the first free-trade pact between the United States and Japan — the world’s third-largest economy, measured by nominal GDP, despite the ascension of China in recent decades. “While the economic argument behind the TPP is central, it is also about strengthening ties between the U.S. and Japan, which has never been involved in a free-trade agreement with the United States,” DeLisle notes. “It is a sucker’s bet for the United States to underwrite the costs of security” in the Asia-Pacific region “while many of the economic gains in the region go to China.” That could well become the case if the TPP fails, and China gets to write the trade rules of the future."
"In such a case, notes DeLisle, there could be a “tug of war for who will be at the center of gravity” — the TPP versus the Regional Comprehensive Economic Partnership (RCEP), a proposed free trade agreement between the ten members of the Association of Southeast Asian Nations (ASEAN), and the six nations that have existing free trade agreements with ASEAN — China, India, Japan, Australia, South Korea and New Zealand. Negotiations for RCEP were formally launched in 2012.
Beyond strengthening U.S. ties with Japan, the TPP also promises to bring stronger and closer ties between the U.S. and its other friends in the region, such as Australia, New Zealand and Singapore. DeLisle notes that these countries are more likely to believe that the U.S. won’t disappear from the region — in terms of playing a role in regional security — if the U.S. shows itself to be fully committed to strengthening its economic ties in the region, via the TPP. DeLisle says that there has been some skepticism in the Asia-Pacific region regarding the U.S. government’s talk about “re-pivoting” toward Asia, and some understanding that the U.S. is “resource-constrained” because of costly wars in Iraq and Afghanistan."
The rest at , which is long article http://knowledge.wharton.upenn.edu/article/why-the-trans-pacific-partnership-is-a-battle-to-re-write-global-economic-rules/
yea I know Wharton , thought was good read though ....... I am not for or against TPP ,I am more for what is best for country in the long term
= new reply since forum marked as read
