Posted on 10/07/2015 10:19:00 AM PDT by Theoria
Vietnam and Malaysia growth depends heavily on external trade
Even before the ink is dry on the Trans-Pacific Partnership trade deal, companies are laying out plans to expand in Vietnam and Malaysia, both rapidly developing Asian nations whose growth depends heavily on external trade.
Manufacturers of apparel, rubber gloves and bikes are among those considering increasing production in the Southeast Asian countries to capitalize on export growth expected from the accord, which sweeps away tariffs to markets including the U.S., the world’s biggest economy.
The mammoth trade agreement is seen as a game-changer for these national economies, according to an analysis by Washington, D.C.-based think tank Peterson Institute for International Economics. By 2025, membership of the TPP could boost exports from Vietnam by an additional 29% and from Malaysia by almost 12%, the institute predicts.
The final agreement looks likely to be “the best trade liberalization we’ve seen in 20 years,” said Deborah Elms, co-founder and executive director of the Asian Trade Centre. “I expect there to be quite a stampede” of foreign investment in Southeast Asia when the final text of the agreement is published, she said.
Although the TPP currently has 12 members, encompassing 40% of the world’s economic output, the smaller members are likely to be standout performers.
Malaysia and Vietnam, for example, currently have no free-trade agreement with the U.S., a voracious consumer of both raw materials and manufactured products. Currently, exporters from these economies to the U.S. must pay taxes on every product that arrives on U.S. soil.
(Excerpt) Read more at wsj.com ...
A SECRET treaty passed by the GOP(*) who abrogated
their Oaths and the US Constitution.
(*) lying EXEMPT and treasonously complicit scum
Not good for this country. Very bad for the people.
Our country will not survive TPP.
I guess it’s going to take 75% of our workers idle before anyone notices.
>> The mammoth trade agreement is seen as a game-changer for these national economies,
Oh, it’ll be a game changer for US, too.
And not eeveryone who participates in a game wins.
Now you’ll be able to buy Real and Counterfeit products from the same company
That would put them in competition with Trumpie, who is already there.
Trump will likely be the only candidate to oppose this.
Which should seal the deal for him.
So how many apparel, rubber glove, and bicycle manufacturers do we have in this country? What the TPP will do is allow the U.S. to replace cheap goods imported from China and India with even cheaper goods from Vietnam and Malaysia. The industries we're importing the goods from were already destroyed in this country decades ago.
He’ll oppose it to keep away the competition from his Bangladesh business.
Here comes that giant sucking sound again. :-)
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