America’s Threat to Trans-Pacific Trade
The new Trans-Pacific Partnership between the US and nine Asian countries is being sold as evidence of American leadership on trade. But what it really means is that the US intends to do in Asia what it did in South America – essentially, divide the region into rival blocs.
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MUMBAI – As if undermining the World Trade Organization’s Doha Round of global free-trade talks was not bad enough (the last ministerial meeting in Geneva produced barely a squeak), the United States has compounded its folly by actively promoting the Trans-Pacific Partnership (TPP). President Barack Obama announced this with nine Asian countries during his recent trip to the region.