Saturday, November 19, 2016

China sets himself up as a champion of free trade in the face of protectionism to Trump – The World

The chinese president Xi Jinping wants to take advantage of the probable failure of the trans-pacific partnership villipendé by Donald Trump to promote its proposed competitor, the RCEP.

chinese president Xi Jinping at the APEC summit in Lima, November 19, 2016.

president Xi Jinping called on Saturday in Lima, the leaders of the Asia-Pacific area to support the regional agreement of free trade RCEP proposed by China to fill the void left by the likely abandonment of the agreement trans-pacific by the United States of Donald Trump.

” The construction of a free trade area of the Asia-Pacific is a strategic initiative that is vital to the long-term prosperity of the region, said the chinese leader at the annual summit of the Organization of Asia-Pacific economic cooperation (Apec). in We will not close the door to the outside world but the open even more widely.”

Xi Jinping responded indirectly to president-elect american Donald Trump, who promised a turn of the screw protectionist supposed to be protecting american jobs against the competition of chinese or mexican low-cost. The new president has in particular campaigned against the trans-pacific Partnership (TPP), signed in 2015 between 12 countries of the region, under the leadership of president Barack Obama, who saw it as a means of countering the rising power of China. Its ratification is now highly unlikely.

A chance for the draft RCEP ?

The chinese president was engulfed in the breach defending Lima the RCEP, draft agreement of free trade competitor of the TPPA, which was negotiated in 2012 between Asean (the Association of nations of south-east asia), Australia, China and India in particular, but without the United States. The RCEP is presented by Beijing as a major step in the construction of the free trade area of the Asia-Pacific (FTAAP), which would bring together the member countries of Apec and the conclusion of which is expected to take years, if ever she should see the light of day.

” We will fully invest ourselves in the economic globalization by supporting the multilateral trading system, advancing the FTAAP, working at the rapid conclusion of the negotiations on the RCEP “, said the president Xi Jinping.

The 21 Apec economies represent 60% of world trade and 40 % of its population. They have largely benefited from globalization and intend to deepen their exchanges, with or without the United States.


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