Japanese Prime Minister Shinzo Abe expressed his point of view regarding the United States leaving the Trans-Pacific Partnership. The Prime Minister was quick to react to the news that the United States is going to quit the TPP. The President-elect of the United States, Donald Trump just put out a message outlining his priorities in office. Among the steps he plans to take on his first day in office is taking the United States out of the Trans-Pacific Partnership. Donald Trump had spoken out against the trade deal during the presidential campaign. But now it looks like the United States dropping out of the TPP will become a reality.
TPP “Meaningless” without the United States
One of the actions that the future Trump administration is going to take will be to leave the Trans-Pacific Partnership. But international reaction to the news has already appeared. Since the United States was one of the major countries to agree to the trade deal. The Prime Minister of Japan said that the TPP without the participation of the United States would be “meaningless”.
Shinzo Abe spoke after a meeting of Asia-Pacific leaders that took place in Peru. At the meeting, one of the main topics that everyone was talking about was the future of the Trans-Pacific Partnership. There were voices who advocated modifying the trade agreement so that the new US president Donald Trump would be willing to sign on. Others were proposing that the rest of the countries try to go ahead with the trade deal without the United States. The Japanese Prime Minister said that there would be little point in trying to implement the TPP trade deal without the United States.
“TPP is meaningless without the United States,”
said Japanese Prime Minister Shinzo Abe.
A different form of the trade deal could make room for United States concerns. Also, it would allow the new US President to express his views. But Shinzo Abe seemed certain that the Trans-Pacific Partnership could not be renegotiated. That would alter the trade deal itself.
“This would disturb the fundamental balance of benefits,”
added Japanese Prime Minister Shinzo Abe.
Donald Trump Strongly against TPP
The other countries that had signed on to the TPP were looking forward to a multi-nation pact that would open up trade and economic opportunity for the future. The trade deal benefited from strong support from the Obama White House, even though it faced opposition in Congress.
However, President-elect Donald Trump was clear about withdrawing from the free trade agreement. The next president of the United States sees the future of trade deals for the country in a different way than his predecessor, Barack Obama. Where the Obama administration favored large-scale, international agreements, the course set by Donald Trump appears to have more one-on-one talks between nations.
“I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country. Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores,”
said President-elect Donald Trump.
Image source: here.