Japan acting in accordance with their American economic free trade masters, have decided through Japan’s PM Shinzo Abe to move quickly to enact the Trans Pacific Agreement (TPP) through Japan’s Parliament. The Americans must be desperate by now as the EU appears to be backing out of TPP. Russia’s leadership as builders of the Eurasian block will probably in the long run put a serious dent in any plans America has for TPP which includes Japan. Japan is in a quandary, having one foot in TPP and one foot in with Russia’s leadership of the Eurasian trading block under BRICS.
The US has been attempting to block Eurasian trade routes by recently claiming “Iran is involved in terrorism by shipping arms to Yemen“, while the US is silent about the UK’s massive arms shipments to Saudi Arabia. The only beneficiaries of TPP are American multinational conglomerates. Notice too that Vietnam is one of the TPP countries and that recently, to display a show of force, the US Navy made a “land mark” port call to Vietnam to extend its TPP influence through the display of military power. That must be part of Joseph Nye’s application of soft power. What happens when Russia and China object to America’s application of “soft power?”
BRICS Leaders to Discuss TPP at Goa Summit
October 11, 2016
The leaders of the BRICS countries will discuss at the upcoming summit in Goa the situation regarding the Trans Pacific Partnership (TPP) free trade agreement, Russian Deputy Foreign Minister Sergei Ryabkov told Sputnik.
MOSCOW (Sputnik) — The eighth BRICS summit will take place in Goa October 15-16.
“The US administration clearly perceives this project as part of heritage of [US President] Barack Obama. We expect further efforts so that the TPP enters into force in the conditions and the framework and the parameters which are convenient and comfortable for Washington, especially against the backdrop of the analogous agreement with the European Union… Now, when the relevance of this issue is increasing, without doubt there would be a very substantive discussion on the issue in Goa,” Ryabkov said.
The TPP agreement seeks to deregulate trade among 12 signatory nations that comprise 40 percent of the world economy. They include the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Critics of the TPP agreement claim it undermines domestic companies, laws, regulations and institutions through an extra-judicial process that stacks the deck in favor of multinational corporations.
The trade deal concluded in October 2015 has yet to be ratified by the signatory countries.