26 Feb Shifting Trade Winds: Asia Society Report
Peter Grey, Executive Committee Member of the AJBCC was one of the authors of a timely Asia Society Report explaining the significance of USA’s withdrawal from the Trans Pacific Partnership agreement. With strong bilateral links, Australia and Japan have indicated their intention to push ahead with the multilateral TPP. [See the impact for Australia below: TPP moves closer]
The withdrawal of the United States from the Trans-Pacific Partnership (TPP) in January 2017 shook the Asia-Pacific region. It prompted governments and stakeholders across the region to reassess their reliance on American economic leadership and the U.S. market. As the United States stepped back from its economic engagement in the region, Asia-Pacific economies took matters into their own hands and are now pressing ahead with negotiating their own trade and investment agreements within the Asia-Pacific region, and with other major economies around the world.