The Trump’s Administration Trans-Regional Project and the Competition for Economic Integration in the Pacific
DOI:
https://doi.org/10.32870/mycp.v10i30.748Keywords:
commercial competition, trade agreements, commercial liberalization, competitive advantages, economic integrationAbstract
The text proposes a particular reading of the Asia Pacific-North America-Europe integration project (designed and partially implemented by Donald Trump’s trade advisers) and the conditions under which it faces the political competition of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP, headed by the Japanese government) and the Regional Economic Comprehensive Partnership (RCEP, led by the Chinese government). In this context, the article highlights the scope of each of these trade regulation initiatives, and, using Japan’s example shows how each government is willing to make trade concessions to its counterparties, depending on each partner and each trade agreement. The work proposes that advisers to the Trump administration set a turn by abandoning capital formation, to embrace the consumption of families and government as the main comparative advantage of the US economy. In this new situation, access to the US and/or to the North American markets, underprivileged conditions, costs to accept and comply with the regulations of bilateral agreements and/or the United States-Canada-Mexico Agreement (USMCA). The author concludes that Asian and North American partners of the US government should review trade relations between them to close the circle of bilateral agreements and benefit from the US initiative.Downloads
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