Friday, April 13, 2018

THAT WILL PUT THE CAT AMONG THE PIGEONS

It is reported that President Trump is considering applying for the USA to rejoin the TPPA (or whatever 'they' call it now).   This in reaction to that countries looming trade war with China.

There is no doubt that many of the countries signed up to the TPPA would welcome such a move.   New Zealand might be the exception given the inherent tensions in the COL relating to free trade and especially free trade involving the United States.

Not sure whether the US would be negotiating their re-entry from a position of strength having walked away from the agreement just 18 months ago ... but, then again, the US exercises great economic power and influence.   

Someone might have to retrieve St Jacinda's letter to Trump requesting an exemption from the tariffs imposed on our steel and aluminum exports to the US from that bottom drawer where it has been languishing gathering dust.


6 comments:

Paulus said...

Having worked many years ago with a consortium of major US Financial Service Companies in a tax haven and attended many Board Meetings I am still aware that there is only one rule in US business and that is it is our way or not at all.
No prevaricating on anything.
They will not join the TPPA unless everything is amended to meet their entire requirements.
Cannot see the current eleven agreeing to any major changes of consequence

Noel said...

Paulus agree. Best they be kept at arms length.
https://www.mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-concluded-but-not-in-force/cptpp/tpp-and-cptpp-the-differences-explained/

Anonymous said...

Forget it, next week he will have forgotten he said it or the bloke holding up the white board will have been fired.

Lord Egbut Nobacon

Anonymous said...

Paulus.....you simplify to much. The fact they are good negotiators does not mean the toys come out of the pram when they don't get "their own way". A properly negotiated trade deal will be in every ones interests and if we get screwed it's because our negotiators are either not properly briefed or are crap.

Lord Egbut

David said...

Australia’s US ambassador Joe Hockey had hinted at this likely pressure weeks ago, telling a trade function in Washington that the “architecture” of the now 11-member pact appeared open and transparent, ostensibly allowing others – read US - to simply sign on.

But he flagged complications: “The hard part is, if you were joining a club, it’s very hard to put in your application and try to change the rules at the same time.”

Noel said...

"Trump then told Lighthizer and Kudlow to "take a look at getting us back into that agreement, on our terms of course," Thune said."

Piss off. Those revoked clauses were more beneficial to the US than NZ.