Trans Pacific Partnership (2)

On August 1, 2015, I wrote about the Trans Pacific Partnership (TPP), which failed to reach an agreement then. Now in the news, the U.S., Canada, in total 12 countries, have signed the Trans Pacific Partnership (TPP) deal.

As I said before, and now again, this is not just about business, trade and economics, but also politics. If not for politics and counter-balancing the growing might of China, it just doesn't make sense that China being the biggest country in Asia Pacific was left out in the TPP deal. However, there may be a TPP2 coming, that China may eventually join later. 

Uncle Sam just doesn't want China to set the rules in international business, trading and economic games, especially with the Asia Pacific countries. The creation of the Asia Infrastructure Investment Bank (AIIB) was China's win. The TPP deal is the U.S.' win. China's rise is a certainty, but the US decline is not, so the game goes on. 

In any economic policy or trade deal, there will be winners and losers. Instead of arguing too much about whether the TPP is a good deal or not for your country, please focus more on your own situation and see if it is something good or bad for you, and make all the necessary adaptations and adjustments to face the new reality. Take care.