What Is The Value Of The TPP Basic Agreement To China'S Economy?

The TPP basic agreement has shown the characteristics of building new trade barriers in the name of highly liberalized, and the possibility of revising and leading the global trade rules to TPP. China needs to be alert enough.

Local time on September 5th, across the Pacific.

Agreement (TPP) 12 negotiators reached the basic agreement at the Ministerial Conference held in Atlanta, United States, agreed to free trade, and unified norms in areas such as investment, intellectual property and labor treatment.

This shows that a huge economic circle based on the new trade rules and scale of 40% will soon take shape.

Since the start of the TPP negotiations, it has received great attention in China.

Some people think that TPP is the "Asia Pacific rebalancing" in the economic field of the United States, and others believe that TPP aims to build an Asian version of economic NATO.

What does TPP basically mean for China's economy?

TPP reached a basic agreement and will not have immediate effect on global or regional trade patterns.

On the one hand, the agreement also needs to be submitted to the state organ for deliberation.

As the TPP protocol will touch the industrial interests of the participating countries, in this link, the basic TPP agreement will face a complex program game.

In fact, after the signing of the TPP basic agreement, the opposition soon came.

Trump, the US Republican presidential candidate, thinks that this is a "bad agreement", while Japan has the argument that "TPP is equal to subjugation".

On the other hand, even after the hard game came into effect, zero tariff is a long process.

The US has imposed a zero tariff pition period on Japanese cars and parts for 25 years. It can be predicted that the pition period of the participating countries with less competitive power will not be short for their key industries.

Although the specific content of the TPP basic agreement has not yet been made public, it has shown a high degree.

The characteristics of building new trade barriers in name.

China accelerates bilateral and multilateral free trade agreement negotiations, promotes Sino US investment agreement negotiations, and optimizes economic space and trade pattern with "one belt and one road". It is an effective strategy to hedge TPP impact.

In addition, TPP shows the strategic significance of China's accelerated reform process.

For China, this means that the trade with the TPP economic circle will not be greatly affected for a long time.

In fact, since joining the WTO, China has undertaken the production and supply of the global low value chain industry.

This is the role that an economy with a full industrial system, large and skilled labor resources and perfect infrastructure can play.

TPP will not see the prospect of "blockade of China's trade". On the contrary, it is difficult to form a closed loop economic circle without China's participation in TPP.

However, for

We need to be vigilant to modify and dominate the possibility of Global trade rules.

The biggest feature of the TPP agreement is the establishment of a value standard in many links of commodity trade and service trade, and it has been traced back to the production process.

For example, the TPP implements more stringent rules of origin than the existing FTA. The zero tariff products from raw materials to processing must be within the scope of TPP countries, which will have a great impact on China's raw material export and the foundry industry.

For example, TPP calls for the implementation of the developed countries' standards similar to that of the United States in terms of labor treatment and environmental protection, which is of course the pursuit of industrial pformation. But in reality, it will undoubtedly impact on the labor-intensive industries and weaken the competitiveness of the latecomer countries.