I’ll explain China’s torpedo in Asia versus the United States on trade

I'll explain China's torpedo in Asia versus the United States on trade

Because the Rcep trade agreement between the Asean nations plus China, Japan, South Korea, Australia and New Zealand is relevant. The comment of the analyst Carlo Pelanda

The commercial agreement Rcep, Regional Comprehensive Economic Partnership between the nations of the ASEAN plus China, Japan, South Korea, Australia and New Zealand, which concludes a negotiation started in 2012 and opens another one for the actualization of the measures and extension within 2030, has aroused different evaluations in Western scenography. Simplifying, four:

1) it is an economic nonsense because it brings together all exporting nations in surplus, with the exceptions of Australia and New Zealand, but these are small in relation to the complex;

2) it does not have a geopolitical value as the Pacific nations engaged in containing China will not change their position, even considering that India has wanted (for the moment) to stay out of it;

3) it is a diplomatic masterpiece of China because it has set up a new center of globalization to replace America;

4) even if it will not produce immediate (geo) political effects, it will do so in perspective on a new level of economic warfare because the agreement tends to create an "Asia-Pacific" standard (industrial, environmental, labor, financial transparency, etc.). ) other than the European and US ones, potentially a non-tariff or de facto barrier (costs) for Euro-American products.

The writer believes that the first evaluation is not centered, the second short-sighted, agrees in part with the third and much with the fourth.

Beijing must counter the isolation of both its neighbors and the Euro-American. It affects his mediation between the South Korean and Japan litigators. Evidently it has the objective of a triangular convergence as the driving force of the Asia-Pacific market and then making it the largest in the world with standard setting capabilities.

The strategic novelty is that China is taking a "shared empire" model by attempting a triangular formula that mimics the Franco-German diarchic domination of the European region. A more intense instrumental use of the opening up of its internal market is also.

Japan is unlikely to fully adhere to Beijing's invitation, albeit the first foreign investor in China, both because it has clear advantages in being part of the G7 market (structured by bilateral agreements with the US and the EU) and because it has its own imperial posture, shown by holding up the (CP) Tpp (11 nations) after leaving America.

This limit mitigates the risk of war of the standards with Euro-American damage, but does not eliminate it. What to do while waiting for clarification on the risk? To dominate Asia-Pacific cash flows, as US banks are doing.

Article published on ItaliaOggi

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/vi-spiego-il-siluro-della-cina-in-asia-contro-gli-stati-uniti-sul-commercio-rcep/ on Sun, 22 Nov 2020 06:04:48 +0000.