International trade experts agree that China is cheating on its intention to enter the Comprehensive and Progressive Treaty on Trans-Pacific Partnership (TIPAT).
“If China complies with TIPAT standards and regulations in its domestic legislation, that is, if it implements them, it would be a huge victory for the United States; but that will not happen,” said Juan Antonio Durantes, managing partner of foreign trade advisory firm Dorantes Advisors.
TIPAT comprises 11 economies in the Pacific Basin, which together account for 13% ($11 trillion) of global GDP, 7% (508 million) of the world’s population, and 15% ($3.7 trillion) of global exports.
“It seems to me a kind of evasive, as they say in poker slang, deception, which perhaps has a specific purpose to show a greater commitment to trade and perhaps force some countries, such as Mexico, to define what kind of relationship they want with China.”
The United States had extensive influence in crafting TIPAT (originally called the Trans-Pacific Partnership Agreement, TPP), in which high standards were incorporated in disciplines such as government business, environment, transparency, labor, digital, and intellectual commerce. Property, anti-corruption, energy and competition.
“If you elaborate on these disciplines, you realize that it is not impossible for China to meet these criteria because it would involve structural change in many of the things that it does,” Durantes argued.
On September 16, China requested to join TIPAT, a request also made by the United Kingdom and Taiwan. Durants explained that when the United States negotiated the Trans-Pacific Partnership, it did so with the goal of creating standards so high that it would prevent it in China’s sphere of influence from competing on preferential terms with US products.
“The benchmark is so high that if China really moved there, it would be talking about an economy that won’t compete with the traps that the United States thinks China is using to access markets,” he said.
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