Subscribe free to our newsletters via your
. Military Space News .




TRADE WARS
U.S. focus pulls in Pacific nations for wider trade links
by Staff Writers
Santiago, Chile (UPI) Jun 13, 2013


disclaimer: image is for illustration purposes only

Latin America's Pacific littoral states -- Chile, Colombia and Peru -- will likely be key to cementing U.S. President Barack Obama's Trans Pacific Partnership, analysts say.

But Obama's TPP plans have drawn controversy from within the Democratic Party, intellectual property advocacy groups and other campaigns. Main criticism is aimed at perceived lack of transparency in the ongoing negotiations, most of them behind closed doors. U.S. Sen. Elizabeth Warren, D.-Mass., Thursday called for greater transparency in the talks.

No such challenges confront the TPP effort in Latin America as the U.S. administration moves toward greater engagement with a region seen to have been neglected during long engagement with Afghanistan and Iraq.

Both the president and Vice President Joe Biden have visited Central and South America to build support for the proposed partnership. Americas Quarterly called it "the hottest topic in world trade these days."

Peruvian President Ollanta Humala met with Obama and Biden in Washington, shortly after Chilean President Sebastian Pinera paid the White House a visit aimed at reviving contacts between the two countries.

Chile, Peru and Colombia are backing U.S.-led efforts for greater economic, political and trade integration in a region that stretches from South America's Pacific coast to Southeast Asia, Australian and New Zealand.

Current talks center on including TPP members Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. U.S. officials say they hope to conclude the pact before October's Asia Pacific Economic Cooperation summit convenes in Indonesia.

At the talks with Humala, Obama praised Peru as "one of our strongest and most reliable partners in the hemisphere."

Obama cited "a strong commercial and trading relationship" between the countries that includes cooperation on "a wide range of security issues, including our counter-narcotics efforts."

TPP membership as it stands in current talks is expected to rope in major players commanding about 40 percent of the global economy. Japan is the leading East Asia contender but China isn't one and South Korea remains cool to the idea.

In Latin America, too, Brazil is out of the loop while it builds its own trade networks with China, Africa, Europe and the Middle East. Brazil continues to bring Cuba into Latin American limelight and wants U.S. embargo on Havana, the longest in history, to end.

Analysts say the U.S.-led TPP effort also reflects on the future direction of the Pacific Alliance, the 1-year-old bloc that's seen as a counterweight to Mercosur. The alliance includes Chile, Colombia, Costa Rica, Mexico and Peru but also has associates from a wide political spectrum. Like TPP the Pacific Alliance leans toward Asia and in some circumstances is seen to be bypassing Mercosur's multilateral EU links by including France, Portugal and Spain among associate members.

Critics say the U.S. sponsorship of TPP may lead to dismantling of many existing bilateral and multilateral trade agreements but may benefit U.S. corporations. Unless handled correctly, "TPP will not only fail to live up to its potential; it could even sow political and economic discord," Americas Quarterly said.

Obama demonstrated renewed U.S. focus on building Western Hemisphere links with recent visits to Costa Rica and Mexico where he met regional leaders. Biden toured Brazil, Colombia and Trinidad and Tobago.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
EU takes China to WTO over steel anti-dumping duties
Brussels (AFP) June 13, 2013
The European Union challenged China, one of its biggest trade partners, at the World Trade Organization on Thursday over tariffs on imports of stainless steel pipes, in the latest of a series of disputes that has sparked fears of a trade war breaking out. The EU "today requested consultations with China" at the WTO, it said, charging that its anti-dumping duties were "incompatible with WTO l ... read more


TRADE WARS
Israel fast-tracks Arrow 3 over Iran nuclear fears

US Missile Shield Threatens Balance in Asia-Pacific Region

US to send Patriot missiles, F-16s to Jordan for drill

Russia developing counter-measures for European anti-missile shield

TRADE WARS
PAC-3 MSE Missile Flight Tested At White Sands

Putin holds back on Syria missile delivery

Taiwan deploys new powerful rocket system: report

Lockheed Martin Completes Anti Ship Missile Tests

TRADE WARS
US drone kills 7, first since Pakistan PM Sharif sworn in

Pakistan families of victims demand halt to US drone strikes

End drone strikes, new Pakistan PM tells US

Incoming Pakistan PM Sharif condemns drone attack

TRADE WARS
Northrop Grumman Delivers Second Hosted Payload for Enhanced Polar System

Lockheed Martin Supports Realtime Battlespace View For USAF Aerial War Games

Mutualink Platform to be Deployed by US DoD during JUICE 2013

General Dynamics to Deliver U.S. Army's Newest Tactical Ground Station Intelligence System

TRADE WARS
Cyprus assesses security, safety threats of submerged ammo dumps

Northrop Grumman Begins Sampling New Gallium Nitride Packaged Power Amplifier

Lockheed Martin Delivers Modernized Laser Range Finder For Apache Helicopter

Chile to buy surplus U.S. armored amphibious vehicles

TRADE WARS
Merkel ally resists fresh pressure to resign

Pressures grow on global defense spending: report

India promises to clean up military corruption

Thales delivers final Hawkei test vehicles

TRADE WARS
Outside View: The third Russian Revolution

Japan, US stage joint island retaking drill

Obama, Xi forge rapport in debut summit

Outside View: Trapped in the cul de sac of no good choices

TRADE WARS
Carbon nanotubes for molecular magnetic resonances

New microfluidic method expands toolbox for nanoparticle manipulation

Stretchable, transparent graphene-metal nanowire electrode

Shape-shifting nanoparticles flip from sphere to net in response to tumor signal




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement