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THE TTALK QUOTES
On Global Trade & Investment
Published Three Times a Week By
The Global Business Dialogue, Inc.
Washington, DC Tel: 202-463-5074
Email: Comments@gbdinc.org
No. 29 of 2016
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THURSDAY, MAY 19, 2016
Filed from Washington, DC
Click here for last Friday's quote from President Obama.
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TPP AND THE JUDGMENT OF OTHERS
"If the U.S. abandons TPP, our Asian allies and partners will perceive America as yielding to China, and they will accommodate accordingly."
Robert B. Zoellick
April 16, 2016
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CONTEXT & COMMENT
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On Monday The Wall Street Journal ran an article by former USTR and former World Bank president Robert Zoellick on U.S. trade with Asia. The title was "Trade is a National Security Imperative," and the opening sentence read:
"In an uncertain world, America's future security depends on both upgrading military capabilities and expanding economic opportunities."
The article included a brief overview of U.S. involvement in Asia from the writing of the Federalist Papers to the present as well as a precis of the evolving security arrangements in the region. It is short, and you will want to read the full statement for yourself. For us, the most arresting, indeed the most important sentence in the piece is the one highlighted as today's featured quote. It is a reminder that leading eleven other countries in major trade negotiation - TPP - isn't window shopping. There are consequences to walking away. Here is the full paragraph with today's quote:
"The TPP supplies the economic foundation for this new Asia-Pacific security network. In this region, economics, trade and investment are the coins of he diplomatic real. TPP recognizes both America's concrete economic interests in Asia and demonstrates U.S. steadfastness. If the U.S. abandons TPP, our Asian allies and partners will perceive America as yielding to China, and they will accommodate accordingly."
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RELATED EVENT
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Tomorrow, May 20, the Global Business Dialogue will host a half-day conference on the topic:
Trade and Trade Agreements in Asia and the Pacific.
Clicking the title link will take you to the flyer for this event, which includes a full list of speakers as well as registration options.
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SOURCES & LINKS
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On Trade and Security is a link to the Robert Zoellick article in Monday's Wall Street Journal, which was the source for today's quote.
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© 2016 The Global Business Dialogue, Inc.
1140 Connecticut Ave., NW, Suite 950
Washington, DC 20036
Tel: (202) 463-5074
R. K. Morris, Editor
www.gbdinc.org
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