US faces hard battle to secure Asia pact

asean

The difficulties facing the United States in marketing TPP (Trans-Pacific Partnership) free trade agreement model and the intense competition between the world’s two largest economies to gather greater market share in the Asian region.

The RCEP (Regional Comprehensive Economic Partnership) is an Association of Southeast Asian Nations (ASEAN) trade agreement connecting the economies of 16 Asia-Pacific countries, with nonexistence of the United States.

They comprise all 10 ASEAN nations – Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam – and six other countries with which the group has free-trade agreements – China, India, Japan, South Korea, Australia, and New Zealand.

The TPP, on the other hand, consists of an initial group of 11 negotiating countries led by the United States but excluding China. Others included are Brunei, Chile, Singapore, and New Zealand, Australia, Peru, Vietnam, Malaysia, Mexico, and Canada.

There is an overlap in participation, with six of the 16 RCEP members also involved in the TPP. Three other RCEP participants – Indonesia, Philippines, and Thailand – have also expressed initial interest in participating in the TPP.

RCEP members expected to launch negotiations this year, the United States wants to launch of the TPP in October.

The 16th round of negotiations for the Pacific pact will be held in Singapore next month and three negotiating rounds are scheduled this year prior to the October 2013 Asia-Pacific Economic Cooperation (APEC) forum summit in Indonesia, the current target for reaching an agreement.

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s