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.

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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