Is The TPP Dead?
Through Executive Order and the stroke of the pen, President Trump fulfilled one of his biggest campaign promises, removing the US from the Trans-Pacific Partnership (TPP).
- What does this mean to the international supply chain in both the short and long-term?
- Who are the winners and losers from a US withdrawal from the TPP?
- Will China step-in to pick up the pieces in the Pacific? Should they?
In this podcast, we look into these questions and also discuss the origin of the TPP.
The TPP originated in 2002 as an APEC initiative and continued to grow over the next nine years. The Trans-Pacific (TPP) is a much larger trade agreement than NAFTA with the participating countries accounting for 40% of the world’s GDP. In theory, the TPP should help strengthen the participating countries’ economies while simultaneously boosting trade among the 12 participating countries. But, opposition to TPP has come from all corners.
Fast-forward to January 2017 when the US withdraws from the TPP, catching the other member countries off-guard and without a contingency plan.
Is the TPP dead? Will China fill the economic vacuum left by the US? TPP was created to curb China’s economic influence in the Pacific – will increased involvement give China too much power? The story of the TPP is still being told.
We would like to give a special thank you to our guests, Deborah Elms and Raymon Krishnan.
Deborah Elms is Executive Director of the Asian Trade Centre in Singapore. The Asian Trade Centre works with governments and businesses to create better trade policy for Asia. She is also a senior fellow in the Singapore Ministry of Trade and Industry’s Trade Academy. Previously, she was head of the Temasek Foundation Centre for Trade & Negotiations (TFCTN) and senior fellow of international political economy at the S. Rajaratnam School of International Studies at Nanyang Technological University, Singapore. Her research interests are negotiations and decision-making, and her current research involves the Trans-Pacific Partnership (TPP), Regional Comprehensive Economic Partnership (RCEP), and ASEAN Economic Community (AEC) negotiations and global value chains. She has provided consulting on a range of trade issues to governments including the United Arab Emirates, Sri Lanka, Cambodia, Taiwan, and Singapore. Dr. Elms received a PhD in political science from the University of Washington, a MA in international relations from the University of Southern California, and bachelor’s degrees from Boston University.
Raymon Krishnan is currently the President of the Logistics & Supply Chain Management Society. He holds a degree in Logistics from the Royal Melbourne Institute of Technology and a Master of International Business from the University of Wollongong. He has over twenty years’ experience in the logistics industry as an end user and service provider and has been a speaker at a number of Logistics events in Singapore, Indonesia, Australia, Vietnam and Malaysia. His experience covers the full Logistics spectrum, from raw material procurement to physical distribution and eventually Customer Service and care, with a strong grounding in Quality and Six Sigma. His last commercial role was as Director Asia Pacific Logistics & Trade Compliance for W R Grace Inc. In this role, he is responsible for Inbound and Outbound Logistics, Trade Compliance and warehousing for the 67 GRACE manufacturing sites and offices in the Asia Pacific region.