{"id":33900,"date":"2018-10-30T14:52:32","date_gmt":"2018-10-30T09:22:32","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33900"},"modified":"2018-10-30T14:52:32","modified_gmt":"2018-10-30T09:22:32","slug":"pacific-oceans-11","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pacific-oceans-11\/","title":{"rendered":"Pacific oceans\u2019 11"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/opinion\/editorial\/pacific-oceans-11\/article20556379.ece\"><span style=\"font-weight: 400;\">Pacific oceans\u2019 11<\/span><\/a><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The US abandoned the 12-nation Trans-Pacific Partnership (TPP) following the Paris accord and Iran nuclear deal have raised suspicions about American commitment to well-negotiated treaties<\/span><\/li>\n<\/ul>\n<p><b>What led to the formation of the CPTPP?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The United States solely contributed 60% of the combined Gross Domestic Product of the 12 members of the TPP.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ten months on, trade ministers from the remaining 11 nations agreed in Danang in principle to a new pact, the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It revised some of the features of the TPP.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The pact however requires domestic ratification, which is expected to be complete by 2019.<\/span><\/li>\n<\/ul>\n<p><b>What is the implication of the US exclusion?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The countries recognise that multilateral free trade, contrary to any misgivings, is beneficial in the long run.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The TPP in its current form has significant protections for labour and environment and is in this regard an advance over other free trade agreements.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The U.S.\u2019s self-exclusion reflects a failure on the part of the Trump administration as the benefits are not as significant in comparison to its losses<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Can this step effect the World\u2019s perception of the US?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The pact without the U.S. can be interpreted as a step that diminishes American power and the international order<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mr. Trump\u2019s decision to pull out of the Paris climate accord and his repudiation of the Iran nuclear deal have raised suspicions about American commitment<\/span><\/li>\n<\/ul>\n<p><b>How can this benefit India?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The ASEAN-plus-six Regional Comprehensive Economic Partnership (RCEP) could benefit from complementarities with the CPTPP.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India must utilise this opportunity to win concessions on services trade liberalisation as part of the plan.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Pacific oceans\u2019 11 Context The US abandoned the 12-nation Trans-Pacific Partnership (TPP) following the Paris accord and Iran nuclear deal have raised suspicions about American commitment to well-negotiated treaties What led to the formation of the CPTPP? The United States solely contributed 60% of the combined Gross Domestic Product of the 12 members of the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pacific-oceans-11\/\">Continue reading <span class=\"screen-reader-text\">Pacific oceans\u2019 11<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-33900","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704889987},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=33900"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33900\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}