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General News    H3'ed 11/13/15

Donald Trump Was Correct About TPP And China -- Factual but an Understatement

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Among the most argued Obama Administration justification for TPP is that failure to reach a free trade agreement with Asian economies would allow China to set the global norms. This article points out many of the back door tactics that China can use to game the Trans-Pacific Partnership (TPP) for its benefit, that are not acknowledged by the TPP bipartisan beltway hucksters. True to form hucksters don’t acknowledged the rotten apples hidden in their offerings.

One additional tactic China can use to wreak havoc against TPP counties is to utilize its subsidiaries in Vietnam, etc. to initiate Investor State Dispute Settlement (ISDS) actions against the United States and other TPP counties, but China not being a TPP county will be insulated from similar action by TTP counties. The United State has negotiated a partnership where potentially heads China wins, tails China wins.

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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
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