BANGKOK — Governments and business in Asia are preparing to place greater focus on regional trade and economic prospects, following the U.S. decision to withdraw from the 12 nation Trans Pacific Partnership agreement or TPP. Analysts say alternative multilateral trade pacts including the Regional Comprehensive Economic Partnership (RCEP), which includes China, may fill the ‘vacuum’ left […]
President Donald Trump has withdrawn the United States from the 12-nation Pacific Rim trade deal as he starts his first full week in office. The Trans-Pacific Partnership had been negotiated since 2009 during former President Barack Obama’s White House tenure, but the U.S. Congress never ratified it, with numerous lawmakers opposed to or skeptical of […]
President-elect Donald Trump says that he will withdraw from the proposed Trans-Pacific Partnership trade deal on his first day in office, part of a series of moves aimed at “putting America first.” In a video message posted to YouTube Monday, Trump called the TPP a “potential disaster” for the U.S. “Instead, we will negotiate, fair, […]
Following yesterday’s announcement by South Korea that they suspected that North Korea had detonated a nuclear device, North Korea told the world today that they had, in fact, detonated their largest nuclear device to date. North Korea did not notify the international community in advance of yesterday’s test which marked North Korea’s 68th anniversary of […]