Better choice than TPP for Japan
Updated: 2013-03-18 20:51
(chinadaily.com.cn)
|
|||||||||
The United States' Trans-Pacific Partnership proposes abolishing tariffs among its members. Yet, Japan wants to protect its national industry from competition, which demonstrates the potential risks of Abe's policies, says an article in 21st Century Business Herald. Excerpts:
Attitudes in Japan are split toward its entering the TPP. Supporters think it will boost Japan's exports and Japan will get US support to contain China. Opponents say Japan has other choices to contain China and the negative influence of the TPP is also obvious for Japan.
The TPP's lower standards on genetically modified foods, food additives and pesticide residue will necessarily affect food safety in Japan.
After entering the TPP, Japanese agriculture will certainly be shocked by US agricultural products. Japan's exports to China account for 30 percent of its total exports. Japan's entering the TPP is also going to influence its exports to China.
It is wishful thinking to believe that Japan's exports will increase under the TPP. The high labor costs of Japanese products are one main factor, beside the tariffs. The no-tariff policy of the TPP will make more cheap commodities flow into the Japanese market, which will further lower prices.
Because Japan is also one of the parties in negotiation with China and South Korea in the Free Trade Area of East Asia, Shinzo Abe has a better alternative than the TPP to maximize Japan's interests.
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |