TPP and arms ban
“It is clear that Obama is trying to form and consolidate new American leadership through TPP and reconciling American relations,” Li said.
The TPP, signed on Feb 4 in New Zealand by the US and 11 other Asia-Pacific rim nations, including Vietnam and Japan, has been hailed by the Obama administration as a high-standard free-trade agreement, but it is still facing an uphill ratification battle by the legislatures of member nations. In the US, three 2016 presidential candidates, Hillary Clinton, Donald Trump and Bernie Sanders, oppose TPP, although Clinton had supported it as secretary of state three years ago, calling it the “gold standard”.
China is not a party to the TPP, but it is the largest trading partner of most of the 12 members. China is actively promoting the Regional Comprehensive Economic Partnership (RCEP), a free-trade agreement between 10 ASEAN nations and six other countries, covering a total of 3 billion people. Negotiators will meet in New Zealand next month for the 13th