Two months before the inauguration of Donald Trump as the next US President and the likely end of the Trans-Pacific Partnership free trade deal, signs emerge that the Asia-Pacific region is turning towards a Plan B.
During his presidential campaign, Donald Trump promised to pull the US out of the 12-nation mega trade deal known as the Trans-Pacific Partnership (TPP), a vital element in President Barack Obama’s “pivot” to Asia strategy. The trade deal has been viewed by many as a means for the US to deepen its economic engagement in the Asia-Pacific region, while helping Washington counter Beijing’s growing influence. China is currently not part of the TPP. But Trump’s … continue reading