Singapore says TPP vital for U.S. to be taken seriously in Asia

A few months back, Reuters politics reporter, David Brunnstrom, gave a brief summary of Singapore’s take on the importance of the TPP for the United States (http://www.reuters.com/article/2015/06/15/us-usa-trade-singapore-idUSKBN0OV2NF20150615).  Singapore Foreign Minister, K. Shanmugam, declared if the United States wants to be taken seriously amongst the Asia Pacific trading nations, it must be able to pass the TPP.  Given that the 12 countries involved are responsible for 40% of the world’s GDP, this deal would give the United States the upper-hand in regards to trading power.  The Obama administration has been very eager to get the agreement signed since his term is coming to a close, but more importantly for the benefits this deal has for American’s job stability.  Obama also claimed the TPP will help the U.S. reestablish its position as lead in setting the “global economic agenda” against China.

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