Peru and the Old TPP

 

In the article “Peru’s New Leader Champions Trade in the Trump Era” (https://www.ft.com/content/2e2af8ee-b293-11e6-a37c-f4a01f1b0fa1) , an overview is given of Peru’s trade strategy now that the TPP will most likely be stopped. Per the article, Peru’s president Pedro Pablo Kuczynski believes that it is “fundamental that world trade grows again and that protectionism be defeated”. Currently Peru’s top trading partners are China and the US. Although Kuczuynski confirms that Peru’s relationship with the US remains strong, he is “seeking to deepened ties with Beijing”. Additionally, the day after Trump vowed to scrap the TPP, Peru hosted the Chinese president Xi Jinping. Although Kuczynski hasn’t totally given up on the TPP, he stated that Peru is “considering the merits of a rival Chinese initiative, the Regional Comprehensive Economic Partnership”, which is essentially a new TPP reformed to exclude the US. How many countries would wish to participate in such an agreement? Would the US discourage such an agreement? Only time will tell.

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