South China Morning Post quotes C. Boyden Gray Fellow on Global Growth and Finance Chris Brummer on why the recently negotiated Trans-Pacific Partnership is viewed in Asia as not only an economic agreement, but also an instrument of foreign economic policy, and as such will impact China’s own trade policy development:
Chris Brummer, fellow at the US-based think tank Atlantic Council, said there was no doubt the TPP was viewed not only as an economic agreement, but also as “an instrument of foreign economic policy”.
“It’s hard not to expect some inclination to accelerate China’s own trade agenda,” Brummer said. “The question is, of course, to what extent China’s economy will support it in the short term.”