Guo Yiming — China's exclusion from TPP and TTIP against globalization

The major international trade pacts known as the TPP and TTIP will involve historical errors without China's participation, a Chinese expert claimed during the annual conference of the Istanbul Chamber of Industry on Saturday.

Wang Wen, executive dean of Chongyang Institute for Financial Studies, a think tank under Beijing's prestigious Renmin University, made the remark during a session on the rise of free trade agreements.

As the only Chinese representative invited to the event, Wang voiced his concern on the exclusiveness and creating negative influence for the Trans-Atlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) that are set to launch a new revolution in the international economic and trade system.

"Fresh trade protectionism is taking shape with new forms, and the unnecessary internal frictions in competition between developed countries and emerging economies continue to grow," said Wang, expressing concern the negative influences of TPP and TTIP could cause large scale strategic misjudgment, and increase tensions and uncertainties in the global economic and political systems.

He said the controversial trade pacts, which exclude all emerging economies, such as China, India, Russia, Brazil, and whose standards are obviously favorable to the developed nations, overlook the former's rights, and constitute a powerful rejection and even discriminate against them. He regarded the pacts as a de facto trade barrier protecting the developed countries' interests.…

Protectionism masquerading as "free trade."

China.org.cn
China's exclusion from TPP and TTIP against globalization

Guo Yiming