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by michaelt
3882 days ago
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America hopes to use TPP as a model for a similar deal with China, so America has insisted on a bunch of rules you'd only expect in a trade deal with a banana republic - like investor-state dispute settlement. At present, "Chinese officials have learned to tackle multinational companies, often forcing them to form joint ventures with [Chinese companies] and transfer the latest technology in exchange for current and future business opportunities" [1] which is good for China but bad for America. America wants a treaty with China that will stop them doing that. Personally I'd be surprised if China went for such a deal, regardless of what happens with TPP. [1] https://hbr.org/2010/12/china-vs-the-world-whose-technology-... |
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However, given the contents of the treaty, I don't think this exclusion is something that really bothers China.
China wanted in on the WTO bad. Real bad. China doesn't really care about the TPP.