China calls for open, inclusive path after US quits TPP

Record ID: 165519

  • Title: China calls for open, inclusive path after US quits TPP
  • Date: 24th January 2017
  • Summary: BEIJING, CHINA (JANUARY 24, 2017) (REUTERS) CHINESE FOREIGN MINISTRY SPOKESWOMAN HUA CHUNYING WALKING IN FOR REGULAR BRIEFING MEDIA SEATED (SOUNDBITE) (Mandarin) CHINESE FOREIGN MINISTRY SPOKESWOMAN HUA CHUNYING SAYING: "As everyone can see, the current world economic situation is still pretty fragile, with trade and investment sluggish. The Asia Pacific region should continue to play the role of engine in global economy, build an open economy and make contributions to the world's economic growth. We think that in the present situation, no matter what happens, all should keep going down the path of open, inclusive, continuous development, seeking cooperation and win-win (situation)." BRIEFING IN PROGRESS EXTERIOR OF CHINESE FOREIGN MINISTRY CHINESE NATIONAL FLAG FLYING
  • Embargoed: 7th February 2017 10:13
  • Keywords: China foreign ministry USA TPP Donald Trump
  • Location: BEIJING, CHINA
  • City: BEIJING, CHINA
  • Country: China
  • Topics: Government/Politics
  • Reuters ID: LVA00160FX1DZ
  • Aspect Ratio: 16:9
  • Story Text: China called on the Asia Pacific region to continue to make its own contributions to the world's economic growth with openness after U.S. President Donald Trump withdrew from the Trans-Pacific Partnership (TPP).
    The TPP, which the United States had signed but not ratified, was a pillar of former U.S. President Barack Obama's policy to pivot to Asia.
    Fulfilling a campaign pledge, Trump signed an executive order in the Oval Office on Monday (January 23) pulling the United States out of the 2015 TPP agreement and distancing the United States from its Asian allies.
    Australian Prime Minister Malcolm Turnbull said there were possibilities for China to join the TPP.
    In Beijing, Chinese Foreign Ministry spokeswoman Hua Chunying did not say directly whether China would be interested in joining the TPP but that at a time of economic uncertainly the Asia Pacific should make its own contributions to growth with openness.
    "As everyone can see, the current world economic situation is still pretty fragile, with trade and investment sluggish. The Asia Pacific region should continue to play the role of engine in global economy, build an open economy and make contributions to the world's economic growth. We think that in the present situation, no matter what happens, all should keep going down the path of open, inclusive, continuous development, seeking cooperation and win-win," Hua told a daily news briefing on Tuesday (January 24).
    Obama had framed the TPP without China in an effort to write Asia's trade rules before Beijing could, establishing U.S. economic leadership in the region as part of his "pivot to Asia".
    China has proposed a counter pact, the Free Trade Area of the Asia Pacific (FTAAP) and has championed the Southeast Asian-backed Regional Comprehensive Economic Partnership (RCEP).
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