APEC Secretariat Executive Director on U.S.-China Trade, CPTPP, RCEP

The transcript discusses various aspects of international trade negotiations, focusing on the dynamics between China and the US, the enforcement mechanisms in trade deals, and the status of major trade agreements like the Trans Pacific Partnership and RCEP. It also highlights the rising trade tensions between the EU and the US, and India's concerns about trade deals with China. The conversation emphasizes the importance of finding a middle ground in negotiations to ensure mutual benefits.

What is a key factor for successful trade negotiations between China and the US?

• Involving smaller economies

• Reducing tariffs to zero

• Both parties being at the negotiation table

• Having a third-party mediator

Why is an enforcement mechanism crucial in trade deals?

• To reduce negotiation time

• To involve more countries

• To increase tariffs

• To ensure compliance and good faith

What is the current status of the Trans Pacific Partnership?

• It is still under negotiation

• It has been abandoned

• It has entered into force

• It is awaiting ratification by all parties

What is a significant challenge in concluding the RCEP agreement?

• Varying degrees of economic development among parties

• Exclusion of major economies

• Lack of interest from member countries

• High tariffs on all goods

What challenge does India face in trade negotiations with China?

• Lack of negotiation skills

• High tariffs on Indian goods

• Flooding of Chinese goods in the domestic market

• Lack of political will

Why might the EU retaliate against US tariffs?

• To comply with WTO rules

• To reduce trade with the US

• To show strength to its constituents

• To increase trade with China

What is a critical aspect of trade negotiations according to the transcript?

• Ensuring one party benefits more

• Involving as many countries as possible

• Reducing all tariffs to zero

• Finding a middle ground for mutual benefits