APEC Secretariat Head Sta Maria on U.S.-China Talks, Trade in Asia

The transcript discusses the ongoing US-China trade negotiations, highlighting positive signs and potential compromises. It emphasizes the importance of structural reforms and the impact on global trade, particularly in Asia. The discussion also covers various trade agreements, including CP TPP and RCEP, and the challenges faced by Malaysia in ratifying CP TPP. Rebecca, the first woman to head the APEC secretariado, outlines her priorities, focusing on continuity and collaboration with the chair.

What is considered a positive sign in the US-China trade negotiations?

• Increased tariffs on Huawei

• A complete halt in negotiations

• President Trump letting the deadline slip

• The imposition of new tariffs

Why is it important for global trade not to be hindered by specific issues?

• Because it benefits only Asian economies

• Because it only affects the US and China

• Because global value chains are interconnected

• Because it leads to increased tariffs

What is the goal of trade agreements like CP TPP and RCEP in the Asia-Pacific region?

• To exclude certain countries

• To focus solely on IP issues

• To increase tariffs

• To find convergence in trade rules

What is one reason Malaysia has not yet ratified the CP TPP?

• Pressure from other countries

• Need to amend several laws

• Lack of interest in trade agreements

• Disagreement with ASEAN

What is a key priority for the APEC secretariado according to Rebecca?

• To introduce new trade barriers

• To ensure continuity in the APEC process

• To eliminate all existing trade agreements

• To focus only on US-China relations

How does the CP TPP aim to benefit the Asia-Pacific region?

• By setting a tone for open trade

• By excluding major economies

• By increasing trade barriers

• By focusing only on tariffs

What is the significance of having China and India at the RCEP negotiation table?

• It excludes smaller economies

• It is beneficial for Asia

• It complicates the negotiation process

• It focuses only on tariffs