Milken Institute Asia's Ciobo On China's Bid To Join CPTPP

The video discusses the global trading system, focusing on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP) and its potential to influence China's trading practices. It highlights the importance of trade agreements in facilitating economic growth and the role of the WTO in resolving trade disputes. The discussion also covers the impact of supply chain disruptions, the potential inclusion of the US and China in the TPP, and the geopolitical tensions affecting trade, particularly between Australia and China.

What is the CP TPP expected to facilitate among its member countries?

• Military alliances

• Trade and investment flows

• Tourism

• Cultural exchanges

Why was the TPP initially considered important for the US?

• To counter China's influence

• To improve tourism

• To enhance military cooperation

• To promote cultural diversity

What is one of the expected outcomes of the ongoing supply chain issues?

• Complete resolution by next month

• Increased reliance on single suppliers

• Permanent disruptions

• Diversification of supply chains

What role does the WTO play in international trade?

• Facilitating cultural exchanges

• Establishing military alliances

• Promoting tourism

• Resolving trade disputes

How does the speaker view the potential for cooperation in trade deals despite tensions?

• Indifferent as it doesn't affect trade

• Negative due to political differences

• Optimistic due to mutual economic interests

• Pessimistic due to ongoing conflicts

What is a significant challenge mentioned in the context of Australia and China?

• Cultural misunderstandings

• Trade restrictions on Australian products

• Tourism decline

• Military conflicts

What is a common commitment among countries despite geopolitical tensions?

• Military alliances

• Tourism agreements

• Multilateral institutions

• Cultural exchanges