Speaker of Russia’s State Duma lower parliament house, Sergey Naryshkin, said on Monday he sees serious global risks in the Trans-Pacific Partnership (TPP).
“The recent agreement of 12 countries on the Trans-Pacific Partnership is fraught with serious risks for the world,” he said at a session of the Inter-Parliamentary Union in Geneva. In his words, the agreement assigns the “controlling stake” in regional politics to the United States, whose president claims that the TPP’s goal is to place Washington in charge of writing the rules for the global economy. “All the rest will have to put up with that and the agreement on the World Trade Organization (WTO), which unites more than 160 countries, will have a secondary role,” he said.
The TPP is not only an economic coup, but the most significant step to undergirding the administration’s “rebalance” to the Asia-Pacific without excessive dependence on the military instrument (though that also is very important). And TPP could also be an important lever for pushing China (not an original TPP member) into better behavior on matters in the cyber arena without having to resort to high-level diplomatic confrontation or economic sanctions to achieve results – though we need to be ready to take those steps, if necessary.
TPP is much more than a trade agreement. TPP establishes a rules-based economic order that will become the foundation for the world we want—a world governed by rule of law, transparent and predictable procedures and in a climate free of intimidation.That is why the Trans Pacific Partnership is about security. TPP will strengthen America’s national security. Washington shouldn’t [lose] sight of this while we debate the narrow economic dimensions of the agreement.