The Integration of Western and Eastern Trade-Blocs
By JC Collins
Last week a special United States-ASEAN summit was held in California. The purpose of the meeting was to align trade strategies and have all members of the ASEAN trade bloc join with the Trans-Pacific Partnership.
In October of 2015 I wrote a piece titled TPP and the AEC – Parallel Trade Agreements. In that post we reviewed how the TPP and the ASEAN Economic Community were two parts of the one hinge which acted as the point of integration between the United States and China within the multilateral monetary framework.
From that post:
“There is as much confusion and misinformation about the relationship between the Trans-Pacific Partnership (TPP) and the ASEAN Economic Community (AEC) as there has been regarding the integrated relationship between the International Monetary Fund and the Chiang-Mai Initiative Multilateral, and to a larger extent, the BRICS led institutions.”