“TPP allows America — and not countries like China — to write the rules of the road in the 21st century,” Obama said after representatives of 12 nations signed the pact in New Zealand on Thursday.
China has always maintained the World Trade Organization should lead the formulation of global trade rules. China hopes major trade powers and economies will uphold the role of the WTO, Lu said.
Lu said it is understandable that some countries may need to explain the advantages and disadvantages of FTA arrangements to their domestic industries.
“Such explanation should be based on facts, rather than politics,” Lu said. “It shouldn’t lead people to conclude that the U.S. promotes the TPP out of geopolitical considerations. Otherwise, it misleads the public and is not good for international relations.”
The TPP involves Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Enditem