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Monday, October 24, 2016

China responded to Obama: rules can not impose one country

The words of Barack Obama that global trade rules should be set solely by US in China was regarded as ambitious but not essential.

photo: Gennady Cherkasov

President Barack Obama, in his address to Congress stated that the agreement TRANS-Pacific partnership (TPP) will help the States to establish world leadership in the market, and will help to strengthen the security of the country.

Read the story: Obama announced “the way of the leader”: the US must dictate the rules of world trade

However, his words about what a leader in the global market must become that the US is not relished in China. The official representative of the Chinese foreign Ministry Hong lei, commenting on the statement of the us President, said that these statements “are usually ambitious in form, but not the essential content,” and do not take into account the long term.

“Global trade rules should be resolved by all countries of the world together and cannot be dictated by any one country,” he said.

The Chinese Minister said Beijing is open and believes that the TPP and the Regional comprehensive economic partnership (RVAP) “can complement each other and work together in order to create a free trade Area in the Asia Pacific region”.

Obama’s words and commented on in France. President Francois Hollande said that Paris will vote against the economic agreement (TPP).

“We would never have agreed to undermine the core of our rural economy, our culture, the principles, the principles of mutual access to the market”, quoted by France Presse.

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