John Kerry: US will eventually join TPP and take part in China’s Belt and Road Initiative
Former US Secretary of State John Kerry says the US has missed a huge opportunity by walking away from the Trans Pacific Partnership
John Kerry, the former United States secretary of state, said on Friday that the US would, in time, rejoin the Trans Pacific Partnership, and that he hoped it would become involved in the China-led Belt and Road Initiative, and the Asian Infrastructure Investment Bank.
“When the US withdrew from TPP, I believe that was a moment of leadership given away, for nothing, not even for a better deal,” said Kerry at the UBS Wealth Insights conference in Hong Kong, at a time of heightened tensions between President Donald Trump’s administration and China, with some observers predicting a trade war.
“I have urged the TPP 11 to go forward with the agreement, and I believe this moment will pass, the politics will change and the US will be able to come back to that agreement.”
Kerry was an important architect of the TPP, a trade deal involving 12 Pacific Rim countries from which Trump withdrew the US in January last year.
The other 11 are continuing with the plan.