The fate of Trans-Pacific Partnership Agreement remains uncertain even as US President Barack Obama tries to get congressional passage for the bill.
The trade deal, which is a strategic and geopolitical drive to contain China and maintain US hegemony in the Asia-Pacific, is facing hurdles as Vietnam is delaying its ratification.
Hanoi’s rethink came soon after Prime Minister Nguyen Xuan Phuc’s recent six-day visit to China. US dominance in Asia-Pacific is challenged by Philippine President Rodrigo Duterte who is cozying up to Beijing. If other leaders follow suit, the US will soon lose its hold on Asia.
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