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The Trans-Pacific Partnership: Many Hurdles Remain
In addition to the participation of two of the globe’s three largest economies, the United States and Japan, the pact could eventually include South Korea, Taiwan, Thailand, and the Philippines, though these countries are not directly involved in the current negotiations. China, the elephant in the room for any Pacific trade pact, is not a party to the TPP talks and has only hinted interest, according to the Obama administration.
New GNI Data: China Surrogates: Who’s In? Who’s Out?
On 23 September 2013, the World Bank released its latest per capita Gross National Income (GNI) rankings for calendar year 2012. Countries that are “close” to China in per capita GNI (i.e., in reasonable proximity to the band fixed by the current surrogate countries) include the Philippines, Costa Rica, and Mexico.