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Obama Meets Singapore PM, Looks to Boost TPP Trade Pact

2 августа, 2016     Автор: Ольга Хмельная
Obama Meets Singapore PM, Looks to Boost TPP Trade Pact

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The prime minister of Singapore urged the United States to maintain its "indispensable role" in the Asia-Pacific and ratify the Trans-Pacific Partnership free trade deal as he joined President Barack Obama at the White House Tuesday to celebrate the 50th anniversary of U.S. diplomatic relations with the Southeast Asian city state.

Calling Singapore a "rock solid" partner, Obama welcomed Prime Minister Lee Hsien Loong after an elaborate ceremony on the South Lawn of the White House, where hundreds of U.S. military members in blue and white uniforms formed an honor guard. The two leaders were then meeting in the Oval Office, and Lee will also be honored with a state dinner on Tuesday evening.

The U.S. president said they shared a "common vision of a peaceful and prosperous Asia-Pacific and a more secure world." He paid tribute to the tiny nation's transformation from third world country to a first world country in the past five decades, describing it as a "red dot on many maps, but with a very big impact on the world."

Singapore, a close U.S. partner, is one of the 12 nations in the TPP, an agreement key to Obama's effort to boost U.S. exports and build strategic ties in Asia. But Lee's Washington visit comes as opposition to the TPP intensifies in the United States. Both Republican contender Donald Trump and his Democratic rival Hillary Clinton, who are competing to succeed Obama as president, are against it.

Lee acknowledged that some Americans are anxious and frustrated with economic uncertainty and the uneven result of globalization and trade, but said the U.S. is strengthened by its engagement in Asia.

"Singapore fervently hopes that the U.S. will stay engaged and maintain its indispensable role in the Asia-Pacific. In particular, we hope, and I'm sure the president shares this hope, that Congress will ratify the TPP soon," Lee said.

Lee said the TPP will benefit American workers and businesses and send a clear signal that America will continue to lead in the Asia-Pacific.

The Obama administration says it remains determined to try and win congressional approval for TPP, but the chances of achieving that in the "lame duck" session after the Nov. 8 election and before the new president takes office Jan. 20 appear slim because of the depth of political opposition, not least from Obama's fellow Democrats.

The deal would eliminate trade barriers and tariffs, streamline standards and encourage investment between the 12 countries that include Mexico, Japan, Vietnam and Australia. But critics say the pact undercuts American workers by introducing lower-wage competition and gives huge corporations too much leeway.

Singapore, a city state of 5.7 million people, is heavily dependent on international trade for its prosperity. In 2004, it became the first Asian nation to strike a bilateral free trade agreement with the U.S. Last year, the bilateral trade in goods totaled $47 billion, with the U.S. enjoying a $10 billion surplus.

Singapore is also a strong advocate of the U.S. security role in Asia although it retains cordial ties with China too. Under Obama, the U.S. has deployed littoral combat ships in Singapore, and last December, deployed a P-8 Poseidon spy plane there for the first time, amid heightened tensions in the South China Sea.

Lee's meeting with Obama on Tuesday will be watched for reaction to an international tribunal ruling July 12 that invalidated China's historical claims to most of the disputed South China Sea. The U.S. says the ruling is binding but China has rejected it. Southeast Asian nations have been reluctant to speak out against Beijing.

The state dinner for Lee will be the first held for a Singaporean leader since October 1985, when Ronald Reagan hosted Lee's father, Prime Minister Lee Kuan Yew.

The U.S. and Singapore opened diplomatic relations in 1966, a year after the U.S. recognized Singapore's independence from Malaysia.