Do you know what FTAAP and TPP stand for? Two world powers, China and the United States, are fighting over these acronyms.
Ostensibly, it’s about free trade. In reality, it’s about influence in the Asia-Pacific region, about waging a war without weapons. This assures a tense mood when President Barack Obama and the Chinese state and party leader Xi Jinping meet today when 21 Pacific rim country leaders gather for the annual Asia-Pacific Economic Cooperation (APEC) summit in Beijing.
China favors the FTAAP, or the Free Trade Area of the Asia-Pacific. The United States wants TPP, the Trans-Pacific Partnership. While the Beijing variation consists of all APEC members, including the United States, the Americans prefer a smaller version with only 11 members — excluding China.