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TPPA: No need for American handouts

The Asian nations have survived without TPPA before and there is no reason they should not move forward on their own strength and stream with new partners such as China, Japan and India.

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By Mohamed Ghouse Nasuruddin

The world is currently transfixed with the antics of the newly elected President of the United States of America, Donald Trump, whose protectionist policies of America first and America for Americans are deemed by the majority nations of the world to be detrimental to the well being of the globalised community.

It is as if the world is subservient and at the mercy of Donald Trump: that we are dependent and helpless without the physical and moral support of the United States of America.

So much so that world leaders are running to pay homage to him, the newly crowned white Christian Monarch who is hell bent to restructure the old order to his vision of the America for Americans.

Donald Trump may have done us a favour to wean us off the fallacy of the need of American largesse and handouts.

Thus his announcement of terminating the TPPA trade initiative should not be taken as apocalyptic. The world must come to terms to this changing economic and political scenario as a result of Trump’s policies.

We should not be too dependent on the superpowers for our security and economic well-being. There is a need to chart new paths.

The Asian nations have survived without TPPA before and there is no reason they should not move forward on their own strength and stream with new partners such as China, Japan and India.

We have to develop new strategies and cast off the perception that every time America sneezes the rest of the world catches the flu.

For starters we need to disengage from the tyranny of the American dollar.

But first the Asian countries must come to an understanding that would include compromises for the common good and pool their resources to maximize their strengths and minimize their weaknesses.

The Asian countries must brace for a period of adjustment when Trump implements his protectionist policy by imposing high tariffs on foreign goods, especially China and Mexico.

We have to develop our own regional markets and source for new ones.

Trump will soon find out that he cannot adopt an isolationist policy as the fate of the Americans are inextricably linked with the peoples of the world.

Mohamed Ghouse Nasuruddin is an FMT reader.

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