BROADCASTS.com

b'\\u201cThe US exit from the Trans-Pacific Partnership (TPP) has paved the way for the People\\u2019s Republic of China (PRC) to dominate and have a greater influence in the Asia-Pacific region,\\u201d said Geethanjali Nataraj of India\\u2019s Institute of Public Administration at a recent Asian Development Bank Institute seminar.\\n\\nJapan has picked up the baton and is trying save the TPP, without the US, and is open to inviting the PRC and the Republic of Korea, initially excluded from the negotiations, to join late-stage talks. Some members are shifting back to bilateral deals with the US.\\n\\nThe Asian economic region is scrambling to build alternative multilateral and bilateral trade agreements, but none will have the consensus of or be as comprehensive and expansive as the TPP.\\n\\nOne that is growing in popularity is the PRC\\u2019s \\u201cOne Road One Belt\\u201d initiative, a 21st century land and sea Silk Road linking Asia through Central Asia to the European Union, and expected to involve 60 economies accounting for 40% of global GDP. \\n\\nIt is a centerpiece of the PRC\\u2019s foreign policy and timed to be in place by 2049, the country\\u2019s centenary.\\n\\nEconomists say it will relieve the pressure of overcapacity on the PRC\\u2019s economy by allowing it to spread its production base and bypass protectionism by importing and exporting finished products.\\n\\nRead the transcript\\nhttp://bit.ly/2vZMdSY\\n\\nWatch the complete presentation\\nhttps://youtu.be/a-GMkiRYctU\\n\\nKnow more about ADBI\\u2019s work on the TPP\\nhttp://bit.ly/2xb3lEH'