Impact Publications : AirCargo_244
Page 6 • AirCArgo AsiA-PACifiC • AUG-SEPT 2016 TPP on its deathbed ...long live TPP II? PUNDITS, activists and politicians have been bad-mouthing the Trans Pacific Partnership (TPP) since this started to firm up as an entity after many years of discussion and negotiation. Despite their antagonism an agreement was reached, one which few believed would stay intact as the signatories moved through their individual ratification processes. Now the signs are that TPP is on its deathbed, with both of the principal US presidential contenders lacking full support. True, their stance could be amended post-election – neither is completely opposed and both talk of renegotiation. True too, Oba- ma could work on forcing through ratification during the celebrat- ed lame duck period between election of his successor and his/her swearing in on a cold Washington winter’s day in the New Year. Obama’s administration is still constitutionally in full power, but with a strong element of caution about tackling something that can’t be tidied up in time, with all the loss of face that would bring. The protocol currently in place is structured in a way that if one or two major economies fail to ratify, that’s the end of it. One of the challenges with TPP is that it is more than a free trade agreement. Like the CER pact between Australia and NZ, it has a number of associated aspects such as copyright and sover- eign rights affecting commercial entities. Those difficulties have fuelled some of the anti-TPP activism, quite apart from whether one economy will potentially benefit more than another. But strong antipathy has also been shown by groups, mostly on the far left of political belief, that opposed TPP vociferously simply because it did encourage free trade. To the transport sector, for whom trade agreements are one of the foundations not just of prosperity but also of survival, such an- tipathy is a danger, especially where it is based on vague political philosophy rather than sound economics. If TPP dies with the departure of Obama it is unlikely to be reborn. However, another international trade agreement might well take its place, most probably based on the nascent Regional Compre- hensive Economic Partnership currently linking Australia and NZ with China, India, Japan, South Korea and the ASEAN countries, which themselves have moved much closer to each other in trade terms over recent years. While some are dubbing this TPP-II, it is likely to be much more realistically trade-focused, region-specific and collaborative. The US and Canada might not get a look in, although hopefully Chile can have some form of involvement given its enthusiastic early work with TPP. There might even be an arm’s length partner role for a post-Brexit UK. And the post-Brexit EU. comment Kelvin King writes. ECS Group wins Jetstar Asia biz EFFECTIVE 22 October, Singapore-based Jetstar Asia has appointed ECS Group Asia Pacific as its general sales agent for freight at Singapore Changi Airport and the 25 stations across its network in Australia, south-east Asia and north Asia. ECS also will manage freight inquiries, reservations and processes on behalf of Jetstar. Francis Loi, the carrier’s head of commercial said: “The rapid growth of the e-commerce marketplace in Asia is shaping the demand for airfreight as e-sellers and e-buyers prefer airfreight for expedited deliver- ies.” Jetstar Asia will continue its partnership with Qantas Freight in regard to interline arrangements for cargo through the Jetstar network across the Asia-Pacific region. And Qantas Freight will continue to market the freight capacity of Australia-based Jetstar Airways. First A330neo starts final assembly run - both wings attached AIRBUS has commenced the final assembly of its first A330neo, an A330-900, in Toulouse with the joining of the wings to the centre fuselage. Both the A330-800 and A330-900 feature a new A350-inspired wing with Sharklet wingtip devices for state-of-the-art aerodynamics, incorporating lat- est-generation Rolls-Royce Trent 7000 engines. The A330neo offers an additional 400 nautical miles range, leading to a 6,550 nautical miles range on the A330-900 and 7,500 nautical miles on the A330-800 . To date, 10 customers have ordered a total of 186 A330neo.