Joining the TPP is an opportunity to make a big leap for the TPP-ASEAN nations, particularly for Vietnam and Malaysia, in areas such as economic development, export promotion, trade facilitation, efficiency in supply chain, modernization and upgrading services.
It is the stark realization that the strategy of development via exports to the old rich countries is no long valid.
Late last year the North proposed to halt further development and exports of its long-range missiles in exchange for food and fuel aid and a commitment by other countries to launch North Korean space satellites.
But the White House wants to see how much further the North Koreans will go in shutting down their missile research, development and exports before making a final decision on a presidential trip.
Emphasis has been given to export-led growth as a driving force for development as export plays crucial roles in generating income and employment in the domestic economy, as well as in bringing investment, technical upgrade, and industrialization.
He said the United States' concerns with North Korea included the possibility that it might be developing weapons of mass destruction, its missile development and export programs, the threatening posture of its conventional forces, its human rights failings and the dire circumstances in which its people are living.
Third, government may be in a position to increase the demand for labor by encouraging the development of export industries, much as the government of China has done, or the development of export services, much as the government of India has done.
They tend to be more productive, invest more in research and development, and export more.
Manufacturing is based largely on processing imported goods, although the government supports the development of export-oriented industries.
Negotiations on permanently ending North Korea's development and export of long-range missiles broke off when the Clinton administration left office.
