Article snippet: In a 2013 speech at the Export-Import Bank’s 2013 Annual Conference, Biden touted the need for the multilateral free trade deal known as the Trans-Pacific Partnership (TPP) as a necessity to creating a “new world order.” Biden said he proudly supported TPP, which he acknowledged would have opened global markets and forced American workers and U.S. industry to compete against low-wage foreign workers in countries like Malaysia and Vietnam. “These institutions that the affirmative task we have now is to actually create a new world order because the global order is changing again,” Biden told Export-Import bankers. Central to this multilateral, open markets agenda, Biden said, is ensuring that foreign countries are prosperous — including China. Biden said at the time that China having a prosperous economy is “overwhelmingly” in the interests of American businesses and U.S. workers: Similarly, Biden conceded to China’s economic rise over the last three decades. Rather than shifting economic power back to the West, Biden said the U.S. must “assert” itself as a “resonate economic power” in the Eastern region of the world through TPP, which he promised would help merge economies “across the Pacific.” “The world’s economic engine has shifted eastward and we know that it is in Asia where much of the opportunity in the 21st Century will be found,” Biden said. “Economically, Asia already accounts for more than one-quarter of global GDP. Over the next five years, the Asian P... Link to the full article to read more