Gaius Publius: Why Is Malaysia So Important to TPP? The Strait of Malacca
Because of an excellent catch by Yves Smith at Naked Capitalism, I think we can put the finger on why keeping Malaysia in the TPP is important to its proponents. Which may explain why Obama — after all, the first black president — is willing to turn a blind eye to slavery and the murder of trafficked humans. The Strait of Malacca is one of the most important shipping lanes on the planet.Reuters (my emphasis throughout):
The 900-km long (550 miles) Malacca Strait, linking Europe and the Middle East with the Asia-Pacific, carries about 40 percent of the world’s trade. More than 50,000 merchant ships ply the waterway every year.
About 3.3 million barrels per day (bpd) of Middle East crude passed through the strait and to Japan last year. Middle East crude accounts for 90 percent of Japan’s total imports. Up to 80 percent of China’s crude imports are delivered via the narrow and congested waterway.
So China and Japan have a stake in keeping the Malacca Strait secure, as does India which has a blue water navy patrolling in the Andaman Sea at the western end of the strait.
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