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Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism

Author

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  • Inkyo Cheong

    (Asian Development Bank Institute (ADBI))

Abstract

The Trans-Pacific Partnership (TPP) agreement seems to have reached a crossroads : it could either be a building block toward achieving economic integration in Asia and the Pacific, or trigger the formation of two large trade blocs which will work independently of one another. When the Government of Japan announced its participation in the TPP negotiations in March 2013, the partnership began to attract greater interest from other East Asian countries. This paper analyzes the progress and major issues regarding the current TPP negotiations which are being led by the United States, and draws implications for East Asian economic integration. The paper argues that the TPP should be promoted for its economic value, not for geopolitical purposes. It should be open to all Asia and Pacific countries, including the People’s Republic of China, the second-largest economy in the world and a growth engine for the world economy. The scope and coverage of the TPP should also be wide and comprehensive enough to induce a domino effect for economic integration in Asia and the Pacific.

Suggested Citation

  • Inkyo Cheong, 2013. "Negotiations for the Trans-Pacific Partnership Agreement : Evaluation and Implications for East Asian Regionalism," Trade Working Papers 23508, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:23508
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    Cited by:

    1. Manzano, George N. & Martin, Kristine Joy C., 2016. "Implications of a Philippines-United States FTA on Trade in Goods: An Indicator Approach Using the Sussex Framework," Philippine Journal of Development PJD 2014-2015 Vol. 41-42 , Philippine Institute for Development Studies.
    2. Cororaton, Caesar B., 2016. "Potential Effects of the Regional Comprehensive Economic Partnership on the Philippine Economy," Research Paper Series DP 2016-30, Philippine Institute for Development Studies.
    3. Ghaith, Ziad & Natcher, David & Kulshreshtha, Suren, 2018. "Economic Impact of the United States withdrawal from Trans-Pacific Partnership on Canada: A Computable General Equilibrium Based Analysis," Conference papers 332958, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Badri Narayanan & Sachin Kumar Sharma, 2016. "An Analysis of Tariff Reductions in the Trans-Pacific Partnership (TPP): Implications for the Indian Economy," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 10(1), pages 1-34, February.
    5. Lee, Hiro & Itakura, Ken, 2015. "Mega-regional free trade agreements in the Asia-Pacific: How do productivity gains, cost mitigations and agricultural policy reforms affect the results?," Conference papers 332589, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    6. Kawasaki, Kenichi, 2015. "The relative significance of EPAs in Asia-Pacific," Journal of Asian Economics, Elsevier, vol. 39(C), pages 19-30.
    7. Paramita Dasgupta & Kakali Mukhopadhyay, 2017. "The impact of the TPP on selected ASEAN economies," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 6(1), pages 1-34, December.
    8. Wainio, John & Dyck, John & Meade, Birgit Gisela Saager & Mitchell, Lorrarine & Zahniser, Steven & Arita, Shawn & Beckman, Jayson F. & Burfisher, Mary E., 2014. "Agriculture in the Trans-Pacific Partnership," Economic Research Report 188429, United States Department of Agriculture, Economic Research Service.
    9. Mohammad Masudur Rahman & Laila Arjuman Ara, 2015. "TPP, TTIP and RCEP," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(1), pages 27-45, March.
    10. Rashid S. Kaukab, 2014. "The Changing Landscape of RTAs and PTAs: Analysis and Implications," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 19(Special E), pages 411-438, September.
    11. Cororaton, Caesar B., 2016. "Potential Effects of the Regional Comprehensive Economic Partnership on the Philippine Economy," Discussion Papers DP 2016-30, Philippine Institute for Development Studies.
    12. Caesar Cororaton, 2016. "Potential Effects of the Regional Comprehensive Economic Partnership on the Philippine Economy," Working Papers id:11266, eSocialSciences.
    13. Hiro Lee & Ken Itakura, 2015. "Applied General Equilibrium Analysis of Mega-Regional Free Trade Initiatives in the Asia-Pacific," OSIPP Discussion Paper 15E001, Osaka School of International Public Policy, Osaka University.
    14. Kikuchi, Tomoo & Yanagida, Kensuke & Vo, Huong, 2018. "The effects of Mega-Regional Trade Agreements on Vietnam," Journal of Asian Economics, Elsevier, vol. 55(C), pages 4-19.
    15. durongkaveroj, wannaphong, 2014. "CGE analysis of trade liberalization in Thailand," MPRA Paper 55191, University Library of Munich, Germany.
    16. Lee, Hiro & Itakura, Ken, 2016. "The Implications of the Trans-Pacific Partnership for Japan: Agricultural Policy Reforms and Productivity Gains," Conference papers 332771, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

    More about this item

    Keywords

    Trans-Pacific Partnership Agreement; TPP; East Asian Regionalism; economic integration; China; Japan;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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