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Will the Trans-Pacific Partnership Agreement Integrate the Asia-Pacific Regional Market?

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Negotiations for the Trans-Pacific Partnership agreement (TPP) have progressed since November 2009 under the leadership of the U.S. This paper tries to analyze major issues regarding the TPP and its future prospects. Will the TPP be successful in promoting a trading bloc for the entire Asia-Pacific region? Or will it induce China to develop its own Sino-centric trade bloc in East Asia? What are the policy implications for East Asian economic integration? This paper argues that the TPP should be promoted for its economic value and not for geopolitical purposes. It should be open to all Asia-Pacific countries, including China, the second largest economy in the world. The paper underlines that the scope and coverage of the TPP should be wide and comprehensive enough to induce a domino effect and hasten economic integration in the Asia-Pacific region.

Abstract

Negotiations for the Trans-Pacific Partnership agreement (TPP) have progressed since November 2009 under the leadership of the U.S. This paper tries to analyze major issues regarding the TPP and its future prospects. Will the TPP be successful in promoting a trading bloc for the entire Asia-Pacific region? Or will it induce China to develop its own Sino-centric trade bloc in East Asia? What are the policy implications for East Asian economic integration? This paper argues that the TPP should be promoted for its economic value and not for geopolitical purposes. It should be open to all Asia-Pacific countries, including China, the second largest economy in the world. The paper underlines that the scope and coverage of the TPP should be wide and comprehensive enough to induce a domino effect and hasten economic integration in the Asia-Pacific region.

참고문헌 (45)

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