The trans-pacific partnership

Origin, evolution, special features and economic implications

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

After concluding difficult and long negotiations, the Trans-Pacific Partnership (TPP) agreement was signed by twelve members in February 2016. It is an ambitious agreement that sets a new standard for global trade with a comprehensive coverage of issues and farreaching liberalization measures. However, the ratification of the TPP in its agreed form is no longer possible because of the withdrawal of the United States. The paper argues that notwithstanding this, the TPP without the United States, or TPP-11, should be pursued by the remaining eleven members. This is because important economic benefits can be expected from its enactment. In addition, it is important to keep the momentum towards trade and investment liberalization and fight against growing protectionism.

Original languageEnglish
Pages (from-to)22-38
Number of pages17
JournalJournal of Southeast Asian Economies
Volume35
Issue number1
DOIs
Publication statusPublished - 2018 Apr 1

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liberalization
economics
protectionism
ratification
withdrawal
coverage
Economics
Economic benefits
Global trade
Ratification
Momentum
Protectionism
Liberalization
Trade liberalization
Enactment
Investment liberalization

Keywords

  • ASEAN
  • Trade liberalization.
  • Trans-pacific partnership

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

Cite this

The trans-pacific partnership : Origin, evolution, special features and economic implications. / Urata, Shujiro.

In: Journal of Southeast Asian Economies, Vol. 35, No. 1, 01.04.2018, p. 22-38.

Research output: Contribution to journalArticle

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