You are here : Home > Journals > Contemporary Asia Pacific Studies > 2012 > 1

The Review of Research Frontier and Frameworks of Trans-Pacific Partnership Agreement(TPP)

Author: Liu Zhongwei and Shen JiawenSilver Editor Source: Contemporary Asia Pacific StudiesTime :2014-04-10 14:40:00

    Abstract: With enthusiastic promotion by the United States, the Trans-Pacific Partnership Agreement (TPP) has developed rapidly to become a new and competitive framework for cooperation in the Asia Pacific Region. Throughout the process of establishing the TPP, American efforts to take on a leadership role have been obvious;  Japan has participated enthusiastically but faces a range of difficulties; and while ASEAN is not opposed to the emergence of new institutions, it is more focused on stabilizing existing frameworks. While the American led TPP is gaining momentum, its developmental path remains unclear, as TPP negotiations are constrained by American domestic political and technological problems and by the question of whether Japan can successfully join. The present international political and economic situation brings new challenges and opportunities for China, which needs to adjust the structure of its domestic economy, expand domestic demand, improve and consolidate its existing strategy for regional cooperation and positively respond to the development of TPP. Whether TPP will have any substantive influence on bilateral and multilateral trade cooperation between China, the U.S., Japan, Korea and ASEAN is an important topic for future research.

Author: Liu Zhongwei is a Lecturer in the Department of International Economics at the University of International Relations

    Shen Jiawen is a Post-Doctoral Fellow in the Guanghua School of Management at Peking University