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    The Trans-Pacific Partnership (TPP) Agreement Holds Strategic Underpinnings

    Das, Sanchita Basu | May 2016
    Abstract
    After prolonged negotiations since 20102, the Trans-Pacific Partnership (TPP) Agreement was broadly agreed upon in October 2015 among the twelve parties – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (US) and Vietnam. The agreement aims to eliminate barriers to trade and update rules that had been written under the World Trade Organisation (WTO) and the several free trade agreements (FTAs) signed by the Asia-Pacific nations. A recent study by Petri and Plummer (2016) estimated that the TPP will raise global annual income by US$492 billion and US annual income by US$131 billion by 2030. Large gains are to be expected for Japan, Malaysia and Vietnam. Some non-members such as Indonesia and the Philippines will suffer small losses while Thailand will face relatively significant setbacks. China will also experience a moderate loss of US$18 billion by not being part of TPP. This is mainly because of trade diversion from non-members to members and dilution of earlier preferences in TPP countries.
    Citation
    Das, Sanchita Basu. 2016. The Trans-Pacific Partnership (TPP) Agreement Holds Strategic Underpinnings. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10525.
    ISSN
    2335-6677
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade Regulations
    Exchange Rate
    Economic zones
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Exchange rates
    Economic Zones
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/10525
    Metadata
    Show full item record
    Thumbnail
    ISEAS_Perspective_2016_22.pdf (382.8Kb)
    Author
    Das, Sanchita Basu
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise