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Conclusion of the Trans-Pacific Partnership negotiations : A commentary from a Korean perspective

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Frame of Image ic integration in the Asia-Pacific region, the strategic nature of its political landscape will likely take a new twist. One of the most salient characteristics of the region’s economic integration politics is that the U.S. and China are each pursuing multilateral FTAs of which the other party is not a member. The U.S. has engaged in the TPP negotiations with 11 countries in Asia Pacific with the goal of strengthening its economic links and political relations with the regional countries, and establishing new trade rules in order to reshape the economic order in the region. On the other hand, China has been pursuing initiatives geared toward China-led regional economic integration, such as the Asia Infrastructure Investment Bank (AIIB) and the “One Belt One Road” (Silk Road Economic Belt and 21st-century Maritime Silk Road) initiative. China has also been actively promoting bilateral and multilateral FTA negotiations in which the U.S. does not participate, such as the Korea-China FTA, Korea-China-Japan FTA, and the Regional Comprehensive Economic Partnership (RCEP), to prepare the groundwork for China-centered Asian economic integration.
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percent when the trade deal comes into effect. This is a somewhat expected outcome considering the existence of some sensitive products, for instance, Japan's sacred five agricultural products (rice, wheat, sugar, dairy products, and beef and pork), U.S. auto parts, and Canada's dairies. Now that the text has been released, TPP member sta


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Title Conclusion of the Trans-Pacific Partnership negotiations
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Sub Title

A commentary from a Korean perspective

Material Type Reports
Author(English)

Choe, Wongi

Publisher

The Institute of Foreign Affairs and National Security

Date 2015
Series Title; No IFANS Focus / IF 2015-08E
Pages 3
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Government and Law < International Politics
Holding IFANS