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Divergence on economic regionalism

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  • Divergence on economic regionalism
  • Korea Economic Institute of America


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Title Divergence on economic regionalism
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Material Type Reports
Publisher

Washington, DC:Korea Economic Institute of America

Date 2014
Series Title; No Joint U.S.-Korea Academic Studies / vol. 25
Pages 60
Subject Country China(Asia and Pacific)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Korea Economic Institute of America

Abstract

For a time the endgame appeared to be under way in TPP (Trans-Pacific Partnership) negotiations and attention was shifting from the potential competition between TPP, RCEP (Regional Comprehensive Economic Partnership), and the CJK FTA (China-Japan-Korea Free Trade Agreement) to the implications of a TPP agreement for various countries. The United States continued to be the driving force, first prodding all parties to move ahead and then causing others to pause, as doubts were growing about whether Barack Obama would challenge his base in the Democratic Party prior to November’s mid-term elections and press Congress for the critical TPA (trade promotion authority) that offers assurance to U.S. partners of an up-or-down vote on any agreement that is reached. Japan clearly has emerged as the second central force in these negotiations, whose bilateral talks with the United States are the principal venue for deciding what the outcome will be. (The rest omitted)