Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Implications for the Asia-Pacific Region

The chapter examines the implications of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the Asia-Pacific region from both the economic and geopolitical perspectives. This free trade agreement is a replacement of the previously negotiated Trans-Pacific Partnership (TPP) after the US withdrawal. To salvage the TPP from demise, the remaining 11 signatories agreed to proceed with this trade bloc to form the CPTPP. The CPTPP is a modified version of the TPP that was negotiated by the original participating countries. The analysis presents four possible future scenarios for the CPTPP in terms of both threats and opportunities for the Asia-Pacific region.

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Notes

A mega regional agreement refers to a trade agreement between countries of different regions which accounts for a large share of the world’s trade and investment.

A multilateral agreement refers to a trade agreement among all WTO member countries. A plurilateral agreement refers to a trade agreement between a group of countries which choose to agree to specific new trade rules.

A bilateral agreement refers to a trade agreement between two countries. A trilateral agreement refers to a trade agreement among three countries.

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Author information

Authors and Affiliations

1. Ontario Tech University, Oshawa, ON, Canada Terry Wu
2. Deakin University, Melbourne, Australia Doren Chadee

1. Terry Wu