Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States

October 5, 2017

The withdrawal of the United States from the Trans-Pacific Partnership (TPP) in early 2017 led the remaining 11 countries in that trade and investment agreement to explore alternative ways to sustain economic integration in the Asia-Pacific region. This Working Paper shows that, without the United States, these 11 countries can achieve significant gains from high-quality, TPP-like agreements among themselves, and from what might have to be a less rigorous but wider agreement in a separate, 16-member Asian trade negotiation, the Regional Comprehensive Economic Partnership (RCEP)

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Topics: MEGA-REGIONAL AGREEMENT

Agreements: TRANS-PACIFIC PARTNERSHIP (TPP)

Authors: PETER A. PETRI MICHAEL G. PLUMMER SHUJIRO URATA FAN ZHAI

Publishing Institution: PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

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