Korea and the TPP: The Inevitable Partnership

August 1, 2015

Korea's decision to delay joining the Trans-Pacific Partnership (TPP) talks was a tactical mistake. It is now left with primarily two options to participate: (1) ask to join the TPP, if possible between signature and entry into force, or (2) accede to the TPP after the agreement is ratified and goes into effect -- either alone or as part of a group of countries seeking TPP membership. For Korea the burden of adjustment in the TPP -- in terms of liberalization commitments -- will probably be higher than had it joined as an original signatory.

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Topics: AGRICULTURE TRADE PROMOTION AUTHORITY (TPA) MEGA-REGIONAL AGREEMENT REGIONAL INTEGRATION

Agreements: TRANS-PACIFIC PARTNERSHIP (TPP)

Regions: KOREA, REP. ASIA-PACIFIC

Authors: JEFFREY J. SCHOTT

Publishing Institution: PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

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