Should Korea Join the Trans-Pacific Partnership?

September 1, 2015

Despite a lack of consensus among Korea, Korean official recognize that -- sooner or later -- Korea will need to be part of the Trans-Pacific Partnership (TPP). Jreffrey J. Schott and Cathleen Cimino-Isaacs conclude that Korea should seek to join the TPP as soon as possible if it can manage its bilateral trade issues with Japan in a pragmatic way. If politics and economic sensitives prevent such a step, Korea should encourage TPP participants to institute and "open enrollment" period soon after the TPP deal is singed and immediately take advantage of it.

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Topics: MEGA-REGIONAL AGREEMENT

Agreements: REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) TRANS-PACIFIC PARTNERSHIP (TPP) FREE TRADE AREA OF THE ASIA-PACIFIC (FTAAP)

Regions: KOREA, REP. ASIA-PACIFIC

Authors: JEFFREY J. SCHOTT CATHLEEN CIMINO-ISAACS

Publishing Institution: PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

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