Edited by Peter C.Y. Chow
Chapter 4: Taiwan’s TPP accession: impact on the TPP12 and spillovers on third parties
The authors address how the founding 12 Trans-Pacific Partnership (TPP) members (the TPP12) will be affected by membership expansion, using Taiwan’s admission as a case study. They show that this would expand the overall economic gains for the TPP12 considerably, though they would have to give up preferential gains made at Taiwan’s expense. Accordingly, the path to a Free Trade Area of the Asia Pacific (FTAAP) through the expansion of existing free trade agreements (FTAs) faces the challenge of overcoming potential resistance from existing TPP members who might stand to lose rather than gain from the expansion.
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