The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

Edited by Peter C.Y. Chow

Mega-regionalism in the Asia Pacific has led to the formation of several emerging trade blocs, including the Trans-Pacific Partnership. This book, in addition to the examination of trade policies in the region, offers a comprehensive analysis of ongoing developments such as the impact of new members on the incumbent TPP-12 and its spillover to third parties, as well an objective study of the crucial issues of liberalization of agriculture, pharmaceuticals, and intellectual property rights.

Chapter 5: Trade complementarity and natural trading partners between the US and second round of TPP members

Peter C.Y. Chow

Subjects: asian studies, asian economics, economics and finance, asian economics, international economics, regional economics, politics and public policy, asian politics


The author compares the impacts of four prospective members – Indonesia, the Philippines, Taiwan, and Thailand – on the United States (US) economy by assessing their respective interdependency, trade complementarity with the United States, and relative contributions to the global value-added in US exports. He uses a computable general equilibrium (CGE) model to show that the Trans-Pacific Partnership (TPP)12 will benefit from Taiwan’s inclusion. He further analyzes the comparative advantage of US services trade and the potential opportunity for the United States to exploit those markets of these four perspective new members.

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