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Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership: Policy Options of China

Author

Listed:
  • Buhara Aslan
  • Merve Mavus Kutuk
  • Arif Oduncu

Abstract

As a result of deadlocked multilateral trade negotiations, many countries have commenced to establish bilateral and regional trade agreements. Among those agreements the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) are agreements with members from across the Atlantic and the Pacific respectively. This study focuses on the impacts of these agreements on Chinese economy under three scenarios by using the Global Trade Analysis Project database and a computable general equilibrium model. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and TPP are realized and China is excluded, the combined damage in Chinese economy is higher than the damage of the TTIP alone. On the other hand, inclusion of China in the TPP results in positively affected economic variables. In other words, positive impacts of participation of China in the TPP compensate for the negative impacts of the TTIP.
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Suggested Citation

  • Buhara Aslan & Merve Mavus Kutuk & Arif Oduncu, 2015. "Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership: Policy Options of China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(6), pages 22-43, November.
    • Handle: RePEc:bla:chinae:v:23:y:2015:i:6:p:22-43
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    File URL: http://hdl.handle.net/10.1111/cwe.2015.23.issue-6
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    References listed on IDEAS

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    8. Kenichi Kawasaki, 2003. "The Impact of Free Trade Agreements in Asia," Discussion papers 03018, Research Institute of Economy, Trade and Industry (RIETI).
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    Cited by:

    1. Seda Ekmen Ozcelik, 2018. "The Potential Effects of TPP, TTIP and Trump's Tariffs on China's Competitiveness in the US Market," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(2), pages 95-115, December.
    2. Yuhong Sun & Yifei Mu & Yang Jun, 2016. "An Analysis of Interaction Effects of China–South Korea and China– Australia FTAs and the Expanding TPP," Naše gospodarstvo/Our economy, Sciendo, vol. 62(4), pages 12-22, December.
    3. Beckman, Jayson & Arita, Shawn & Mitchell, Lorraine, 2015. "The Transatlantic Trade and Investment Partnership and Agriculture: A Quantitative Analysis," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205056, Agricultural and Applied Economics Association.

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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