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Trade Implications of the Trans-Pacific Partnership for ASEAN and Other Asian Countries

Author

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  • Alan V. Deardorff

    (University of Michigan)

Abstract

The Trans-Pacific Partnership (TPP) aspires to become a state-of-the-art trade agreement linking 12 countries on both sides of the Pacific. In addition to establishing a Free Trade Agreement (FTA) among these countries, negotiators are pursuing a long list of other issues, both trade-related and non-trade related. This paper examines the likely effects of the TPP on trade alone, taking into account the fact that all of the potential members of the TPP are already participants in other FTAs. Using information from the World Trade Organization on the existence of these FTAs, plus data on the identities of countriesÕ major trading partners for both exports and imports, I discuss the likely effects on a list of countries in terms of trade creation, trade diversion, and the reversal of trade diversion that has already occurred due to existing FTAs. The list of countries includes all of the members of the TPP as well as of ASEAN. In addition it includes ten additional Asian economies that are not part of either.

Suggested Citation

  • Alan V. Deardorff, 2013. "Trade Implications of the Trans-Pacific Partnership for ASEAN and Other Asian Countries," Working Papers 638, Research Seminar in International Economics, University of Michigan.
    • Handle: RePEc:mie:wpaper:638
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    File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers576-600/r638.pdf
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    Cited by:

    1. Joshua K. Hausman & Johannes F. Wieland, 2014. "Abenomics: Preliminary Analysis and Outlook," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 1-76.
    2. Alan V. Deardorff & Rishi R. Sharma, "undated". "The Simple Analytics of Trade Creation and Diversion," Working Papers 670, Research Seminar in International Economics, University of Michigan.
    3. Prasetyono, Pipin & Wibowo, Agung, 2016. "Should Indonesia join the Trans-Pacific Partnership?," MPRA Paper 97786, University Library of Munich, Germany.
    4. Coulibaly, Adama Ekberg & El Helepi, Medhat & Chikhuri, Krishna & Ali, Tariq, 2016. "The Doha agenda: What’s in it for Africa, and what next for secured development outcomes and fast integration imperatives?," Conference papers 332770, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Paramita Dasgupta & Kakali Mukhopadhyay, 2017. "The impact of the TPP on selected ASEAN economies," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 6(1), pages 1-34, December.
    6. Hiro Lee & Ken Itakura, 2015. "Applied General Equilibrium Analysis of Mega-Regional Free Trade Initiatives in the Asia-Pacific," OSIPP Discussion Paper 15E001, Osaka School of International Public Policy, Osaka University.
    7. Kawai, Masahiro & Naknoi, Kanda, 2015. "ASEAN Economic Integration through Trade and Foreign Direct Investment: Long-Term Challenges," ADBI Working Papers 545, Asian Development Bank Institute.
    8. Masahiro Kawai & Kanda Naknoi, 2017. "ASEAN’s TRADE AND FOREIGN DIRECT INVESTMENT: LONG-TERM CHALLENGES FOR ECONOMIC INTEGRATION," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(03), pages 643-680, June.
    9. Michael, Bryane, 2017. "The Effect of Competition Law on Brunei’s Small and Medium Enterprises," EconStor Preprints 169114, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

    Trans-Pacific Partnership; Free Trade Agreements; Regional Trade Agreements;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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