RCEP versus TPP with the Trump Administration in the USA and Implications for East Asian Economic Cooperation

Sang Chul Park ()
Additional contact information
Sang Chul Park: Graduate School of Knowledge based Technology and Energy, Korea Polytechnic University, South Korea

Entrepreneurial Business and Economics Review, 2017, vol. 5, issue 4, 135-152

Abstract: Objective: The objective of this article is to evaluate the two mega FTAs, namely RCEP and TPP in the Asia Pacific region in general and the new trends and directions of these mega FTAs with Trump Administration in the USA in particular. Moreover, it estimates implications for East Asian Economic cooperation. The article deals with possible impacts on the US withdrawal from TPP and post TPP visions. Furthermore, it also analyses what implications can be provided for East Asian economic cooperation. Research Design & Methods: In order to meet the research targets, various methods are used, such as the method of critical analysis of literature, the inference method, and the method of statistical analysis, which include quantitative and qualitative analyses. Findings: While investigating regional economic integration between RCEP and TPP with the member states, it is visible that the majority of the member states in the two mega FTAs are more dependent on RCEP than on TPP. It means that RCEP can generate more economic benefits to the member states in the region than TPP in the long run. Implications & Recommendations: It implicates that RCEP can play important roles in shaping new trade governance in the Asia Pacific region which could establish Asia Pacific Free Trade Agreement (APFTA). Contribution & Value Added: The originality of this work lies in exploring the two mega FTAs in the Asia Pacific region, how they have competed with each other and implemented their national trade strategies.

Keywords: Mega FTA; protectionism; economic growth; FTA strategy; economic cooperation (search for similar items in EconPapers)
JEL-codes: C33 F21 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eber.uek.krakow.pl/index.php/eber/article/download/314/pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:krk:eberjl:v:5:y:2017:i:4:p:135-152

Ordering information: This journal article can be ordered from

Access Statistics for this article

Entrepreneurial Business and Economics Review is currently edited by Krzysztof Wach, PhD, hab.

More articles in Entrepreneurial Business and Economics Review from Centre for Strategic and International Entrepreneurship at the Cracow University of Economics. EBER Journal Cracow University of Economics Faculty of Economics and International Relations Centre for Strategic and International Entrepreneurship ul. Rakowicka 27 31-510 Krakow Poland. Contact information at EDIRC.
Bibliographic data for series maintained by Piotr Stanek, PhD. ().