China and the Trans-Pacific Partnership Agreement: Misfit or Missed Opportunity?

Bala Ramasamy () and Matthew C.H. Yeung

Agenda - A Journal of Policy Analysis and Reform, 2016, vol. 23, issue 1, 73-88

Abstract: If it eventuates the Trans-Pacific Partnership agreement (TPP) will include major economic powerhouses like the US and Japan, but China - the elephant in the room - has been excluded. Our evaluation of how China might fare in the TPP finds that the agreement would be a poor fit at the current stage of China's economic development. Although China would gain both in terms of trade and a reform timetable, some features of this 21st-century agreement - the assistance given to state-owned enterprises, the standards for labour rights, protection of multinationals against the state and competition laws - would be stumbling blocks in the negotiation process. Thus, being left out of the TPP is no big loss for China.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:acb:agenda:v:23:y:2016:i:1:p:73-88

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