The Role of the USA and Japan in the Trans-Pacific Partnership

S. V. Emelianov () and K. O. Chudinova ()

International Trade and Trade Policy, issue 1

Abstract: At the beginning of the XXI century the integration processes between the countries of the Asia-Pacific Region have been developing intensively. In October 2015 the final agreement on the Trans-Pacific Partnership (TPP) was reached between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, Vietnam. TPP is designed as the largest free trade area in the Asia-Pacific Region. The US-Japanese economic relations have determined to a large extent the development of the regional economies, and the future of regional integration depends heavily on the stand of the United States and Japan. TPP is an agreement that covers a wide range of issues related to trade liberalization in the region, including the issues of economic development. The combined GDP of 12 member economies amounts to almost 40% of the world GDP. And three-quarters of this economic power are provided by the two countries, whose economies are interlaced with one another - the US and Japan.

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