The TPP and East Asian Economic Community 2020: Integration or Disintegration?

Min He
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Min He: China Foreign Affairs University

The Northeast Asian Economic Review, 2017, vol. 5, issue 1, 43-52

Abstract: This paper discusses the impact of the TPP, which was finally agreed upon on October 5, 2015, to the East Asian Economic Community 2020 building process. The results are that, as a higher standard trade agreement, the TPP will contribute to the economic growth and domestic reform agenda of East Asian countries through freer trade and investment. However, it will disunite ASEAN countries, reduce China's influence and prevent exclusive regional cooperation in East Asia, and result in a "stumbling block" currently for the EAEC 2020 building process. Therefore, in order to re-rebalance both the economic and political powers in and across the East Asia, the CJKFTA and RCEP negotiation should be concluded as soon as possible, and the ASEAN centrality should be further substantiated. Furthermore, an EAEC 2020 blueprint is needed to strengthen the consensus of building an East Asia Community. It will be helpful to promote all-round functional cooperation to share more common interests and benefits in the region.

Keywords: EAEC 2020; TPP; EAC; CJKFTA; RCEP (search for similar items in EconPapers)
Date: 2017-03
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