The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment

Peter A. Petri, Michael G. Plummer and Fan Zhai
Additional contact information
Peter A. Petri: Peterson Institute for International Economics

in Peterson Institute Press: All Books from Peterson Institute for International Economics

Abstract: While global trade negotiations remain stalled, two tracks of trade negotiations in the Asia-Pacific—the proposed Trans-Pacific Partnership (TPP) agreement and a parallel Asian track—could generate momentum for renewed liberalization and provide pathways to region-wide free trade. This book investigates what these trade negotiations could mean to the world economy. Petri, Plummer, and Zhai estimate that world income would rise by $295 billion per year on the TPP track, by $766 billion if both tracks are successful, and by $1.9 trillion if the tracks ultimately combine to yield region-wide free trade. They find that the tracks are competitive initially but their strategic implications appear to be constructive: the agreements would generate incentives for enlargement and mutual progress and, over time, for region-wide consolidation. The authors conclude that the crucial importance of Asia-Pacific integration argues for an early conclusion of the TPP negotiations, but without jeopardizing the prospects for region-wide or even global agreements based on it in the future.

Date: 2012
ISBN: 978-0-88132-664-2
Note: Policy Analyses in International Economics 98
References: Add references at CitEc
Citations: View citations in EconPapers (83)

Downloads: (external link)
https://www.piie.com/bookstore/trans-pacific-partn ... ntitative-assessment (text/html)

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:iie:ppress:6642

Access Statistics for this book

More books in Peterson Institute Press: All Books from Peterson Institute for International Economics 1750 Massachusetts Ave., NW, Washington, DC. Contact information at EDIRC.
Bibliographic data for series maintained by Peterson Institute webmaster ().