Download this Paper Open PDF in Browser

Japan's Participation in TPP Negotiation: Prospect and Policy Implications for Korea

8 Pages Posted: 5 Sep 2013 Last revised: 24 Oct 2013

Gyupan Kim

Korea Institute for International Economic Policy

Date Written: May 6, 2013

Abstract

Since March 2010, the Trans-Pacific Strategic Economic Partnership Agreement (TPP) negotiations have been taking place, where members have expanded into the 11 Asia-Pacific countries from the original Pacific 4 (P4: Singapore, New Zealand, Chile, and Brunei). The P4 has rooted in the P5, where the United States initiated the liberalization of trade and investment among only P5 countries (the United States, Australia, Singapore, New Zealand, and Chile) to overcome the limits of APEC’s open regionalism in the late 1990s.

However, the United States and Australia could not join the negotiations because of their respective domestic political problems. The current TPP negotiation is said to have been formally launched in March 2010 when the United States joined the P4 with Australia, Peru, and Vietnam. Meanwhile, Malaysia was approved to participate in the TPP negotiations since October 2010; Canada and Mexico joined in December 2012. The current 11 TPP negotiating countries aim to reach the framework agreement until the APEC summit that will be held in October 2013 in Bali, Indonesia, and the final agreement until the end of 2013. The TPP, as a part of the Free Trade Area of the Asia-Pacific (FTAAP), has been known as an open and multilateral FTA that aims to be a comprehensive and a highly liberalized agree-ment among the 21 APEC countries.

Keywords: TPP, Japan's FTA strategy

Suggested Citation

Kim, Gyupan, Japan's Participation in TPP Negotiation: Prospect and Policy Implications for Korea (May 6, 2013). KIEP Research Paper No. World Economy Update 13-21. Available at SSRN: https://ssrn.com/abstract=2320950 or http://dx.doi.org/10.2139/ssrn.2320950

Gyupan Kim (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Paper statistics

Downloads
132
Rank
182,772
Abstract Views
624