The	Comprehensive	and	Progressive	Agreement	for	Trans-Pacific	Partnership:	Implications	for	Southeast	Asia	(The	Economics	of	the	CPTPP	and	RCEP:	Asia	Pacific	Trade	Agreements	without	the	United	States)
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership: Implications for Southeast Asia (The Economics of the CPTPP and RCEP: Asia Pacific Trade Agreements without the United States)

by Peter A Petri ; Michael G Plummer ; Shujiro Urata ; Fan Zhai

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement involving major countries across the Asia Pacific region. The trade pact, which entered into force on 30 December 2018, is considered by many to be the 'gold standard', given its ambitious scope and depth. This volume offers multi-dimensional insights into the CPTPP and its impact on Southeast Asia. It begins with broad analyses covering the historical, economic and geopolitical aspects of the CPTPP. Subsequent chapters focus on the nature and implications of three key path-breaking provisions in the trade agreement, namely investor-state dispute settlement, intellectual property rights and state-owned enterprises. The effect of the CPTPP on Southeast Asia in terms of regional production networks is also examined from the perspective of Japanese multinational enterprises. The potential economic impact of the agreement is analysed for member countries (Vietnam and Malaysia) as well as countries that aspire to join the CPTPP in the future (Indonesia and Thailand). 

"The world trading system is in disarray: the World Trade Organization has been weakened, perhaps terminally; the world’s two economic superpowers are locked in deep, politicized disputes; the forces of populism and nationalism are everywhere complicating the return to a more liberal, rules-based order. These trends are challenging one of the building blocks of ASEAN economic development, namely these countries’ outward-looking trade and investment policies. With impeccable timing this important volume by a group of eminent authors assesses these issues with reference to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The CPTPP excludes the three largest traders—China, the EU and the US—but it is a welcome second-best initiative that may have broader, positive ripple effects. 
This is the volume to read to gain a deeper understanding of the many complex issues at play." 

Hal Hill, H.W. Arndt Professor Emeritus of Southeast Asian Economies, College of Asia & the Pacific, Australian National University

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Product Details

  • Publisher : ISEAS-Yusof Ishak Institute
  • Product Code : 9789814818889C02

About Author

Peter A Petri ; Michael G Plummer ; Shujiro Urata ; Fan Zhai

Peter A. Petri is Carl J. Shapiro Professor of International Finance, Brandeis International Business School, Brandeis University, USA. ; Michael G. Plummer is Director of SIAS Europe and Eni Professor of International Economics, School of Advanced International Studies – Europe, Johns Hopkins University, Italy. ; Shujiro Urata is Professor at the Graduate School of Asia-Pacific Studies, Waseda University, Japan. ; Fan Zhai is Executive Advisor and Chief Economist, Everglory Group, China.