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China and the Trans-Pacific Partnership Agreement: Misfit or Missed Opportunity?

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Listed:
  • Bala Ramasamy
  • Matthew C.H. Yeung
Abstract
If it eventuates the Trans-Pacific Partnership agreement (TPP) will include major economic powerhouses like the US and Japan, but China - the elephant in the room - has been excluded. Our evaluation of how China might fare in the TPP finds that the agreement would be a poor fit at the current stage of China's economic development. Although China would gain both in terms of trade and a reform timetable, some features of this 21st-century agreement - the assistance given to state-owned enterprises, the standards for labour rights, protection of multinationals against the state and competition laws - would be stumbling blocks in the negotiation process. Thus, being left out of the TPP is no big loss for China.

Suggested Citation

  • Bala Ramasamy & Matthew C.H. Yeung, 2016. "China and the Trans-Pacific Partnership Agreement: Misfit or Missed Opportunity?," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 23(1), pages 73-88.
    • Handle: RePEc:acb:agenda:v:23:y:2016:i:1:p:73-88
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    References listed on IDEAS

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    1. C. Fred Bergsten & Gary Clyde Hufbauer & Sean Miner & Tyler Moran, 2014. "Bridging the Pacific: Toward Free Trade and Investment between China and the United States," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6918, April.
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    3. de Jong, Eelke & Bogmans, Christian, 2011. "Does corruption discourage international trade?," European Journal of Political Economy, Elsevier, vol. 27(2), pages 385-398, June.
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