President Barack Obama travels to Honolulu to meet with the 21-nation Asia-Pacific Economic Cooperation bloc. The president hopes to advance a trade deal few know about but that could shape the future of U.S. commerci...President Barack Obama travels to Honolulu to meet with the 21-nation Asia-Pacific Economic Cooperation bloc. The president hopes to advance a trade deal few know about but that could shape the future of U.S. commercial relations overall, and with fast-growing展开更多
After President Donald Trump s ill-advised pullout from the Trans-Pacific Partnership(TPP)and despite the absence of the US,the remaining 11 Asian and Pacific countries agreed on a deal,renamed the Comprehensive and P...After President Donald Trump s ill-advised pullout from the Trans-Pacific Partnership(TPP)and despite the absence of the US,the remaining 11 Asian and Pacific countries agreed on a deal,renamed the Comprehensive and Progressive Agreement for Transpacific Partnership(CPTPP).The accord took effect on 30 December 2018 and provides rigorous,up-to-date rules for Asia-Pacific trade,but excludes the region s two biggest economies:the US and China.In this paper,we calculate that Chinese membership in the CPTPP would yield large economic and political benefits to China and other members.The CPTPP,in its current form,would generate global income gains estimated at US$147bn annually.If China were to join,these gains would quadruple to US$632bn,or a quarter more than in the original TPP with the US.But to join the CPTPP,China would have to undertake unprecedented reforms and manage complex political challenges.展开更多
As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computabl...As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the Transatlantic Trade and Investment Partnership （TTIP） and the Trans- Pacific Partnership （TPP） on the Chinese economy under three scenarios. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and the TPP are realized and China is excluded, the combined damage to the Chinese economy is higher than the damage with the TTIP alone. However, the inclusion of China in the TPP has a positively effect on economic variables in China. This indicates that the impacts of China ＇s participation in the TPP compensate for the negative impacts of the TTIP. Therefore, China should consider being part of the TPP to offset the negative impacts of the TTIP.展开更多
文摘President Barack Obama travels to Honolulu to meet with the 21-nation Asia-Pacific Economic Cooperation bloc. The president hopes to advance a trade deal few know about but that could shape the future of U.S. commercial relations overall, and with fast-growing
文摘After President Donald Trump s ill-advised pullout from the Trans-Pacific Partnership(TPP)and despite the absence of the US,the remaining 11 Asian and Pacific countries agreed on a deal,renamed the Comprehensive and Progressive Agreement for Transpacific Partnership(CPTPP).The accord took effect on 30 December 2018 and provides rigorous,up-to-date rules for Asia-Pacific trade,but excludes the region s two biggest economies:the US and China.In this paper,we calculate that Chinese membership in the CPTPP would yield large economic and political benefits to China and other members.The CPTPP,in its current form,would generate global income gains estimated at US$147bn annually.If China were to join,these gains would quadruple to US$632bn,or a quarter more than in the original TPP with the US.But to join the CPTPP,China would have to undertake unprecedented reforms and manage complex political challenges.
文摘As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the Transatlantic Trade and Investment Partnership （TTIP） and the Trans- Pacific Partnership （TPP） on the Chinese economy under three scenarios. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and the TPP are realized and China is excluded, the combined damage to the Chinese economy is higher than the damage with the TTIP alone. However, the inclusion of China in the TPP has a positively effect on economic variables in China. This indicates that the impacts of China ＇s participation in the TPP compensate for the negative impacts of the TTIP. Therefore, China should consider being part of the TPP to offset the negative impacts of the TTIP.
