Economics: Why Japan joining the Transpacific Partnership is so important

Japanese agriculture faces reform (photo:dpa)
Japanese agriculture faces reform (photo:dpa)

Japan's decision to begin discussions on joining the Transpacific Partnership is a hugely important step. Geopolitically it underlines America's dominant role in the region and if Japan joins it will create the world's biggest free-trade zone and take Japan into the age of globilisation.

JAPAN has made a key economic policy decision to join on-going talks about creating a Trans-Pacific Partnership (TPP).

Accession will have far-reaching implications for the political and business climate in Japan, as well as for the geostrategic power structure in the region. It will underscore the dominant role of the US in the region and check China’s ambitions.


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