Global trends: TPP holds key for developments in Asia-Pacific

Manila, Nov. 18, 2015: Japanese Prime Minister Shinzo Abe (C) and his peers from 11 other Pacific Rim countries meet to discuss the Trans-Pacific Partnership free trade agreement (source: dpa)
Manila, Nov. 18, 2015: Japanese Prime Minister Shinzo Abe (C) and his peers from 11 other Pacific Rim countries meet to discuss the Trans-Pacific Partnership free trade agreement (source: dpa)

East Asia’s geopolitical future over the next 18 to 24 months will hinge on whether the Trans-Pacific Partnership (TPP) trade pact is implemented as planned. Last year 12 countries – including Japan and the United States, but excluding South Korea and China – concluded talks on the text of the agreement. However, the deal still faces several hurdles, not least of which is approval by the U.S. Congress. Whether it gives its consent could mean the difference between a formidable, American-led economic bloc in the Pacific Rim or a tangled web of complex multilateral trade deals across the region for years to come.

<i>This report is part of GIS’s “Global Trends” series, which aims t...

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