The Trans-Pacific Partnership

A Quest for a Twenty-first Century Trade Agreement

Report

More on:

Trans-Pacific Partnership (TPP)

Trade

Competitiveness

Overview

The Trans-Pacific Partnership (TPP) talks represent an attempt to link together at least nine countries in three continents to create a "high-quality, twenty-first century agreement." Such an agreement is intended to open markets to more competition than ever before between the partners in sectors ranging from goods and services to investment, and includes rigorous rules in the fields of intellectual property, labour protection and environmental conservation. The TPP also aims to improve regulatory coherence, enhance production supply chains and help boost small and medium-sized enterprises. It could transform relations with regions such as Latin America, paving the way to an eventual Free Trade Area of the Asia-Pacific, or see innovations translated into the global trade regulatory system operating under the WTO. However, given the tensions between strategic and economic concerns, the final deal could still collapse into something closer to a standard, "twentieth century" trade agreement.

Thomas J. Bollyky
Thomas J. Bollyky

Senior Fellow for Global Health, Economics, and Development and Director of the Global Health Program

In his chapter, "Regulatory Coherence in the TPP Talks," CFR Senior Fellow Thomas J. Bollyky examines the pending TPP regulatory coherence negotiations, focusing on the role of domestic regulation in international trade, the evolution of regulatory coherence, provisions that would best achieve the goals of regulatory coherence, and the likely outcome of the TPP talks in this area.

More on:

Trans-Pacific Partnership (TPP)

Trade

Competitiveness

Top Stories on CFR

China

As China’s power continues to grow, some fear that the considerable autonomy Hong Kong has enjoyed over the last three decades could slip away.

Conflict Prevention

The trade war, fallout from COVID-19, and increased military activity raise the risk of conflict between the United States and China in the South China Sea. Oriana Skylar Mastro offers nine recommendations for ways the United States can prevent or mitigate a military clash. 

China

China is undertaking massive infrastructure projects across the world and loaning billions of dollars to developing nations. On paper, the objective is to build a vast trade network, but is China also exporting authoritarianism?