Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Implications for the Asia-Pacific Region

Abstract

The chapter examines the implications of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the Asia-Pacific region from both the economic and geopolitical perspectives. This free trade agreement is a replacement of the previously negotiated Trans-Pacific Partnership (TPP) after the US withdrawal. To salvage the TPP from demise, the remaining 11 signatories agreed to proceed with this trade bloc to form the CPTPP. The CPTPP is a modified version of the TPP that was negotiated by the original participating countries. The analysis presents four possible future scenarios for the CPTPP in terms of both threats and opportunities for the Asia-Pacific region.