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Reimagining the TPP: Revisions that Could Facilitate U.S. Reentry
Since the United States withdrew from the Trans-Pacific Partnership (TPP) in 2017, countries in the Asia-Pacific have actively concluded trade deals without the U.S. This includes China, which is a member of Regional Comprehensive Economic Partnership (RCEP) and has recently applied to join the TPP, now known as the CPTPP. These developments have increased the urgency for the United States to step up its economic engagement in the world’s fastest growing region. The Indo-Pacific Economic Framework for Prosperity (IPEF) is a useful step in this direction, but countries in the region are interested in more.

A return to CPTPP would provide an immediate boost to U.S. economic competitiveness and geopolitical influence. However, many concerns about the original TPP are legitimate and U.S. trade policy views have shifted since the agreement was concluded.

A new report by the Asia Society Policy Institute, Reimagining the TPP, aims to start a meaningful conversation about potential U.S re-entry into the CPTPP based on extensive consultations and important input from a broad range of trade experts, domestic stakeholders, and CPTPP members. It offers recommendations for improvements and updates to the agreement in 12 areas needed to meet U.S. economic interests which could potentially facilitate U.S. reentry.

Join the Asia Society Policy Institute (ASPI) for a virtual launch of Reimaging the TPP on December 12. Former Wall Street Journal Senior Editor Bob Davis will moderate a conversation with report co-authors Wendy Cutler, ASPI Vice President, and Clete Willems, partner at Akin Gump.

Dec 12, 2022 02:00 PM in Eastern Time (US and Canada)

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