Unveil TPP: an analysis based on the full text‍

DONG Yan1 SU Qingyi1

(1.Institute of World Economics and Politics, Chinese Academy of Social Sciences)

【Abstract】This paper studies the full text of Trans-Pacific Partnership (TPP) published on November 5 of 2015, and makes systematic analysis from the perspective of breadth, depth and new concept. First, through making comparison with FTAs signed by the United States with economies in the Asia-Pacific region, and with FTAs signed by other economies in the region, this paper analyzes the extension of TPP text’s chapters. Second, this paper discusses the classification methods of TPP chapters, and classifies the TPP chapters as four categories: deepening traditional topics, deeper integration, new topics, and other institutional topics. Besides, this part discusses the depth of TPP issues. Thirdly, this paper summarizes four new concepts based on text analysis: generalize US idea on international trade and investment rules, respond to the demand for changes of global value chains on global trade governance, consider the interests of multinational corporations and small- and medium-sized enterprises (SMEs), give priority to US interests while taking into account the other members’ interests. Finally, this paper analyzes the comprehensive impact of TPP rules on China and give suggestions about China’s countermeasures.

【Keywords】 TPP; free trade agreement; text analysis; new international trade rules;

【DOI】

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(Translated by CUI Zhanwen)

    Footnote

    [1]. [1] https://ustr.gov/trade-agreements/free-trade-agreements/trans-pacific-partnership/tpp-full-text. [^Back]

    [2]. [2] Dong, Y., Feng, W. & Qiu, W. Contemporary Asia-Pacific (当代亚太), (4): 111–137 (2009). [^Back]

    [3]. [3] https://ustr.gov/trade-agreements/free-trade-agreements. [^Back]

    [4]. [1] http://fta.apec.org/search.aspx. [^Back]

    [5]. [2] Initial terms and general definitions, regulatory and institutional provisions, exceptions and final clauses are not included in the Asia Pacific FTA database, but all FTAs, including TPP, comprise these four issues [^Back]

    [6]. [1] Dong, Y. International Economic Review (国际经济评论), (1): 45–64 (2014). [^Back]

    [7]. [1] It should be noted that we only make objective summary without providing subjective judgments whether these concepts are “positive” or “negative.” [^Back]

    [8]. [1] Wu, Y. & Ye, M. Truth Seeking (求实), (11): 120–121 (2003). [^Back]

    [9]. [2] Ni, J. China Today Forum (今日中国论坛), (1): 29 – 31 (2009). [^Back]

    [10]. [1] Baldwin, Richard and Lopez-Gonzalez, Javier, “Supply-Chain Trade: A Portrait of Global Patterns and Several Testable Hypotheses”, NBER Working Paper No.18957, April 2013; Johnson, Robert C. and Noguera, Guillermo, “Fragmentation and Trade in Value Added over Four Decades”, NBER Working Paper No.18186, June 2012. [^Back]

    [11]. [1] Diakantoni, Antonia and Hubert, Escaith, “Trade in Tasks, Tariff Policy and Effective Protection Rates,” WTO Staff Working Paper ERSD-2014-22, December 2014. [^Back]

    [12]. [2] The level of openness in New Zealand is similar to that of Australia. Therefore, even if New Zealand’s table of tariff concession is not analyzed, its zero tariff proportion will be over 90% after the first year of the TPP implementation. That is to say, there are seven member states with more than 90% proportion of zero tariffs, including Singapore, where all its products have zero tariff. [^Back]

This Article

ISSN:1007-0974

CN: 11-3799/F

Vol , No. 01, Pages 37-57+5

January 2016

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Article Outline

Abstract

  • 1 Extension of TPP texts in width
  • 2 The deepening of TPP content and new rules
  • 3 New concepts in TPP text
  • 4 The comprehensive effects of TPP on China and China’s countermeasures
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