Global Economics Monthly: Five Myths about TPP
April 30, 2013
The decision to welcome Japan into the Trans-Pacific Partnership (TPP) promises to be transformative, not only for the world’s third-largest economy (see March 2013 Global Economics Monthly), but also for the trade negotiations themselves. With Japan included, TPP will now cover nearly 40 percent of the world economy, and the group will have another champion of high-standard, 21st century rules at the table—albeit a complex one. Given the higher stakes, and with less than six months remaining until the October deadline for completing an agreement, this is a good time to dispel a few popular myths surrounding TPP and U.S. economic strategy in Asia.