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Economic Integration Efforts Press Onward in Asia-Pacific Region

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The past week has seen a series of regional integration efforts continue among Asia-Pacific economies, including a two-day summit among the signatories of the Trans-Pacific Partnership (TPP) and select other countries in the Chilean city of Viña del Mar, as well as meetings of other groupings on expanding trade and financial ties. Trade watchers and officials alike have been looking to the 14-15 March summit in Viña for giving some type of clarity on where the TPP may go following the US’ withdrawal from the pact, along with featuring discussions regarding other efforts at developing deeper ties within the region. US President Donald Trump withdrew his country from the TPP in January, shortly after taking office. However, his government had reportedly sent its ambassador to Chile, Carol Perez , to the meeting in Chile this week. (See Bridges Weekly, 9 February 2017 ) “This meeting in Chile will be the first opportunity that all of us will have coming together as TPP countries to talk about the future sans the United States,” said Australian Trade Minister Steven Ciobo on 9 March, previewing the Viña del Mar summit. Indeed, what shape the TPP may take going forward remains an open question,...

Tags: Regional Trade Agreements (RTAs), Pacific Alliance, Regional Trade Agreements (RTAs), Trans-Pacific Partnership (TPP)

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