№87: Consequences of the U.S. Withdrawal from the Trans-Pacific Partnership Cover Image

№87: Consequences of the U.S. Withdrawal from the Trans-Pacific Partnership
№87: Consequences of the U.S. Withdrawal from the Trans-Pacific Partnership

Author(s): Marek Wąsiński, Damian Wnukowski
Subject(s): Supranational / Global Economy, International Law, Governance, International relations/trade, Geopolitics
Published by: Polski Instytut Spraw Międzynarodowych
Keywords: United States; Donald Trump; Trans-Pacific Partnership; free trade agreement; geopolitics; international trade;
Summary/Abstract: Donald Trump, at the beginning of his presidency, decided to withdraw the United States from the Trans-Pacific Partnership, a 12-nation free trade agreement signed in 2016. By this act, the U.S. has lost a very important economic and geopolitical tool in the Asia-Pacific region. Although there are chances that the remaining 11 countries will ratify the agreement without the U.S., it is much less significant and most probably will not be a template for future trade agreements as planned. As a result, the leadership of regional integration may fall to China, which perceived TPP as part of a U.S. containment strategy. At the same time, the EU can benefit from the disarray by pursuing its own trade agenda in the Asia-Pacific region.

  • Page Count: 6
  • Publication Year: 2017
  • Language: English