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The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment

By Peter A. Petri, Michael G. Plummer, Fan Zhai
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By Peter A. Petri, Michael G. Plummer, Fan Zhai
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While global trade negotiations remain stalled, two tracks of trade negotiations in the Asia-Pacific—the proposed Trans-Pacific Partnership (TPP) agreement and a parallel Asian track—could generate momentum for renewed liberalization and provide pathways to region-wide free trade. This book investigates what these trade negotiations could mean to the world economy. Petri, Plummer, and Zhai estimate that world income would rise by $295 billion per year on the TPP track, by $766 billion if both…

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