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Abstract
Trans-Pacific Partnership Agreement, or TPP for short, is a Free Trade
Agreement that initiated by four small open economies to promote trade
and investment liberalization. But with the joining of American and Japan,
TPP expanded rapidly, and caught the experts and scholars ’widespread
attention.
By analyzing the background and the content of TPP, we found that TPP
is a high-standard, wide-scope and open complex Free Trade Agreement.
Requirements of TPP on government procurement, intellectual property
right, labor and environmental protection are very strict. After 19 rounds
of negotiation, reviewing the development history of TPP, it seems that
the strategies of TPP are following the pattern that from small country to
big country, from point to plane and from abstract to specific. However,
the characteristics of high-standard and high-quality as well as some
sensitive subjects made it come to a deadlock and reached an impasse.
Now, all the members are trying to resolve these differences, making joint
effort to reach the agreement, so this paper think in the future, TPP will fit
the need of the global economic development, broad its coverage,
reconclie all the aspects and devise a trade rule with mutual benefits to
make the global trade more open, more transparent and more convenient.
Moreover, this paper also investigate the political and economic impact
on American, Japan, Asian-Pacific region as well as the regional
economic integration. By comparing the advantages and disadvantages of
joining TPP, we found that it brings more opportunities to China.
Although joinging TPP still not on the plan, but in the long run, this paper
suggest at the right moment that meet the requirements for promoting free
trade, China will join TPP, face the challenges that TPP b
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