Guest Blog: The Australian View of the TPP and the RCEP

Many Australians support the United States in its endeavor to advance Trans-Pacific Partnership (TPP) negotiations. To Australia, the TPP is seen as a framework setting exercise for Asia’s economic relations. Supporters also favor Chinese participation in the TPP, hoping China will enhance its integration in the Asia-Pacific while American trade pivots to Asia. However many argue that Washington is its own worst enemy in the project.They claim that Americans cannot expect other TPP partners to go further on investment rules, government procurement, and intellectual property rights protections without agreeing to revisit U.S. market access barriers. If the United States fails to revisit such barriers Australia may turn towards its fallback options, one of which is the ASEAN + 6 Regional Comprehensive Economic Partnership (RCEP) project. Read more: