A Study On The Impact Of TPP On Regional Economic Integration Of Asia-Pacific Area

Integration of international regional economic provided a model for economic cooperation in the Asia-Pacific region,which gave the chance for emerging economies to quickly join together to share economic achievement.TPP renewed after being taken over by Japan,which is considered a reshuffle of the economic structure in Asia-Pacific area.In order to response the "Asia-Pacific strategy" of USA,the ASEAN chose to actively implement RCEP for the purpose to consolidate and develop its position in the region.On the basis of clearing up the theory of regional integration,this paper studied TPP’s impact on regional economic integration in Asia Pacific area.Firstly,the article analyzed the possibilities of TPP’s future and concludes that there are three trends:South Korea joins only;China and South Korea join together;USA returns to TPP after participation of China and South Korea.Secondly,current situation of economic integration in the Asia-Pacific region would be analyzed,and the competition between TPP and RCEP has not changed,which means these two mechanisms will still affect the future development direction of Asia-Pacific regional economic integration.Then,7 situations would be set according to fate of TPP and RCEP.In different situations,we can get different results by using GTAP software and draw the conclusions that:South Korea is likely to join TPP,and China and the United States will not join TPP in short term,but there still is possibility for these two joining in the future,and the establishment of RCEP is the best way for China to response the threat of TPP.Therefore,there are some suggestions for China:establish RCEP as soon as possible and pay attention to TPP’s trend;maintain the construction of free trade zones and protect the domestic market;promote competitive industries and upgrade of weak industries.