Free Trade Agreements(FTAs)in East Asia: Past Trend and Current SituationFree Trade Agreements • March 18th, 2023
Contract Type FiledMarch 18th, 2023Two decades have passed since the formation of a region-wide FTA in East Asia began to be dis- cussed. Two major initiatives, the Trans-Pacific Partnership(TPP)and the Regional Comprehensive Economic Partnership(RCEP), began to be negotiated, but neither has yet to be enacted, largely because of the opposition by a group of people who would be affected negatively by market opening. Strong polit- ical will of the leaders for establishing a region-wide FTA and appropriate policies to deal with potential losers are needed to successfully realize a region-wide FTA.