East Asian Economic Regionalization

Abstract

Because USA had decided to withdraw TPP and WTO multilateral negotiations had bogged down, the two sides’ unbalanced relationship (China and USA), and East Asian region is increasingly important, making regional integration in Asia has become a trend and the construction of FTA with many closed countries is a critical policy objective. The first one is large-scale integration agreement with the US-led Trans-Pacific Partnership Agreement (TPP) and the other is ten countries of ASEAN Regional Comprehensive Economic Partnership Agreement document (RCEP). Also, other FTA such as those between China and South Korea, or China, Japan and South Korea, are making impacts in the global economy. In this complicated situation, China, as well as Taiwan, needs to develop its East Asian growth strategy to get stronger in the near future.

Keywords: WTO, TPP, RCEP, FTA, One Belt One Road, TTIP