Ms. Wendy Cutler and Mr. Clete Willems will discuss their new report titled “Reimagining the TPP: Revisions that Could Facilitate U.S. Reentry”, which aims to start a meaningful conversation about potential U.S re-entry into the CPTPP. According to the report, since the United States withdrew from the Trans-Pacific Partnership (TPP) in 2017, the trade deal developments in the Asia-Pacific region and the Chinese forceful assertion of its economic and national security interests have increased the urgency for the United States to step up its economic engagement in the world’s fastest-growing region. A return to CPTPP would provide an immediate boost to U.S. economic competitiveness and geopolitical influence. However, many concerns about the original TPP are legitimate and U.S. trade policy views have shifted since the agreement was concluded. The authors provide recommendations for improvements and updates to the agreement that are needed to meet U.S. economic interests and facilitate U.S. re-entry.
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