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Thursday, November 21, 2024
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Olga Kiyan

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A Tale of Two TTPs

The United States’ withdrawal from the Trans-Pacific Trade Partnership did not hinder trade in the Asia-Pacific region — instead, the emergence of the TPP’s successor agreement signified a continued commitment by powers in the region to ensure trade liberalization. More importantly, the withdrawal weakened its strategic ties in the region and opened the door for countries like China to further increase their influence there.