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Japan’s Possible Entry Into the Trans-Pacific Partnership and Its Implications (CRS report)

The TPP is the leading US trade policy initiative of the Obama Administration and a core component of Administration efforts to “rebalance” US foreign policy priorities toward the Asia-Pacific region by playing a more active role in shaping the region’s rules and norms. As the second-largest economy in Asia, the third-largest economy in the world, and a key link in global supply/production chains, Japan’s participation would be pivotal to enhancing the credibility and viability of the TPP as a regional free trade arrangement.

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