The Trans-Pacific Partnership (TPP) is strategically significant for U.S. re-engagement with East Asia and is a concrete response to the perception of U.S. decline in the region in light of Chinese economic power and regional ambition.
For TPP members and potential members, the multilateral agreement reflects a consolidation of pre-existing economic ties, priorities and aspirations to promote freer trade in a dynamic region.
If new members truly adopt free trade, the TPP will be a diplomatic triumph for the United States and a courteous reminder to Beijing that the U.S. has no intention of leaving the Asia-Pacific.