An Evaluation of Korea’s Accession to CPTPP in the Era of Economic Security

Purpose: This study evaluates the economic security implications of Korea’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Research design, data, and methodology: Through a literature review, this paper examines the international trade environment as characterized by weakening of the multilateral trading system, the expansion of global protectionism, intensified U.S.-China strategic competition, disruptions in global supply chains, and the reconfiguration of supply chains in the Asia-Pacific region. Results: Accession to the CPTPP could contribute to the stabilization of Korea’s supply chains in the Asia-Pacific region by advancing market liberalization, attracting investment, introducing advanced standards for customs, enhancing global competitiveness, and diversifying the procurement of intermediate goods. In particular, the CPTPP’s robust rules of origin could offer regional companies’ some flexibility in managing global supply chains. Conclusions: The Korean government needs to expedite the accession process by actively engaging the National Assembly, potentially affected industries, and the general public through positive promotional efforts. It is important to advance the preliminary dialogues with CPTPP member countries. Korea should also develop a strategy that maximizes its negotiating leverage.