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An insight into trade patterns in HDD industry between CPTPP countries

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also termed as TPP-11, is a mega-regional trade agreement signed by Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam on 8 March 2018 and effective since the 30 December 2018. The CPTPP is an advanced, intrusive deal covering issues as trade in goods and services, customs administration, trade facilitation, investment, telecommunications, government procurement, intellectual property, environment, transparency and anti-corruption measures. According to Baldwin (2014), trade regionalism of the 21 century is aimed at enhancing the expansion of the global value chains (GVCs), therefore, hard disk drive (HDD) industry is selected due to its network orientation. Participation in quick, high frequency GVCs in ICT-related machinery industries impacts trade patterns of countries and regions, starting with the largest CPTPP economy in nominal terms – Japan. The research objective of the paper is to make a review of bilateral trade statistics in eight 6-digit HS tariff codes in HDD industry between selected CPTPP countries and to identify trade patterns using the Grubel-Lloyd and Balassa formulas. An analytical part is preceded by literature review concerning phenomena of trade regionalism, intra-industry trade and production networks.