Trans Pacific Partnership And Global Trade Governance
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Author | : Junji Nakagawa |
Publisher | : |
Total Pages | : 0 |
Release | : 2019 |
Genre | : |
ISBN | : 9780415713573 |
TPP (Trans-Pacific Partnership), currently under negotiation among 11 countries of the Asia Pacific region, would become a path-breaking free trade agreement (FTA) of the 21st century. This book is the first academic attempt to locate the TPP within the broad context of the changing global trade governance and global business environment. The book aims for an objective and accurate prediction of the final text of the TPP, based on publicly available sources of information, and elucidates the impacts of the TPP upon the economy and regulatory systems of its member countries. Focusing on the backgrounds and prospects of TPP, the book explores the emerging global trade governance provided by the TPP, which would eventually be completed by the restructuring and reinvigoration of the WTO. The book also elucidates the causes and dynamics which had led the U.S. to take the initiative to tackle on them through the TPP. This book also synthesizes the analysis and makes a projection of the developments of the global trade governance in the 21st century after the TPP. The book concludes by making a set of policy proposals for the reconstruction of the global trade governance by avoiding the worst pessimistic scenario, and hence, it is to be seriously considered by major stakeholders of global trade governance including governments, firms, international organizations and the general public.
Author | : Lurong Chen |
Publisher | : Routledge |
Total Pages | : 292 |
Release | : 2018-12-07 |
Genre | : Business & Economics |
ISBN | : 1351051288 |
Mega free trade agreements (FTAs) are being formed to fill the gap created by new developments in global governance and are reshaping the world economic order. The Trans-Pacific Partnership (TPP) agreement is one of such 21st century FTAs. This book highlights three trade-related issues covered by the TPP that greatly concern emerging countries – investment, intellectual property rights (IPR), and state-owned enterprises (SOEs). It contains rigorous economic, legal, and political analyses on the final text of the agreement, combined with country-specific policy discussions focusing on Indonesia, the Philippines, Thailand, and Viet Nam, giving readers insights on the establishment of global rules and regulations for 21st century trade. The book also outlines the requirements for emerging Asian countries to better formulate trade policies in the new era of international trade and promote regional integration in ASEAN and East Asia.
Author | : Cathleen Cimino-Isaacs |
Publisher | : Peterson Institute for International Economics |
Total Pages | : 408 |
Release | : 2016-07-20 |
Genre | : Business & Economics |
ISBN | : 088132714X |
The Trans-Pacific Partnership (TPP) between 12 Pacific Rim countries has generated the most intensive political debate about the role of trade in the United States in a generation. The TPP is one of the broadest and most progressive free trade agreements since the North American Free Trade Agreement (NAFTA). The essays in this Policy Analysis provide estimates of the TPP's benefits and costs and analyze more than 20 issues in the agreement, including environmental and labor standards, tariff schedules, investment and competition policy, intellectual property, ecommerce, services and financial services, government procurement, dispute settlement, and agriculture. Through extensive analysis of the TPP text, PIIE scholars present an indispensable and detailed "reader's guide" that also sheds light on the agreement's merits and shortcomings. In Rich People Poor Countries, Caroline Freund identifies and analyzes nearly 700 emerging-market billionaires whose net worth adds up to more than $2 trillion. Freund finds that these titans of industry are propelling poor countries out of their small-scale production and agricultural past and into a future of multinational industry and service-based mega firms. And more often than not, the new billionaires are using their newfound acumen to navigate the globalized economy, without necessarily relying on political connections, inheritance, or privileged access to resources. This story of emerging-market billionaires and the global businesses they create dramatically illuminates the process of industrialization in the modern world economy.
Author | : C. L. Lim |
Publisher | : Cambridge University Press |
Total Pages | : 357 |
Release | : 2012-09-20 |
Genre | : Business & Economics |
ISBN | : 1107028663 |
The Trans-Pacific Partnership (TPP) talks attempt to link together at least nine countries in three continents to create a 'high-quality, twenty-first century agreement'. Such an agreement is intended to open markets to competition between the partners more than ever before in sectors ranging from goods and services to investment, and includes rigorous rules in the fields of intellectual property, labour protection and environmental conservation. The TPP also aims to improve regulatory coherence, enhance production supply chains and help boost small and medium-sized enterprises. It could transform relations with regions such as Latin America, paving the way to an eventual Free Trade Area of the Asia Pacific, or see innovations translated into the global trade regulatory system operating under the WTO. However, given the tensions between strategic and economic concerns, the final deal could still collapse into something closer to a standard, 'twentieth-century' trade agreement.
Author | : Ming Du |
Publisher | : |
Total Pages | : 26 |
Release | : 2016 |
Genre | : |
ISBN | : |
The emergence of mega-regional trade agreements like the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) threatens to fragment global trade governance in fundamental ways. An important question, yet so far under-explored, is how the rising powers currently being excluded from the mega- regionals, such as China, view this new development in global economic governance. This article intends to fill this gap in literature from a Chinese perspective. Specifically, this article addresses the following questions: why has China changed its initial suspicious attitude to a more neutral stance towards the TPP recently? What are the short-term and long-term effects of the TPP on China's economic growth and geo-political influence? How will China deal with a myriad of challenges posed by the TPP going forward, be it in or outside the TPP? After the analysis of a range of relevant political, economic and legal factors, I submit that the Chinese government has adopted what I call a 'tripartite strategy' towards the TPP. What remains to be seen is whether this tripartite strategy provides the best roadmap for China's further integration into the global economy.
Author | : Errol Meidinger |
Publisher | : |
Total Pages | : 23 |
Release | : 2017 |
Genre | : |
ISBN | : |
This article uses the recently negotiated Transpacific Partnership Agreement (TPP) to examine the potential implications of the rise of mega-regional trade agreements (MRTAs) for global environmental governance. Though unlikely to come into force as planned, the TPP represents the state of the art for MRTAs. It was negotiated among a dozen countries with diverse economies and interests that represent over one-quarter of global trade. Its language is likely to provide a reference point for negotiation of future MRTAs. While the environmental provisions of the TPP do not appear strong in their own terms, they offer the prospect of modest environmental benefits by: (1) directly linking trade to numerous environmental concerns, thereby injecting environmental considerations into trade policy; (2) committing member countries to enact, upgrade, and enforce environmental laws; (3) providing dispute settlement mechanisms for situations where countries may not do so; and (4) creating linkages to environmental governance initiatives of non-state actors.
Author | : Jeffrey J. Schott |
Publisher | : Peterson Institute |
Total Pages | : 87 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0881326739 |
The Trans-Pacific Partnership (TPP) is a big deal in the making. With the Doha Round of multilateral trade negotiations at an impasse, the TPP negotiations have taken center stage as the most significant trade initiative of the 21st century. As of December 2012, negotiators have made extensive progress in 15 negotiating rounds since the talks began in March 2010, though hard work remains to finish the deal in the coming year or so. Despite this effort, however, the TPP is not well understood. In part, the reason lies in the dynamism of the TPP initiative. Unlike other free trade pacts, the growing membership as the talks have proceeded and the broad range, complexity, and novelty of the issues on the agenda have made it difficult to track the substantive detail and progress of the talks. This Policy Analysis aims to remedy this problem by providing a reader's guide to the TPP initiative. It first assesses how much the TPP countries are alike and like-minded in their pursuit of a comprehensive trade deal. It then examines the current status of the talks, the major substantive sticking points, and the implications of Canada and Mexico joining the talks as well as prospective membership of other countries. The Policy Analysis then looks ahead to how the TPP could advance economic integration in the Asia-Pacific region and the implications for trade relations with China.
Author | : Ian F. Fergusson |
Publisher | : DIANE Publishing |
Total Pages | : 19 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437936962 |
The Trans-Pacific Partnership Agreement (TPP) is a free trade agreement that includes nations on both sides of the Pacific. The existing TPP, which originally came into effect in 2006, consists of Brunei, Chile, New Zealand, and Singapore. The U.S., Peru, Australia, and Vietnam have committed themselves to joining and expanding this group. Contents of this report: (1) Origins; (2) Existing and Potential Membership; (3) Congressional Reactions to the TPP; (4) U.S. Objectives and Interests; (5) Context with Other Regional Architectures; (6) U.S. Trade with Current Trans-Pacific Partner Countries; (7) Controversies: Agr. Products; Dairy; Beef; Intellectual Property Rights; Environ. and Labor; Pharmaceuticals; Gov¿t. Procurement; Trade Promotion Authority.
Author | : Amitendu Palit |
Publisher | : Routledge |
Total Pages | : 185 |
Release | : 2014-06-05 |
Genre | : Business & Economics |
ISBN | : 1317677900 |
The United States and 11 other countries from both sides of the Pacific are currently negotiating the Trans-Pacific Partnership (TPP). The agreement is expected to set new benchmark for international trade through its comprehensive coverage of issues and binding regulations. It is expected to eventually mature into a regional trade agreement covering the entire Asia-Pacific. As of now, it does not include China and India, the two largest emerging markets and regional economies. The TPP has generated controversy for its excessive emphasis on trade issues, which have remained unresolved or unaddressed at the WTO due to differences between developed and emerging markets. It has also been criticized for adopting a negotiating style reflecting the US regulatory approach to international trade and also as a geo-political strategy of the US for supporting its strategic rebalancing towards Asia. From both economic and geo-political perspectives, the TPP has various significant implications for China and India that are examined in the book. This book sheds light on how China and India's entries in the TPP are mutually beneficial and how both countries can gain from the TPP by gaining preferential access to large markets and using it as an opportunity for introducing more outward-oriented reforms. The book also cautions that US must reconcile to the rebalancing of economic power within the grouping that will occur following the entries of China and India. Otherwise, the TPP and China and India might walk divergent paths and trade and regional integration in Asia-Pacific may not ever converge. This book will interest anyone who wishes to learn more about the TPP and its future implications and challenges and China and India's roles in global and regional trade.
Author | : Jorge A. Huerta-Goldman |
Publisher | : Cambridge University Press |
Total Pages | : 727 |
Release | : 2021-12-02 |
Genre | : Business & Economics |
ISBN | : 1107163250 |
This volume provides comprehensive chapter-by-chapter assessment of one of the world's most important regional trade agreements, the TPP/CPTPP.