Mega-Regional Trading Arrangements: TPP and TTIP - how China and other emerging economy react to the new rules governing the trade and investment?
|
|
- Carol Townsend
- 5 years ago
- Views:
Transcription
1 Mega-Regional Trading Arrangements: TPP and TTIP - how China and other emerging economy react to the new rules governing the trade and investment? Jiang, Qing-Yun Shanghai University of International Business and Economics & Co-Effort LLP, Shanghai
2 Mega-Regional Trading Arrangements: TPP and TTIP How should China React?
3 Problems with Regionalism Trade diversion tendency to favour over trade creation Discrimination (Cordell Hull) Inward focus Market development small and local Cost to multilateral system Competing blocs less flexible than countries 3
4 Today s Mega-Regionals RCEP 10 ASEAN members plus China, Japan, Korea, Australia, India and New Zealand (by 2016?) TPP Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, Vietnam (P4 2005, TPP by 2015?) T-TIP United States and European Union (by 2015?) 4
5 TPP combines existing RTAs Source: Fergusson et al (2013) 5
6 Comprehensive High Quality RTA Source: Fergusson et al (2013) 6
7 Why TPP in ? Doha failing, TPP signals pivot to Asia TPP preferences may attract US business Counter China s influence in WTO via East Asians Europe failing to grow or influence Asia is the dynamic bit of the world economy Force the Democrats to state their position on trade Cement in the US template 7
8 Benefits of a Single Agreement More trade and more advantage over excluded US model harder to change ex post Eclipse models offered by..china..eu- Japan (Fergusson et al, 2013) 8
9 US vs. Asian Templates 9
10 Key implications of the US template Small partners small voices; little differentiation by income level Excluded countries no voice; IP provisions extended even beyond US-Korea Dispute settlement more legalistic Investor-State arbitration SOEs Secret negotiations 10
11 TTIP ambitious outcomes in Market access; Regulatory issues and non-tariff barriers; and Rules, principles, and new modes of cooperation to address shared global trade challenges and opportunities. 11
12 TTIP Main Areas market access for agricultural and industrial goods, government procurement, investment, intellectual property rights, energy raw materials, sanitary and phytosanitary measures, regulatory issues, Living agreement small- and medium-sized enterprises, sustainable development services, dispute settlement, competition, customs/trade facilitation, state-owned enterprises. 12
13 Why TTIP? EU Stagnation parallel of Single Market Counter the pivot Fear of trade exclusion US Access to sensitive markets Extend US template or at least prevent emergence of an alternative Even if not, reinforce standards in WTS justified by interest in GVCs 13
14 What are these RTAs worth? TPP Without Japan and Korea 0.4% of world trade USA 1.9%, Mexico 3.9%, Vietnam 19.8% of exports With Japan and Korea 1.6% of world trade USA 4.4%, Mexico 6.2%, Vietnam 37.3% - exports Japan 14.0%, Korea 12.4% - exports Big effects for big reformers Non-members lose somewhat Source: Petri,Plummer and Zhai (2012) 14
15 What are these RTAs worth? TPP Without Japan and Korea 0.1% of world GDP USA 0.1%, Mexico 0.7%, Vietnam 7.7% With Japan and Korea 0.3% of world GDP USA 0.4%, Mexico 1.0%, Vietnam 13.6% Japan 2.2%, Korea 2.2% Source: Petri,Plummer and Zhai (2012) 15
16 What is TTIP worth (A) Trade? Source: Francois et al, (2013) % change in exports by 2027, high spill-overs RoW converges onto US-EU standards, thus reducing trade costs everywhere; everyone gains something 16
17 What is TTIP worth (A) - GDP? Source: Francois et al, (2013) % change in GDP by 2027, high spill-overs RoW converges onto US-EU standards, thus reducing trade costs everywhere; everyone gains something 17
18 Effects on China - % of GDP RTA TPP TPP and TTIP TPP and TTIP, China accedes Liberalisation Tariffs only Tariffs and some NTBs Tariffs and all NTBs Tariffs, NTBs, spillovers Source: Aslan, Mavus and Oduncu,
19 How realistic are these plans? Less than 50:50 chance of TPP or TTIP occurring effectively Lack of US Trade Promotion Authority Opposition probably growing in USA and in partners But high commitment from some TPP governments EU/US political challenges massive 19
20 How to react at a world level? Mega-RTAs are discriminatory Multilateralism has served the world well especially the smaller powers More voice and rights Strength in numbers Complete Doha and start on WTO 2.0 Keep agenda relatively simple Create genuine alliances among challenger powers Try to make more use of Article 24 reviews 20
21 China China is excluded Enter TPP? TPP created fails Expected Probability 25% 75% Value China in 1 N/A 0.25 China out
22 China China is excluded Enter TPP? TPP created fails Expected Probability 25% 75% Value China in 1 N/A 0.25 China out TPP created fails Expected Probability 75% 25% Value China in 1 N/A 0.75 China out
23 China: Macro responses Emerging market group Large growing market Shallower integration; Less demanding standards based on China s EU-China Counter-force? Constrain Europe options under TTIP But what do you have to offer? 23
24 China: Micro responses Press to be included in TPP? Likely influence on outcome small Press for information? Not successful so far Therefore - wait and see Try to keep standards-deep processes flexible Continue domestic reform process anyway Press for WTO engagement Establish US branches to use US law 24
25 Thank you Questions and Comments? 25
EU Trade Policy and CETA
EU Trade Policy and CETA http://www.youtube.com/watch?v=iioc5xg2i5y The EU a major trading power European Commission, 2013 The EU a major trading power % of global exports, goods, 2012 % of global exports,
More informationBeyond Bali: prospects for multi- and plurilateral trade negotiations. by György Csáki Szent István University, Gödöllő - HUNGARY
Beyond Bali: prospects for multi- and plurilateral trade negotiations by György Csáki Szent István University, Gödöllő - HUNGARY WORLD CONGRESS OF COMPARATIVE ECONOMICS, Rome, 25-27 June, 2015 1 1. World
More informationJapan s New Trade Policy in Asia-Pacific
Japan s New Trade Policy in Asia-Pacific August 22, 2013 Shujiro URATA Waseda University 1 Contents I. Japan s Economic Situation II. High Economic Growth and Regional Economic Integration in Asia-Pacific
More informationEvent 1. Module 2. The Converging Strands Between Trade and Investment Session Two: The mega regionals, impacts for members and non-members
Event 1. Module 2. The Converging Strands Between Trade and Investment Session Two: The mega regionals, impacts for members and non-members The different mega-regionals: groupings, agendas, contents and
More informationPlurilateralism: A New Way of Trade Liberalism?
Plurilateralism: A New Way of Trade Liberalism? E-Leader Vienna 6 8 June, 2016 Ludmila Sterbova University of Economics, Prague Historical Background of Trade Liberalism/1 20 th Century 1929-30 Great Depression
More informationTrans-Pacific Partnership
Trans-Pacific Partnership Advantages & Disadvantages for Vietnam Based Businesses November 2015 HCMDMS#184365 TPP Impact on Vietnam s Prospects 2015 Baker & McKenzie LLP 2 12 Countries: - Asia: Brunei,
More informationDepartment of Foreign Affairs and Trade
Department of Foreign Affairs and Trade P4 (Chile, Singapore, New Zealand and Brunei) Negotiations commence in 2002 Trans-Pacific Strategic Economic Partnership (P4) enters into force in 2006 Negotiations
More informationTPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements
TPP11 Agreement in Principle: Japan s Role in Mega-regional Trade Agreements December 15, 2017 Shujiro URATA Waseda University Contents Mega-regional FTA Negotiations Japan s objectives behind mega-regional
More informationThe Relative Significance of EPAs in Asia-Pacific
The Relative Significance of EPAs in Asia-Pacific 10 November 2015 Kenichi Kawasaki GRIPS/JIIA/RIETI 29 October 2011 Overview The relative significance of EPAs in Asia-Pacific TPP and RCEP are shown to
More informationPre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers
Pre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers Before the U.S. International Trade Commission Hearing on Investigation
More informationElephants in a bazaar?
Elephants in a bazaar? The TTIP and TPP effects on developing countries and the multilateral trade system Max Mendez-Parra, International Economic Development Group, ODI @m_mendezparra Why Mega-regionals?
More informationEFTA FREE TRADE RELATIONS
EFTA FREE TRADE RELATIONS Relations with the rest of the world Brussels, Monday 4 December 2017 By Martin Zbinden, Deputy Secretary-General, EFTA Secretariat Agenda EFTA free trade network The EFTA FTA
More informationEconomic Nationalism: Reality or Rhetoric? Ian Sheldon AED Economics Ohio State University. AAII Columbus Chapter November 8, 2017
Economic Nationalism: Reality or Rhetoric? Ian Sheldon AED Economics Ohio State University AAII Columbus Chapter November 8, 2017 Prospects for Global Trade 2012-15, slowdown in trade growth in both absolute
More informationTrans-Pacific Partnership
Trans-Pacific Partnership Overview and Assessment by Fred Burke Wednesday, July 10, 2013 HCMDMS#133601/v3 This presentation has been prepared for clients and professional associates of Baker & McKenzie.
More informationCurrent Status and Future Prospects of the TPP Negotiations
Current Status and Future Prospects of the TPP Negotiations Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics Prepared for a seminar at RIETI Tokyo, Japan 31 January 2014 1
More informationEmeritus Professor Dr Zakariah Abdul Rashid. Executive Director Malaysian Institute of Economic Research
Emeritus Professor Dr Zakariah Abdul Rashid Executive Director Malaysian Institute of Economic Research LAUNCHING THE RCEP NEGOTIATION Negotiation was launched during 21 st ASEAN Summit, November 2012
More informationJapan s FTA Strategy. August 7, Shujiro URATA Waseda University
Japan s FTA Strategy August 7, 2014 Shujiro URATA Waseda University 1 Contents I. Japan s Economic Situation II. High Economic Growth and Regional Economic Integration in Asia-Pacific III. Japan s New
More informationPotential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy*
Potential Effects of Regional Comprehensive Economic Partnership (RCEP) on the Philippine Economy* Caesar B. Cororaton Presented at the Philippine Institute for Development Studies Quezon City, Metro Manila
More informationTrans- Paci*ic Partnership
Trans- Paci*ic Partnership Alan V. Deardorff University of Michigan Lecture 6 Nankai University March 3, 2016 What Is the TPP? Trans- Paci>ic Partnership: 21 st - Century Trade agreement among 12 countries
More informationThailand and TPP 30 November 2012 Apiradi Tantraporn, Executive Chairperson The International Institute for Asia Pacific Studies (INSAPS), Bangkok
Thailand and TPP 30 November 2012 Apiradi Tantraporn, Executive Chairperson The International Institute for Asia Pacific Studies (INSAPS), Bangkok University 1. Thailand and TPP TPP Countries and Thailand
More informationRIETI Special Seminar. The New Landscape of World Trade with Mega-FTAs and Japan's Strategy. Handout. URATA Shujiro
RIETI Special Seminar The New Landscape of World Trade with Mega-FTAs and Japan's Strategy Handout URATA Shujiro Faculty Fellow, RIETI / Professor of Economics, Graduate School of Asia-Pacific Studies,
More informationCurrent Status and Challenges. May 14, Shujiro URATA Waseda University
Japan s FTA/EPA Strategy: Current Status and Challenges May 14, 2013 Shujiro URATA Waseda University Outline 1. Current Status of Japan s FTAs/EPAs 2. RCEP vs. TPP 3. Impacts of TPP and RCEP on Japanese
More informationThe Relative Significance of EPAs in Asia-Pacific
The Relative Significance of EPAs in Asia-Pacific 19 June 2014 Consulting Fellow, RIETI Kenichi Kawasaki 29 October 2011 Overview The relative significance of EPAs in Asia-Pacific TPP and RCEP are shown
More informationServices Trade: Essential Fuel for U.S. and Global Economic Growth
Services Trade: Essential Fuel for U.S. and Global Economic Growth CHRISTINE BLISS, PRESIDENT, THE COALITION OF SERVICES INDUSTRIES SERVICESCOALITION.ORG The Role of Services in the U.S. Economy The United
More informationTPP, RCEP and Prospects for Eventual Convergence Robert Scollay NZPECC and APEC Study Centre, University of Auckland
, and Prospects for Eventual Convergence Robert Scollay NZPECC and APEC Study Centre, University of Auckland presentation at symposium on New Development and Future Direction of Asia Pacific Regional Economic
More informationOVERLOOKED FACTS ABOUT
OVERLOOKED FACTS ABOUT the Trans-Pacific Partnership 1 Top Ten Overlooked Facts About the Trans-Pacific Partnership Asia-Pacific Markets Are Ripe With Opportunity As U.S. companies scour the globe for
More informationPresentation by Economy Under Review - Chile
2008/SOM3/013anx3 Agenda Item: IV Presentation by Economy Under Review - Chile Purpose: Consideration Submitted by: APEC Secretariat Third Senior Officials Meeting Lima, Peru 22-23 August 2008 CHILE IAP
More informationIndia s Trade Policy and Global Trade Initiatives
India s Trade Policy and Global Trade Initiatives Ambassador Frank Wisner International Affairs Advisor Former US Ambassador to India Frank Samolis Partner Co-chair, International Trade Practice Group
More informationENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC PARTNERSHIP AGREEMENT
OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE EXECUTIVE OFFICE OF THE PRESIDENT WASHINGTON, D.C. ENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC
More informationAUSTRALIA S POLICIES TOWARDS PROTECTION AND FREE TRADE
AUSTRALIA S POLICIES TOWARDS PROTECTION AND FREE TRADE Tim Riley Director Economic Literacy Centre PROTECTION: TARIFFS AND SUBSIDIES Economic Arguments: Protect infant industries Protect employment during
More informationBRIEFING ON The TRANS-PACIFIC PARTNERSHIP AGREEMENT (TPPA)
BRIEFING ON The TRANS-PACIFIC PARTNERSHIP AGREEMENT (TPPA) BY SYAHRIL SYAZLI GHAZALI Strategic Negotiation Division MITI 21 January 2016 1 BRIEF BACKGROUND 2005 (P4) - Brunei, Chile, Singapore & New Zealand.
More informationRina Oktaviani Bogor Agricultural University, Indonesia
Dhaka Roundtable on Reviving the Multilateral Trading System: Post-Bali Issues 23 24 November 2014, Bangladesh Session 6 Post-2015 International ti Development Agenda and Multilateral Trading System by
More informationHarnessing Globalisation to Build a Better World for the Benefit of All. Yose Rizal Damuri Centre for Strategic and International Studies
Harnessing Globalisation to Build a Better World for the Benefit of All Yose Rizal Damuri Centre for Strategic and International Studies Growing Discontent about Globalisation Dissatisfaction over trade
More informationSFIA Legal Task Force Series: Updates on Changing International Trade Landscape Webinar
SFIA Legal Task Force Series: Updates on Changing International Trade Landscape Webinar SFIA Host: Jonathan Michaels, SFIA Webinar Moderator: Mark Granger, Granger Legal Consulting Presenters: Bill Sells,
More informationLegal Review of FTA Tariff Negotiations
Legal Review of FTA Tariff Negotiations Prof. Jong Bum Kim August 6, 2007 Legal Review of FTA Tariff Negotiations 1. Recent state of FTAs in the world Causes behind FTA Proliferation 2. WTO Consistent
More informationSofia Maragkidou Phd student Department of International and European Studies, University of Macedonia, Greece
Sofia Maragkidou Phd student Department of International and European Studies, University of Macedonia, Greece sofia.maragkidou@gmail.com 1 Methodology (Stages) A. Constructing the subject under research
More informationBriefing paper for the Australia-Indonesia Business Partnership Group (IA-BPG), June 2016
The changing architecture of the Asia-Pacific trading system: Implications for the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) Briefing paper for the Australia-Indonesia
More informationRe: Consulting Canadians on a possible Canada-ASEAN Free Trade Agreement
October 16, 2018 Canada ASEAN trade consultations Global Affairs Canada Trade Policy and Negotiations Division (TCA) Lester B. Pearson Building 125 Sussex Drive Ottawa, Ontario K1A 0G2 Via email: CanadaASEAN-ANASE.Consultations@international.gc.ca
More informationAPEC Development Outlook and the Progress of Regional Economic Cooperation and Integration
2017/FDM1/004 Session: 1 APEC Development Outlook and the Progress of Regional Economic Cooperation and Integration Purpose: Information Submitted by: Asian Development Bank Finance and Central Bank Deputies
More informationThird Bruges European Business Conference Trade and Investment Challenges for European Business 20 March 2012, College of Europe, Bruges
In Partnership with: Third Bruges European Business Conference Trade and Investment Challenges for European Business 20 March 2012, College of Europe, Bruges Horizontal business issues of market access
More informationHow far away is China from TPP?
How far away is China from TPP? Prof. Dr. Zhang Jianping Abstract China s attitude towards TPP has undergone a fundamental change since 2013, but no matter the seven misunderstanding of TPP before 2013
More informationGlobal Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute
Global Economic Management and Asia s Responsibility Masahiro Kawai Asian Development Bank Institute PECC 18 th General Meeting Economic Crisis and Recovery: Roles for the Asia-Pacific Economies Washington,
More informationPascal Kerneis Managing Director ESF (European Services Forum)
Pascal Kerneis Managing Director ESF (European Services Forum) 90 «The voice of the European Service Industries for World Economy: Percentage of GDP by Sector - 2016 80 70 76.7 73.1 67.2 69.2 68.8 65 60
More informationTrade trends and trade policy developments. Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit
Trade trends and trade policy developments Ian Ascough Head of Bilateral Trade Negotiations BIS/DfID Trade Policy Unit The big picture UK earnings from exports of goods exceeded earnings from exports of
More informationFREE TRADE AGREEMENTS ANALYSIS
FREE TRADE AGREEMENTS ANALYSIS F R E E T R A D E A G R E E M E N T S I N F O R C E Free Trade Agreement About the Free Trade Agreement ASEAN-Australia-NZ Free Trade Agreement (AANZFTA) The AANZFTA is Australia
More informationThe Trans-Pacific Partnership:
The Trans-Pacific Partnership: Opportunities for Investment EVA HAMPL Director, Investment, Trade and Financial Services, USCIB USCIB Mission Advance American business interests at home and abroad Promote
More informationDivision on Investment and Enterprise
Division on Investment and Enterprise Readers are encouraged to use the data in this publication for non-commercial purposes, provided acknowledgement is explicitly given to UNCTAD, together with the reference
More informationThe TransPacific Partnership (TPP) is a regional trade agreement being negotiated
I. INTRODUCTION The TransPacific Partnership (TPP) is a regional trade agreement being negotiated between the U.S. and eight other Asia-Pacific economies. Currently, the negotiating countries are Australia,
More informationANALYSIS OF JAPAN S EXISTING AND FORTHCOMING FREE TRADE AGREEMENTS IN THE ASIA PACIFIC AND GLOBAL CONTEXT
30 Analysis of Japan s existing and forthcoming free trade agreements in the Asia ANALYSIS OF JAPAN S EXISTING AND FORTHCOMING FREE TRADE AGREEMENTS IN THE ASIA PACIFIC AND GLOBAL CONTEXT Florin Bonciu
More informationEconomic Integration in South East Asia and the Impact on the EU
Economic Integration in South East Asia and the Impact on the EU Contents Executive summary... 4 1. Introduction... Error! Bookmark not defined. 2. Introduction to State of Economic Integration in South
More informationEra of Mega FTAs -Challenges and Global Governance
Era of Mega FTAs -Challenges and Global Governance July 12, 2013 Michitaka NAKATOMI Consulting Fellow, Research Institute of Economy, Trade and Industry Special Advisor, Japan External Trade Organization
More informationThe European Union Trade Policy
The European Union Trade Policy Content 1. The EU in world trade 2. EU trade policy Basic features 3. EU trade policy How it works 4. EU trade policy Competing in the world 5. A renewed strategy for Europe
More informationJapan, the US and TPP-11: Where do we go from here?
Japan, the US and TPP-11: Where do we go from here? Masahiro Kawai, PhD Economic Research Institute for Northeast Asia and Graduate School of Public Policy, Univ. of Tokyo "Japan in 2019: A Look at the
More informationCFRED The Trans Pacific Partnership Impact and Implications. Assessing the content from a business perspective
CFRED The Trans Pacific Partnership Impact and Implications. Assessing the content from a business perspective 1 M I C H A E L M U D D S E C R E TA R Y G E N E R A L, A PA C T H E O P E N C O M P U T I
More information29 July 2013, Jakarta 1
Yoshifumi Fukunaga Economic Research Institute for ASEAN and East Asia 29 July 2013, Jakarta 1 What is RCEP? New FTA negotiation among the ASEAN+6 countries. o ASEAN10, Australia, China, India, Japan,
More informationRole of RCI in Addressing Developing Asia s Long-term Challenges
Role of RCI in Addressing Developing Asia s Long-term Challenges Yasuyuki Sawada Chief Economist and Director General Economic Research and Regional Cooperation Department Asian Development Bank International
More informationNUMBER: November TPP11 and RCEP Compared
POLICY BRIEF ASIAN TRADE CENTRE NUMBER: 17-12 November 2017 TPP11 and RCEP Compared November 2017: This is an updated version of an earlier post on Talking Trade, modified to reflect the TPP11 changes
More informationWhat is TPP? Trans-Pacific Partnership TPP
What is TPP? The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international
More informationRIETI Special Seminar. The New Landscape of World Trade with Mega-FTAs and Japan's Strategy. Handout. Peter A. PETRI
RIETI Special Seminar The New Landscape of World Trade with Mega-FTAs and Japan's Strategy Handout Peter A. PETRI Carl Shapiro Professor of International Finance, the Brandeis International Business School
More informationSession 5: In search of the meaningful market access what are the policy options for LDCs
REGIONAL WORKSHOP ON LEAST DEVELOPED COUNTRIES AND LEVERAGING TRADE AS A MEANS OF IMPLEMENTATION FOR THE 2030 AGENDA Session 5: In search of the meaningful market access what are the policy options for
More informationExternal Trade. EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs. ASEAN OECD INVESTMENT POLICY CONFERENCE November 2010
EU TRADE & INVESTMENT POLICY & THE ROLE OF FTAs ASEAN OECD INVESTMENT POLICY CONFERENCE 18 19 November 2010 EU INVESTMENT AFTER LISBON LISBON TREATY STEPPING UP EU AMBITIONS: EU Investment policy EU Trade
More informationUpdating NAFTA: Implications of the Trans-Pacific and Trans-Atlantic Partnerships
Updating NAFTA: Implications of the Trans-Pacific and Trans-Atlantic Partnerships Jeffrey J. Schott Senior Fellow Peterson Institute for International Economics Mexico and the United States: Building on
More informationEUROPEAN BUSINESS COUNCIL (EBC) Call for Preliminary Talks on an EU-Japan Economic Integration Agreement. June 03, 2007
EUROPEAN BUSINESS COUNCIL (EBC) Call for Preliminary Talks on an EU-Japan Economic Integration Agreement June 03, 2007 RECOMMENDATION The European Business Council (EBC) calls on the Government of Japan
More informationBilateral Agreements in EU trade policy
SPEECH/06/574 Peter Mandelson EU Trade Commissioner Bilateral Agreements in EU trade policy London School of Economics London, 9 October 2006 at 20h00 CET In this speech at the London School of Economics
More informationWorld Economy: Prospects and Risks Masahiro Kawai Graduate School of Public Policy Univ. of Tokyo
World Economy: Prospects and Risks Masahiro Kawai Graduate School of Public Policy Univ. of Tokyo Seoul 13 June 2017 Prospects of the World Economy The world economy is growing in 2017 The US Fed continues
More informationThe Trans-Pacific Partnership:
No. 2017-08 The Trans-Pacific Partnership: Origin, Evolution, Special Features, and Economic Implications Shujiro Urata Waseda University Email: surata@waseda.jp ISEAS Economics Working Paper No. 2017-08
More informationTrade Implications of the EU-US TTIP for Neighboring Countries
Trade Implications of the EU- TTIP for Neighboring Countries Alan V. Deardorff University of Michigan For presentation at Stanford February 20, 2014 www.fordschool.umich.edu The Trans-Atlantic Trade and
More informationRegional Initiatives. Unveiling the Trans-Pacific Partnership: An Analysis of the Full Text. Y. Dong, Q. Su
Regional Initiatives REGIONAL INITIATIVES Unveiling the Trans-Pacific Partnership: An Analysis of the Full Text Y. Dong, Q. Su Yan Dong PhD, Director and Senior Fellow, Department of International Trade,
More informationPTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION
PTA s INVESTMENT CHAPTER: THE JUXTOPOSITION OF THE INVESTMENT LIBERALISATION PROVISION Sufian Jusoh Institute of Malaysian and International Studies (IKMAS) Regional Dialogue On ENHANCING THE CONTRIBUTION
More informationPresentation by Economy Under Review - Viet Nam
2009/SOM2/015anx3 Agenda Item: V Presentation by Economy Under Review - Viet Nam Purpose: Consideration Submitted by: APEC Secretariat Second Senior Officials Meeting Plenary Session Singapore 19 July
More informationIncreasing Productivity and Competitiveness through Trade (EU-Japan FTA/EPA, TPP) June 2014 Jun ARIMA Director General, JETRO London
Increasing Productivity and Competitiveness through Trade (EU-Japan FTA/EPA, TPP) June 2014 Jun ARIMA Director General, JETRO London 1 Rapid Expansion of Asian Market 2 Export and Investment Profit are
More informationFree Trade Agreements and the Multilateral Trade System. FTA and WTO/Harmonization /Developing Countries/Environment Mitsuo Matsushita
Free Trade Agreements and the Multilateral Trade System FTA and WTO/Harmonization /Developing Countries/Environment Mitsuo Matsushita 1 1. Proliferation of FTA In 1990, 27 FTA, in 2007, 205 FTA were registered
More informationCHAPTER 16 International Trade
PART 6: INTERNATIONAL ECONOMICS CHAPTER 16 International Trade Slides prepared by Bruno Fullone, George Brown College Copyright 2010 McGraw-Hill Ryerson Limited. 1 In This Chapter You Will Learn Learning
More informationoverview FACT SHEET trans-pacific partnership TPP
CANADA JAPAN UNITED STATES OF AMERICA MEXICO VIET NAM BRUNEI MALAYSIA SINGAPORE PERU AUSTRALIA NEW ZEALAND CHILE trans-pacific partnership overview FACT SHEET will give New Zealand better access to globally
More informationTrade. The Trans-Pacific Partnership and Excluded Commonwealth Developing Countries. Hot Topics makes an attempt to understand the
Trade ISSUE 109 Hot Topics The Trans-Pacific Partnership and Excluded Commonwealth Developing Countries Max Mendez Parra and Jim Rollo* Background The origins of the Trans-Pacific Strategic Economic Partnership
More informationReforming the IIA System: Investment Arbitration in Asia-Pacific and ASEAN
Reforming the IIA System: Investment Arbitration in Asia-Pacific and ASEAN Regional Seminar on IIAs and Sustainable Development, and 6 th Meeting of the Asia-Pacific FDI Network Bangkok, Thailand, 1-2
More informationWill the World Choke on Spaghetti? Free Trade Agreements, AEUFTA and the Future of International Trade
Yves Renouf, Legal Counsel, WTO; WTO Fellow, IIT Will the World Choke on Spaghetti? Free Trade Agreements, AEUFTA and the Future of International Trade Before I forget The views expressed in this lecture
More informationAsokan R Raja Executive Director Centre for Indian Trade and Export Promotion (formerly Jt.Dy. Director General, FIEO
Asokan R Raja Executive Director Centre for Indian Trade and Export Promotion (formerly Jt.Dy. Director General, FIEO (set up by Ministry of Commerce, Govt. of India) The RCEP includes some of the world
More informationTrade in New England. Export-Supported U.S. Jobs (2014) Merchandise Exports (2015)
Trade in New England The majority of the world s consumers - 95 percent - can be found beyond America s borders. While interstate commerce among the states remains a significant avenue for business prosperity
More informationEntrepreneurs, E commerce, and SMEs in APEC
Entrepreneurs, E commerce, and SMEs in APEC Dr Chris Hall PECC SME Network Coordinator Session 5 - PECC XIV Hong Kong 29 November 2001 PACIFIC ECONOMIC COOPERATION COUNCIL 1 Key results from the APEC SME
More informationWhy Corporate Governance is Important in APEC Economies
2008/SOM3/EC/WKSP/007 Agenda Item: 2 Why Corporate Governance is Important in APEC Economies Submitted by: Chile Workshop on Corporate Governance Lima, Peru 17 August 2008 Why Corporate Governance is Important
More informationA TPP Agreement: An Opportunity for North Dakota. Trade & Investment with TPP Countries Is Good for North Dakota. Jobs Exports Investment 62%
Overview The United States and 11 other countries are currently negotiating a Trans- Pacific Partnership (TPP) agreement, which will strengthen trade and investment relationships across the Asia- Pacific
More informationSingapore 17 AUG 2012.
RESEARCHERS AT SINGAPORE S INSTITUTE OF SOUTHEAST ASIAN STUDIES SHARE THEIR UNDERSTANDING OF CURRENT EVENTS Singapore 17 AUG 2012. RCEP: Going Beyond ASEAN+1 FTAs Sanchita Basu Das During the 21 st ASEAN
More informationTrans-Pacific Strategic Economic Partnership
Trans-Pacific Strategic Economic Partnership TPP is a trade agreement among twelve countries around the Pacific-rim region. 12 countries are: Brunei, Chile, New Zealand, and Singapore (signed in 2005);
More informationA TPP Agreement: An Opportunity for Oklahoma. Trade & Investment with TPP Countries Is Good for Oklahoma. Jobs Exports Investment 53%
Overview The United States and 11 other countries are currently negotiating a Trans- Pacific Partnership (TPP) agreement, which will strengthen trade and investment relationships across the Asia- Pacific
More informationThe Importance of CJK FTA for the Development of Trilateral Cooperation
The Importance of CJK FTA for the Development of Trilateral Cooperation April 7, 2016 Chang Jae LEE Korea Institute for International Economic Policy Contents I. Brief history of CJK FTA II. Reasons why
More informationtariff global business nontariff barriers multinational corporation quota direct foreign investment trade barriers voluntary export restraints
global business tariff multinational corporation nontariff barriers direct foreign investment quota trade barriers voluntary export restraints protectionism government import standard A direct tax on imported
More informationAssociate Professor, Dr Pham Thi Hong Yen Central Economic Commission Viet Nam
Welcoming the Comprehensive and Progressive Agreement for Trans- Pacific Partnership Agreement (CPTPP) Vietnam continue to promote broader international economic integration Associate Professor, Dr Pham
More informationChapter 2 Development of rules, including trade agreements
Chapter 2 Development of rules, including trade agreements Part II. Chapter 2. Section 2 explained the need to adopt a free and fair high-level trade policy in consideration of the changes occurring in
More information49,000 46% 55. The TPP Agreement: An Opportunity for South Dakota. Overview. What Is the TPP?
Overview The Trans- Pacific Partnership (TPP) agreement will strengthen trade and investment relationships between the United States and 11 other countries in the Asia- Pacific region. The TPP will help
More informationFedesarrollo Leonardo Villar Cristina Fernández
Fedesarrollo Leonardo Villar Cristina Fernández December 13, 2012 Per capita income LAC has fallen behind East Asia Per capita income 1900 2008. (1990=100) Per capita income / US per capita income Source:
More informationPresented by S K Mohanty, Fellow, RIS
Economics of an East Asian FTA Presented by S K Mohanty, Fellow, RIS 1 Structure of Presentation Sustainability of the Asian Eco. Community East Asia FTA emerging as a Mega RTA Changing structure of regional
More informationAPEC AND PROGRESS TOWARD BOGOR GOALS
APEC AND PROGRESS TOWARD BOGOR GOALS Inter-American Development Bank March 2010 This document was prepared by the Integration and Trade Sector (INT) of the Inter-American Development Bank (IDB) for the
More informationImpacts on Global Trade and Income of Current Trade Disputes
Public Disclosure Authorized July 2018 Number 2 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Impacts on Global Trade and Income of Current Trade Disputes Caroline
More informationTrading with the World after Brexit: Evaluating the Options
Trading with the World after Brexit: Evaluating the Options L Alan Winters Professor of Economics, University of Sussex Director of UK Trade Policy Observatory Are FTAs a trade substitute for the EU? EU
More informationThe Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress
The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress Ian F. Fergusson, Coordinator Specialist in International Trade and Finance Mark A. McMinimy Analyst in Agricultural Policy Brock
More informationTaking ASEAN+1 FTAs towards the RCEP
Taking ASEAN+1 FTAs towards the RCEP Ikumo Isono Economist Economic Research Institute for ASEAN and East Asia (ERIA) October 30, 2013, S.C. Tsiang Memorial Hall, CIER, Taipei What is RCEP? New FTA negotiation
More informationA Health Impact Assessment of the Trans- Pacific Partnership Agreement: Few Gains, Many Risks
A Health Impact Assessment of the Trans- Pacific Partnership Agreement: Few Gains, Many Risks Ronald Labonté Canada Research Chair, Globalization and Health Equity Professor, Faculty of Medicine, University
More informationThe European debate on TTIP and global impacts of free
The European debate on TTIP and global impacts of free trade agreements Axel Berger, Deutsches Institut für Entwicklungspolitik (DIE) Stiftung Asienhaus Brussels, 4.11.2015 Outline 1. What are free trade
More informationThe TPP Agreement: An Opportunity for Colorado. Trade & Investment with TPP Countries Is Good for Colorado. Jobs Exports Investment
Overview The Trans- Pacific Partnership (TPP) agreement will strengthen trade and investment relationships between the United States and 11 other countries in the Asia- Pacific region. The TPP will help
More information