ON THE FOCUS GLOBAL SOUTH OCCASIONAL PAPER - JULY 2017 Asia and the Mega Free Trade Agreements by Joseph Purugganan Very few people know about them, but new generation free trade agreements have become powerful instruments in shaping how development is pursued in the 21st Century. And rapidly growing Asia has become a major hub of FTA engagements. On May 10, 2017, more than 30 members of civil society and sectoral groups converged inside the Philippine International Convention Center (PICC) in Manila to participate in the Regional Comprehensive Economic Partnership (RCEP) Stakeholder Engagement a dialogue with trade negotiators from the 16 RCEP negotiating countries. The meeting, which ran for almost three hours, was an opportunity for civil society organizations (CSOs) to air not just concerns, but their collective opposition to RCEP. The fear from civil society is that the highly ambitious trade and investment agreement will impact negatively on jobs and people s livelihoods, on health services and access to affordable medicines, on farmers rights to seeds, and on small fishers access to marine resources. Concerns were also raised on broader issues like investments and the threats to public policies and regulations from the investor-state-dispute-settlement provisions in RCEP. THE RISE OF MEGA FTAs What trade campaigners are up against is a whole landscape of so-called mega regional trade and investment agreements. All the major trade powers- the United States, the European Union, China, and Japan- are aggressively pushing these deals to secure their respective economic and political interests. Over the past couple of years however, negotiations for these big trade deals have been faltering, prompting one analyst to declare that the era of the big trade deal is certainly in hibernation. The question now is whether it is dead altogether. 1 The difficulties in seeing these negotiations through can be attributed to a combination of factors. There is the complexity of the trade deals themselves covering so many chapters, and dealing with varying sets of rules,
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l4yhia03hdncjc,3atcicucnchbjj3l3njh0nacn<hj@3hsej@h`rnn0hr8h`+2thjigchcnhfr$3hdunyhqnicn3-h@jjuc-gg8r,ncs3$yra<g,rnj3njgja03aencjc,3ah UCICUCNcAa3cCcjAa,3UAN0A,RaURaj3Aja03A03IchlzSeh loyhmmhm3sch+3nja3yhia03h<a33l3njchc@rni0hkcncja3lh?nlnh`c<@jcammh3uu3ajhna<3cyhmmhm3schb3aqc,3yhqnicn3-h @jju-ggsssynnyra<guucgn3scgcjrawycu]m3scb/59:ozkpyrif\[li9es,h kzyh7r,nchrnhj@3h;ir$ihbrnj@hn0h2mab2mh7ihm3jsraghvlzs:wh,,3cch/3iw305,,3cch/3nc30-hia03.hbnj3ii3,jnihtaru3ajwh`c<@jchn0h ksyht3rui3c_hbjan<<i3h8rah,,3cchjrhk30c,cn3chcnhbrnj@3cjhccyh7r,nchrnhj@3h;ir$ihbrnj@hn0h2mab2mhm3jsragyhqnicn3- @jjuc-gg8r,ncs3$yra<g,rnj3njg,,3cca03iw30a,,3cca03nc30aja03an0acjan<<i3ca,,3ccal30c,cn3ch klyh/3,iajcrnhr8hj@3hbnj3anjcrnih7ranlhrnh<ar3,rir<whcnhmw3i3nc.hkicyh73$anawhlzs9yh@jju-ggsssy8rr0crq3a3c<njwyra<g8ranlah <ar3,rir<wanw3i3ncalzs9gh kkyh`3urajhr8hj@3hbu3,cih`uuraj3nahr8hj@3h?nlnh`c<@jch+rnn,cihrnhj@3hac<@jchr8hcn0c<3nrnchu3rui3chrnhj@3hclu,jhr8hcnj3anjcrnihcnq3cjl3njh N0h8a33hja03hRNhj@3h@nLNhaC<@jchR8hCN0C<3NRnchU3RUI3cYhsssYR@,@aYRa<g2Mg?`#R0C3cg?`+g`3<nIab3ccCRNcgYYYgho?`+hohkko:lo2Y0R,uh 10 Asia and the Mega Free Trade Agreements