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    Salvaging the Trans-Pacific Partnership: Building Blocks for Regional and Mulilateral Trade Openig?

    Helble, Matthias | March 2017
    Abstract
    The high hopes that the Trans-Pacific Partnership (TPP) would open up trade across the Pacific were dashed by the decision of the new US Government under President Trump to withdraw from the agreement in January 2017. Despite being controversial, the TPP had been recognized as an agreement that substantially updated and extended international trade rules responding to new technological developments and economic realities. It was thus lauded by some as the first true 21st century trade agreement. The United States’ withdrawal from TPP gives the agreement an uncertain future. Yet, we argue in this paper that some achievements of the TPP might not be lost. The TPP offers important lessons for other ambitious regional trade deals both in terms of process and content. Furthermore, several chapters of the TPP can become blueprints for ongoing and upcoming negotiations at the multilateral level. A one-to-one transposition of TPP provisions into the multilateral trade agreement is unlikely, yet certain provisions could serve as valuable inspiration for future multilateral trade talks.
    Citation
    Helble, Matthias. 2017. Salvaging the Trans-Pacific Partnership: Building Blocks for Regional and Mulilateral Trade Openig?. © Asian Development Bank Institute. http://hdl.handle.net/11540/7715.
    Keywords
    Government Policy
    Regional Organization
    Regional Plans
    Economic integration
    Regional Development Bank
    Preferential tariffs
    International negotiation
    Protectionist measures
    Access to markets
    Economic agreements
    International trade law
    Regional integration
    Trade relations
    Regionalism
    Regional Economy
    Regional Trading Arrangements
    Regional Trade Integration
    Regional Economic Integration
    Regional Cooperation
    Interregional Cooperation
    Trade Disputes
    Trade Barriers
    Regional economics
    Regional planning
    Regional disparities
    Interregionalism
    Regional economic disparities
    Regional economic blocs
    Industrial arbitration
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    Citable URI
    http://hdl.handle.net/11540/7715
    Metadata
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    adbi-wp695.pdf (1015.Kb)
    Author
    Helble, Matthias
    Theme
    Regional
    Trade
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise