How do PTAs Address “Competitive Neutrality” between State and Private Owned Enterprises?
States-owned enterprises (SOEs) have for long used as and are likely to remain an important instrument in any government’s toolbox for a variety of economic, public and societal goals. However, the significant extent of state ownership among the world’s top companies raises the issue of its impac...
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| Format: | Article |
| Language: | English |
| Published: |
H. : ĐHQGHN
2017
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/55446 |
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| Institution: | Vietnam National University, Hanoi |
| Language: | English |
| Summary: | States-owned enterprises (SOEs) have for long used as and are likely to remain an
important instrument in any government’s toolbox for a variety of economic, public and societal
goals. However, the significant extent of state ownership among the world’s top companies raises
the issue of its impact on international trade and global competition. We address the question of
how multilateral and preferential trade agreements (PTAs) discipline SOEs with a view to
guaranteeing the level playing field between such entities and private enterprises, while, at the same
time, allowing governments to provide support to SOEs that deal with market failures and provide
public goods. The argument is developed in three main parts. The first briefly outlines the reasons
why SOEs are disciplined by a number of international legal instruments. The second assesses how
WTO agreements deal with the potential trade effects of SOEs and highlights the main
shortcomings of the multilateral trade discipline. The third part analyses the chapters on SOEs of
the Transpacific Trade Partnership (TTP) and the EU-Vietnam FTA (EUVFTA), which represent,
respectively, for the US and the EU, the PTAs endowed with the most advanced provisions on the
matter. We will conclude with some concise remarks. |
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