The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA?
Focusing on Trans-Pacific Partnership (TPP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Comprehensive Economic and Trade Agreement (CETA) as deep free trade agreements (FTAs) that concentrate on regulatory disciplines, this article examines a key question conce...
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sg-smu-ink.sol_research-64222024-07-17T07:09:16Z The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? WANG, Heng Focusing on Trans-Pacific Partnership (TPP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Comprehensive Economic and Trade Agreement (CETA) as deep free trade agreements (FTAs) that concentrate on regulatory disciplines, this article examines a key question concerning the future of deep FTAs: do deep FTAs converge and, if so, why? It argues that, first, deep FTAs converge in their approach to trade and investment in two crucial respects: regulatory disciplines and dispute settlement. CPTPP narrows its gap with CETA through suspending rules in arguably most controversial aspects of TPP (i.e. intellectual property and investor-state dispute settlement [ISDS]). Differences emerge but are not unbridgeable, and convergence varies depending on the area. Second, the reasons for the convergence include shared FTA objectives (particularly regulatory protection), the development of FTA rules from WTO norms, and other factors (e.g. the lessons drawn from previous ISDS experience, the inherent limit of FTAs, and membership overlap). Finally, the convergence of deep FTAs has the potential to bridge most if not all differences if there is political willingness. 2019-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/4464 info:doi/10.54648/trad2019015 https://ink.library.smu.edu.sg/context/sol_research/article/6422/viewcontent/TRAD2019015_pv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University convergence free trade future prospect investment World Trade Organization International Trade Law |
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Focusing on Trans-Pacific Partnership (TPP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Comprehensive Economic and Trade Agreement (CETA) as deep free trade agreements (FTAs) that concentrate on regulatory disciplines, this article examines a key question concerning the future of deep FTAs: do deep FTAs converge and, if so, why? It argues that, first, deep FTAs converge in their approach to trade and investment in two crucial respects: regulatory disciplines and dispute settlement. CPTPP narrows its gap with CETA through suspending rules in arguably most controversial aspects of TPP (i.e. intellectual property and investor-state dispute settlement [ISDS]). Differences emerge but are not unbridgeable, and convergence varies depending on the area. Second, the reasons for the convergence include shared FTA objectives (particularly regulatory protection), the development of FTA rules from WTO norms, and other factors (e.g. the lessons drawn from previous ISDS experience, the inherent limit of FTAs, and membership overlap). Finally, the convergence of deep FTAs has the potential to bridge most if not all differences if there is political willingness. |
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WANG, Heng |
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WANG, Heng |
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WANG, Heng |
title |
The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? |
title_short |
The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? |
title_full |
The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? |
title_fullStr |
The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? |
title_full_unstemmed |
The future of deep Free Trade Agreements: The convergence of TPP (and CPTPP) and CETA? |
title_sort |
future of deep free trade agreements: the convergence of tpp (and cptpp) and ceta? |
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Institutional Knowledge at Singapore Management University |
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2019 |
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https://ink.library.smu.edu.sg/sol_research/4464 https://ink.library.smu.edu.sg/context/sol_research/article/6422/viewcontent/TRAD2019015_pv.pdf |
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