The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges
The Trans-Pacific Partnership (TPP) will have profound implications for small and medium-sized enterprises (SMEs) within and beyond the free trade area. SME issues get more attention in the TPP than previous FTAs. Since there is limited research on the impact of the FTAs on SMEs, it is of great sign...
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sg-smu-ink.sol_research-64332024-07-17T07:03:49Z The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges WANG, Heng The Trans-Pacific Partnership (TPP) will have profound implications for small and medium-sized enterprises (SMEs) within and beyond the free trade area. SME issues get more attention in the TPP than previous FTAs. Since there is limited research on the impact of the FTAs on SMEs, it is of great significance to probe into the practical implications of the TPP for SMEs. The key question will be analyzed: what are the challenges and opportunities that the TPP hold for SMEs? It is argued that, first, the support to SMEs, tariff elimination or reduction, and the reduction of non-tariff barriers are major opportunities presented by the TPP. The key benefits to SMEs are enhanced market opening and increased predictability. However, such opportunities may have limited effects in improving market position for certain SMEs. Second, the TPP will pose major challenges such as insufficiency of the opportunities to SMEs, the complexity of rules, difficulties in rule interpretation and implementation, remained regulatory differences, disadvantaged positions of SMEs from developing TPP countries, and the impact on SMEs negatively affected by trade liberalization. There will be more challenges for SMEs from non-TPP parties. Third, if the TPP is properly managed, it should bring more opportunities than challenges to SMEs. The opportunities and challenges deriving from the TPP are intimately connected. 2016-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/4475 https://ink.library.smu.edu.sg/context/sol_research/article/6433/viewcontent/the_implications.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 TPP SMEs opportunities challenges mega FTAs regulatory convergence non-tariff barriers Entrepreneurial and Small Business Operations International Trade Law |
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TPP SMEs opportunities challenges mega FTAs regulatory convergence non-tariff barriers Entrepreneurial and Small Business Operations International Trade Law WANG, Heng The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
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The Trans-Pacific Partnership (TPP) will have profound implications for small and medium-sized enterprises (SMEs) within and beyond the free trade area. SME issues get more attention in the TPP than previous FTAs. Since there is limited research on the impact of the FTAs on SMEs, it is of great significance to probe into the practical implications of the TPP for SMEs. The key question will be analyzed: what are the challenges and opportunities that the TPP hold for SMEs? It is argued that, first, the support to SMEs, tariff elimination or reduction, and the reduction of non-tariff barriers are major opportunities presented by the TPP. The key benefits to SMEs are enhanced market opening and increased predictability. However, such opportunities may have limited effects in improving market position for certain SMEs. Second, the TPP will pose major challenges such as insufficiency of the opportunities to SMEs, the complexity of rules, difficulties in rule interpretation and implementation, remained regulatory differences, disadvantaged positions of SMEs from developing TPP countries, and the impact on SMEs negatively affected by trade liberalization. There will be more challenges for SMEs from non-TPP parties. Third, if the TPP is properly managed, it should bring more opportunities than challenges to SMEs. The opportunities and challenges deriving from the TPP are intimately connected. |
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WANG, Heng |
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WANG, Heng |
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WANG, Heng |
title |
The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
title_short |
The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
title_full |
The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
title_fullStr |
The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
title_full_unstemmed |
The implications of the Trans-Pacific Partnership for SMEs: Opportunities and challenges |
title_sort |
implications of the trans-pacific partnership for smes: opportunities and challenges |
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Institutional Knowledge at Singapore Management University |
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2016 |
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https://ink.library.smu.edu.sg/sol_research/4475 https://ink.library.smu.edu.sg/context/sol_research/article/6433/viewcontent/the_implications.pdf |
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