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Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership

Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership
Author: Buhara Aslan
Publisher:
Total Pages: 0
Release: 2015
Genre:
ISBN:

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As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP) on the Chinese economy under three scenarios. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and the TPP are realized and China is excluded, the combined damage to the Chinese economy is higher than the damage with the TTIP alone. However, the inclusion of China in the TPP has a positively effect on economic variables in China. This indicates that the impacts of China's participation in the TPP compensate for the negative impacts of the TTIP. Therefore, China should consider being part of the TPP to offset the negative impacts of the TTIP.


Transatlantic Trade and Investment Partnership (T-TIP) Negotiations (R43387)

Transatlantic Trade and Investment Partnership (T-TIP) Negotiations (R43387)
Author: Shayerah Ilias Akhtar
Publisher:
Total Pages: 0
Release: 2016
Genre: Commercial treaties
ISBN:

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The Transatlantic Trade and Investment Partnership (T-TIP) is a potential reciprocal free trade agreement (FTA) that the United States and the European Union (EU) are negotiating with each other. T-TIP raises a range of issues of congressional interest: Will the United States and EU be able to successfully conclude a comprehensive and high-standard FTA through the T-TIP negotiations? What are the economic and broader strategic implications of a potential T-TIP? How does the T-TIP address U.S. trade negotiating objectives? What is T-TIP's relationship to the proposed Trans-Pacific Partnership (TPP), other potential trade agreements, and the multilateral trading system more generally? How do the T-TIP negotiations balance confidentiality and transparency? Should other countries be allowed to join the T-TIP negotiations or a completed agreement, and what are the implications?


Quantifying Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership Spillovers on India

Quantifying Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership Spillovers on India
Author: G. Badri Narayanan
Publisher:
Total Pages: 22
Release: 2016
Genre:
ISBN:

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The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will impact on substantive market regulations in a wide a range of areas bearing on market access, both by establishing substantive new horizontal and sectoral standards and by establishing requirements regarding institutional and procedural approaches to domestic market regulation. Network effects, including through other agreements involving TPP/TTIP economies, and global supply chains organized by firms in the TPP/TTIP jurisdictions, will have the effect of broadening the reach of TPP/TTIP measures beyond the immediate parties to the agreement. This study employs the global dynamic multi-region multi-sector model, GDyn, to draw inferences concerning the impact on India of the likely outcome of the TPP and TTIP in respect of market regulation. Both tariff and NTB reductions associated with TPP/TTIP as well as the rise in standards have an overall negative effect on India. Compliance with labour standards is the most costly scenario for India. On the other hand, not complying with the emerging global standards would prove counter-productive for India's exports. Based on this analysis, the study considers the preparations that India might contemplate to maintain its competitive position in global markets. The study comments on priorities based on the scale of likely impacts in different areas.


Trans-Pacific Partnership: Geopolitical Implications for EU-US Relations

Trans-Pacific Partnership: Geopolitical Implications for EU-US Relations
Author: Daniel Twining
Publisher:
Total Pages: 59
Release: 2016
Genre: Asia
ISBN: 9789282393789

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The Trans-Pacific Partnership (TPP) and the prospective Transatlantic Trade and Investment Partnership (TTIP), if enacted, will reshape trade and investment flows between the United States, Asia, and Europe. Together, these agreements encompass more than 60% of the global economy, including the leading industrial economies of North America, the European Union and Japan. TPP is the economic anchor of the US 'pivot' to Asia. TPP is as much a geopolitical project to reinforce US leadership in Asia as it is a deal driven by an economic logic of spurring new sources of trade and investment. The EU has concluded or is negotiating a series of bilateral trade and investment agreements, including with Singapore, Vietnam, Australia, Japan, Malaysia, and New Zealand. But Europe as a whole needs to take a more strategic and coherent approach to Asia, beyond commerce and investment ties, and particularly to unify its approach to China. This is a compelling requirement given both China's enormous economic power and the risks its ascendancy poses to the liberal international order. Beyond the politics around both trade deals, however, lies a conviction among trade liberalisers in both the Atlantic and Pacific theatres that the agreements could provide a positive shock to a global economy badly in need of new engines of growth.


The Trans-Pacific Partnership (TPP)

The Trans-Pacific Partnership (TPP)
Author: Krisztina Binder
Publisher:
Total Pages: 12
Release: 2016
Genre: European Union countries
ISBN:

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On 4 February 2016, the Trans-Pacific Partnership (TPP) agreement was signed by 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. It encompasses about 800 million people, and the participating countries account for roughly a quarter of global trade and approximately 40% of the world's GDP. The TPP--described by US President Barack Obama as 'a regional agreement that will have broad-based membership and the high standards worthy of a 21st century trade agreement'--provides deeper liberalisation for trade in goods and services and introduces a set of common rules in a number of fields, going beyond current WTO-plus commitments in existing free trade agreements. It is highly probable that the TPP, although yet to be ratified, will influence the way that regional free trade agreements, including the Transatlantic Trade and Investment Partnership (TTIP) and the Regional Comprehensive Economic Partnership (RCEP), develop. Alongside China's growing stature and the increase in intraregional economic relations in the Asia-Pacific region, the TPP could adversely affect the interests of the EU. It remains to be seen how quickly the forthcoming ratification and implementation process can be completed, what the ultimate economic significance of the TPP will be, and whether other countries will be able to join the partnership.


Mega-Regional Trade Agreements

Mega-Regional Trade Agreements
Author: Thilo Rensmann
Publisher: Springer
Total Pages: 377
Release: 2017-07-20
Genre: Law
ISBN: 3319566636

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This book provides an in-depth analysis of "Mega-Regionals", the new generation of trans-regional free-trade agreements (FTAs) currently under negotiation, and their effect on the future of international economic law. The main focus centres on the EU-US Transatlantic Trade and Investment Partnership (TTIP), the Trans-Pacific Partnership (TPP) and the EU-Canada Comprehensive Economic and Trade Agreement (CETA), but the findings are also applicable to similar agreements under negotiation, such as the Regional Comprehensive Economic Partnership (RCEP).The specific features of Mega-Regional Trade Agreements raise a number of issues with respect to their potential effect on the current system of international trade and investment law. These include the consequences of Mega-Regionals for the most-favoured-nation (MFN) principle, their relation to the multilateral system of the World Trade Organization (WTO), their democratic legitimacy and their interaction with existing bilateral investment treaties (BITs).The book is intended for academics and practitioners working in the field of international economic law.


More of a Competitor Than a Trade Partner?

More of a Competitor Than a Trade Partner?
Author: Marianne Ojo D Delaney PhD
Publisher:
Total Pages: 0
Release: 2016
Genre:
ISBN:

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In times past, it used to be the case that leading economic nations were united by statements involving national delicacies and even donuts...However, signs of growing rifts and shifts in economic, trade and diplomatic relations are not only being evidenced by the recent conclusion of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union, but also the current state and prospects of the Trans-Atlantic Trade and Investment Partnership (TTIP) - which is currently being negotiated between the United States and the European Union - as well as the Trans Pacific Partnership (TPP) - an agreement between the United States and eleven other nations which are pre dominantly located within the Asia Pacific region. Whilst the Trans Pacific Partnership generates - as well as presents more controversial debates than other trade agreements, it is certainly without doubt, the most significant deal being negotiated in recent years - also in comparison to other World Trade Organization agreements. China's notable absence from the TPP may have generated and contributed to controversies around the Agreement - however, it is also most certain that a conclusion and ratification of the TPP by the United States is crucial to preserving amicable trade and diplomatic relations with China. Hence in addition to highlighting the benefits of free trade agreements, this paper, a highly condensed version of its published version, serves to underline why the Trans Pacific Partnership may represent the best chance of mitigating or averting apparent or potential diplomatic rifts between global and economic leaders - not only from the perspective of the currently concluded Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union, but also from the perspective of the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Trans Pacific Partnership (TPP). The central theme of this paper - as with other papers published by the author in relation to Free Trade Agreements is namely that Free Trade Agreements, on their own, are intended to be beneficial to any economy. It ceases to be beneficial for a number of reasons, most notably, when they have been badly negotiated and lacking of essential provisions.


Understanding Mega Free Trade Agreements

Understanding Mega Free Trade Agreements
Author: Jean-Baptiste Velut
Publisher: Routledge
Total Pages: 211
Release: 2017-08-23
Genre: Political Science
ISBN: 1351780638

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The rise of cross-regional trade agreements is a defining trend of the current international trade system as shown by the signing of the Trans-Pacific Partnership (TPP) in 2015, the negotiations for the Transatlantic Trade and Investment Partnership (TTIP) between the USA and the EU as well as the Regional Comprehensive Economic Partnership (RCEP) between countries in Asia and Oceania. These differ from previous agreements in their economic significance and large geographic scale, and the wide scope of trade-related issues. The current rise of nationalist and isolationist ideologies across Europe and the USA has raised questions on the future of cross-regional trade deals and made the need to understand their implications for economic and political governance ever more urgent. Two main forms of governance that are central to this volume are the democratic tensions over new generation trade deals on the one hand, and their geopolitical ramifications on the other, which have come into collision to herald the advent of a highly uncertain period of world politics. Many of the questions tackled in this volume, surrounding the democratic governance of trade agreements – whether long-held debates on the inclusion of workers’ voices, controversies on intrusive "behind the border" provisions undermining national sovereignty and local autonomy or new questions on digital rights – are crucial to understand the ebbing popular support for far-reaching trade agreements. This book will be a useful learning tool for students and scholars in a wide range of fields, including Globalisation, Global Governance, International Political Economy, International Trade and Investment and International Law, and should also be of interest to EU trade negotiators, international policymakers and business associations.