Mega-FTAs and Plurilateral Trade Agreements: Implications for the Asia-Pacific
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Description
Published as Chapter 24 in Paradigm Shift in International Economic Law Rule-Making: TPP as a New Model for Trade Agreements?, Julien Chaisse, Henry Gao & Chang-fa Lo, eds. (2017).
During the first twenty years of the World Trade Organization’s history, the multilateral trading system has increasingly been accompanied by (1) free trade agreements (FTAs) and (2) preferential trade arrangements (PTAs). Such agreements have proliferated steadily, with several hundred having been notified to the WTO as of early 2016. However, there have been some significant changes in the types of trade agreements being negotiated outside the WTO in recent years. Since 2010, there has been a continued proliferation of “traditional” FTAs, but there have also been notable new developments. These include: an increase in multi-party FTAs; an increase in FTAs featuring more than one major economy; FTA coverage extending beyond the scope of the WTO Agreements; and subject-specific plurilateral negotiations being conducted outside the WTO negotiating structure. This chapter documents the rapid ascendancy of mega-FTAs and plurilateral trade agreements and explores the implications of these larger, more complicated and arguably more powerful trade agreements, with an emphasis on the Asia-Pacific region.
Publication Date
11-15-2017
Publisher
Springer
City
Singapore
ISBN
978-981-10-6730-3
First Page
419
Last Page
433
Keywords
Mega-FTAs, Plurilateral trade agreements, Plurilateral, Asia-Pacific, Mega-regional, TPP, Trans-Pacific partnership
Disciplines
International Trade Law | Law
Recommended Citation
Meredith Kolsky Lewis, Mega-FTAs and Plurilateral Trade Agreements: Implications for the Asia-Pacific in Paradigm Shift in International Economic Law Rule-Making: TPP as a New Model for Trade Agreements? (Julien Chaisse, Henry Gao & Chang-fa Lo, eds., Springer 2017).
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