Investment confidence and regional trade agreements with the United States

2020 ◽  
Vol 163 ◽  
pp. 92-100
Author(s):  
Alberto Chong ◽  
Carla Srebot

Significance In contrast to this tariff escalation, eagerness to preserve the multilateral, rules-based economic order is drawing Asian countries into inter-regional trade agreements. Negotiations are ongoing to bring into effect a 16-state Regional Comprehensive Economic Partnership (RCEP) and an eleven-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Impacts Absent US involvement in the trade agreements, China will champion its own version of global free trade. Modifications within the CPTPP may reduce any incentive for the United States to rejoin. A US withdrawal from the WTO would weaken dispute systems used by smaller countries.


2016 ◽  
Vol 5 (2) ◽  
pp. 299-314 ◽  
Author(s):  
David A. Gantz

Abstract This introduction explores the historical changes in the trade policies of the United States (U.S.), namely, the shift from the support of multilateral rules to the embracement of regional trade agreements and provides an overview of the political and economic considerations behind the conclusion of the major U.S. free trade agreements.


2019 ◽  
Vol 8 (1) ◽  
pp. 142-166
Author(s):  
Fernanda de Castro Brandão Martins

The United States is facing growing challenges to the advancement of its interests in the World Trade Organization. The assertiveness of emerging countries in advancing their interests in the Doha Round made the achievement of a deal almost impossible. Slow progress is being made (the Trade Facilitation Agreement, for example), but no broad and significant trade deal has been reached so far. There are ongoing suggestions that the Doha round should be abandoned for good. The TPP and TTIP represented two shots the United States has taken to advance its trade interests outside the scope of the WTO, escaping possible challenges imposed by emerging countries. The irony behind this is that the trade regime in force was created by the United States at the height of its hegemony. The questions driving this paper are: Is this option for trade agreements related to American hegemonic decline? And to what extent does this option weaken the weaken the multilateral trade regime embodied in the WTO? There is a brief discussion about the future of this strategy under Trump’s presidency, who has a different stance regarding regional trade agreements.     Recebido em: maio/2018.Aprovado em: janeiro/2019.


Significance However, the government forecasts just 2.60% growth for the full year 2018. GDP growth in Taiwan is volatile but it is trending downward, averaging 2.5% annually during the years 2011-17. Taiwan’s disputed sovereignty and ambiguous international legal status make it difficult for it to maintain its global competitiveness as a small, highly trade-dependent economy. Impacts Other regional states will find an eager and active partner in Taiwan but they will be wary of antagonising China. Trade tensions between China and the United States threaten Taiwan's economy, since many Taiwanese companies supply Chinese exporters. Beijing may insist that regional trade agreements do not accept Taiwan as a member unless they include China, too.


2013 ◽  
Vol 41 (1) ◽  
pp. 199-223 ◽  
Author(s):  
Ruth Lopert ◽  
Deborah Gleeson

The United States’ pursuit of increasingly TRIPS-Plus levels of intellectual property protection for medicines in bilateral and regional trade agreements is well recognized. Less so, however, are U.S. efforts through these agreements, to directly influence and constrain the pharmaceutical coverage programs of its trading partners. The pursuit of increasing levels of intellectual property (IP) protection in successive bilateral and regional trade agreements has been driven, at least in part, by a U.S. desire to achieve standards of protection it anticipated from the TRIPS Agreement, but failed to secure. Despite the conclusion of a global agreement on IP standards that would establish significant protections in countries that had hitherto declined them, the U.S. pharmaceutical industry viewed TRIPS as falling well short of its objectives — particularly in light of the delayed introduction of patent protection in countries that are key suppliers of generic medicines, such as India.


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