Regulatory Coherence in the Trans-Pacific Partnership Talks
Thomas J. Bollyky
Council on Foreign Relations
C.L. Lim, Deborah Elms, Patrick Low (eds.), The Trans-Pacific Partnership: A Quest for a 21st Century Trade Agreement, Cambridge University Press, Nov. 2012, pp. 171-186
Whether the Trans-Pacific Partnership (TPP) talks result in a “high quality, 21st century” trade agreement will depend on its inclusion of new and innovative approaches to persistent trade challenges. Among the new approaches proposed, regulatory coherence appears to have the greatest traction, but it is also among the most controversial. This chapter examines the TPP regulatory coherence negotiations in four parts. First, it describes, in general terms, the increasingly dominant role of domestic regulation in international trade. Second, the chapter outlines the evolution of regulatory coherence as a matter for international trade negotiation. Third, it identifies the provisions that would best achieve the goals of regulatory coherence. Last, this chapter predicts the likely outcome of the TPP talks in this area – an important contribution on an emerging issue in international trade, but one that falls short of the stated ambitions of TPP negotiators.
Number of Pages in PDF File: 23
Keywords: trade, regulation, TPP, Trans-Pacific Partnership, regulatory, coherence, consistency, convergance, OIRA
JEL Classification: E13, I18, G18, O1, O2
Date posted: September 18, 2013
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