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Mega-Regionals and the Regulation of Trade: Implications for Industrial Policy

International Centre for Trade and Sustainable Development (ICTSD) and World Economic Forum, 2015

16 Pages Posted: 13 Mar 2015  

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH

Harsha Vardhana Singh

Independent

Date Written: March 1, 2015

Abstract

Since the stalling of the Doha Round – which was designed to be development friendly – the main trade negotiation action has shifted to mega-regional initiatives. These agreements – particularly the Trans-Pacific Partnership, being the largest and most ambitious – will impact market regulations in a wide range of areas bearing on industrial policy, both by establishing substantive horizontal and sectoral standards and by establishing requirements concerning institutional and procedural approaches to domestic market policies and regulations. Network and demonstration effects will broaden the reach of these measures beyond the immediate parties to the agreement. This note reviews the key industrial policy issue areas under negotiation in the megaregional free-trade agreements and evaluates the likely developments flowing from these agreements in terms of their impact on the international trading system. Based on this review, it discusses the likely future framework for industrial policy, which will integrate the additional policy constraints/changes introduced by these agreements.

Keywords: trade agreements, industrial policy, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership, TPP, TTIP

JEL Classification: F15, L52, O25

Suggested Citation

Ciuriak, Dan and Singh, Harsha Vardhana, Mega-Regionals and the Regulation of Trade: Implications for Industrial Policy (March 1, 2015). International Centre for Trade and Sustainable Development (ICTSD) and World Economic Forum, 2015. Available at SSRN: https://ssrn.com/abstract=2576887

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639
Germany

Harsha Vardhana Singh

Independent ( email )

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