Mega-regional Trade Agreements: How Excluded Countries Can Meet the Challenge
Chapter 11 in "TPP and India: Implications of Mega-regionals for Developing Economies," edited by Harsha V. Singh. New Delhi: Wisdom Tree, 2016. Pp. 443-460.
22 Pages Posted: 26 Oct 2015 Last revised: 15 Mar 2016
Date Written: August 18, 2015
The mega regional trade agreements – the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Regional Comprehensive Economic Partnership (RCEP), and the Trade in Services Agreement (TISA) – will impact on non-parties through a combination of trade and investment diversion and the spillover effects from the emerging regulatory framework for global commerce that these agreements will effectively put in place. This paper reviews the changes to the regulation of international commerce that will be brought about by the mega regional trade agreements. Based on this review, it develops options for policy responses by those economies that are not members of the mega regional agreements.
Keywords: mega regional trade agreements, TPP, TTIP, TISA, RCEP, trade rules, non-tariff measures, regulatory compliance
JEL Classification: F15, L52, O25
Suggested Citation: Suggested Citation