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

See all articles by Dan Ciuriak

Dan Ciuriak

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

Harsha Singh

Independent

Date Written: August 18, 2015

Abstract

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

Ciuriak, Dan and Singh, Harsha, Mega-regional Trade Agreements: How Excluded Countries Can Meet the Challenge (August 18, 2015). 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.. Available at SSRN: https://ssrn.com/abstract=2680215 or http://dx.doi.org/10.2139/ssrn.2680215

Dan Ciuriak (Contact Author)

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Harsha Singh

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