Services in the Trans-Pacific Partnership: What Would Be Lost?

46 Pages Posted: 8 Feb 2017 Last revised: 30 Apr 2018

See all articles by Batshur Gootiiz

Batshur Gootiiz

World Bank

Aaditya Mattoo

World Bank - Development Research Group (DECRG)

Date Written: February 7, 2017

Abstract

As the fate of the Trans-Pacific Partnership (TPP) hangs in balance, an evaluation of what it offers could inform current decisions and shape future negotiations. The TPPs services component has been hailed as one of the agreement's major accomplishments. To assess the agreement's impact on national policy in the major services sectors, we created a new public database. This database reveals that TPP commitments seldom go beyond countries' applied policies, suggesting the explicit liberalization resulting from the agreement is limited only to a few countries and a few areas. However, the TPP enhances transparency and policy certainty because parties'services commitments cover more trading partners, more sectors and are in some cases closer to applied policies than their commitments under previous agreements. Furthermore, new TPP rules, including on state-owned enterprises, government procurement and competition policy, could enhance services market access. In particular, the TPP breaks new ground in prohibiting restrictions on international data flows, while at the same time creating unprecedented obligations on all parties to protect consumers from fraud and protect privacy. These dual obligations on importing and exporting countries represent a model for regulatory cooperation that could elicit greater market opening if applied to other areas.

Keywords: Transport Services, International Trade and Trade Rules, Telecommunications Infrastructure, Trade and Services, Trade Policy, Rules of Origin, Trade and Multilateral Issues

Suggested Citation

Gootiiz, Batshur and Mattoo, Aaditya, Services in the Trans-Pacific Partnership: What Would Be Lost? (February 7, 2017). World Bank Policy Research Working Paper No. 7964. Available at SSRN: https://ssrn.com/abstract=2913325

Batshur Gootiiz (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Aaditya Mattoo

World Bank - Development Research Group (DECRG) ( email )

1818 H Street, N.W.
Room MC 3-327
Washington, DC 20433
United States
202-458-8047 (Phone)
202-676-9810 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/amattoo

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