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Fostering Transatlantic Regulatory Cooperation and Gradual Multilateralization

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  • Bernard Hoekman

Abstract

The ongoing negotiations on a Transatlantic Trade and Investment Partnership (TTIP) between the EU and the USA revolve to a significant extent around an effort to reduce the trade cost-raising effect of differences in regulation. The extent to which a TTIP will generate economic benefits will be determined in large part by the extent to which it will reduce such costs. This will also be a major factor determining the impacts of a TTIP on third countries. This article reflects on some of the challenges confronting regulatory cooperation, proposes several mechanisms to support greater cooperation on regulatory matters, and discusses how TTIP-based regulatory initiatives might be multilateralized over time.

Suggested Citation

  • Bernard Hoekman, 2015. "Fostering Transatlantic Regulatory Cooperation and Gradual Multilateralization," Journal of International Economic Law, Oxford University Press, vol. 18(3), pages 609-624.
  • Handle: RePEc:oup:jieclw:v:18:y:2015:i:3:p:609-624.
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    File URL: http://hdl.handle.net/10.1093/jiel/jgv028
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    Cited by:

    1. Bernard Hoekman, 2015. "International Cooperation on Public Procurement Regulation," RSCAS Working Papers 2015/88, European University Institute.
    2. Chad P. Bown, 2017. "Mega-Regional Trade Agreements and the Future of the WTO," Global Policy, London School of Economics and Political Science, vol. 8(1), pages 107-112, February.

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