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Assessing the Trans-Pacific Partnership, Volume 2: Innovations in Trading Rules

Author

Listed:
  • Jeffrey J. Schott

    (Peterson Institute for International Economics)

  • Cathleen Cimino-Isaacs

    (Peterson Institute for International Economics)

Abstract

On February 4, 2016, the United States and 11 other countries signed the Trans-Pacific Partnership (TPP), an ambitious accord that not only lowers barriers to trade and investment in goods and services but also crafts trading rules and standards in important areas such as intellectual property rights (IPR), state-owned enterprises, digital trade, labor, and environment. Now with the agreement signed, the Obama administration and Congress must work together to draft implementing legislation and resolve outstanding issues that may hold up bipartisan support for the deal. TPP compromises related to IPR, labor, and currency are among the most contentious issues. In a series of publications the Peterson Institute for International Economics has undertaken an ambitious assessment of the TPP's key issues and outcomes to provide a useful reader's guide to the trade pact and contribute to a more educated public debate over its ratification by the United States and other member countries. In Volume 1, PIIE scholars analyzed several major market access and sectoral issues in the TPP. In Volume 2, they assess various innovations in trading rules and how TPP provisions build on past practice. TPP rulemaking in new areas could have important implications for future regional deals and the global trading system writ large.

Suggested Citation

  • Jeffrey J. Schott & Cathleen Cimino-Isaacs, . "Assessing the Trans-Pacific Partnership, Volume 2: Innovations in Trading Rules," PIIE Briefings, Peterson Institute for International Economics, number PIIEB16-4, January.
    • Handle: RePEc:iie:piiebs:piieb16-4
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    File URL: https://www.piie.com/publications/piie-briefings/assessing-trans-pacific-partnership-volume-2-innovations-trading-rules
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    References listed on IDEAS

    as
    1. C. Fred Bergsten & Gary Clyde Hufbauer & Sean Miner & Tyler Moran, 2014. "Bridging the Pacific: Toward Free Trade and Investment between China and the United States," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6918, April.
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    Cited by:

    1. John Ravenhill, 2017. "The political economy of the Trans-Pacific Partnership: a ‘21st Century’ trade agreement?," New Political Economy, Taylor & Francis Journals, vol. 22(5), pages 573-594, September.
    2. Jovanović, Miroslav, 2016. "Emerging Mega International Blocs: Limits and Prospects," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(4), pages 271-316.
    3. Artecona, Raquel & Plank-Brumback, Rosine M., 2016. "Access to medicines and incentives for innovation: The balance struck in the Trans-Pacific Partnership (TPP) on intellectual property (patent and data exclusivity) protection for pharmaceutical produc," Studies and Perspectives – ECLAC Office in Washington 40729, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Matthias Helble, 2017. "Salvaging the Trans-Pacific Partnership: building blocks for regional and multilateral trade opening?," Asia Europe Journal, Springer, vol. 15(4), pages 399-416, December.
    5. Berger, Axel & Bruhn, Dominique & Bender, Andrea & Friesen, Julia & Kick, Katharina & Kullmann, Felix & Roßner, Robert & Weyrauch, Svenja, 2016. "Deep preferential trade agreements and upgrading in global value chains: the case of Vietnam," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 92, number 92, July.

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