There seems to be a general consensus that the Trans-Pacific Partnership is not a pure trade agreement. This column presents evidence suggesting that for at least one major sector – the auto industry – the agreement will make a huge difference, bringing considerable disruption to the industry but offering sizeable gains for car buyers.
Keith Head, Thierry Mayer, Tuesday, November 10, 2015 - 00:00
Dale W. Jorgenson, Koji Nomura, Jon D. Samuels, Wednesday, July 8, 2015 - 00:00
The two lost decades in Japan and the Global Crisis of 2007–2009 have created new opportunities for economic growth. This column describes the evolution of productivity across sectors in Japan and the US and suggests that the greatest payoffs for Japan would come from combining the Trans-Pacific Partnership with domestic reforms and encouraging foreign direct investment.
Gary Clyde Hufbauer, Wednesday, June 24, 2015 - 00:00
The Trans-Pacific Partnership agreement would be the largest single trade agreement concluded worldwide for more than a decade. It would transform world trade governance in ways that are hard to predict. This column discusses the machinations inside the US Congress that gave US negotiators the green light to wrap up the TPP talks. If all goes well, the deal may happen just prior to the APEC Summit in the Philippines in November 2015.
Theodore H. Moran, Lindsay Oldenski, Monday, June 15, 2015 - 00:00
The fate of the TransPacific Partnership rests on US Congressional decisions that will be taken in the next few days. This column discusses research that shows TPP is likely to be pro-jobs, pro-trade, and pro-investment. Blocking the TransPacific Partnership is not a way for members of the US Congress to show that they care about the creation of good jobs in the US.
Gary Clyde Hufbauer, Monday, June 15, 2015 - 00:00
The Trans-Pacific Partnership – a trade deal involving the US and 11 partners – has been imperilled by parliamentarian manoeuvres in the US Congress. This column explains the complex links between the trade deal and the Congressional vote and discusses the next steps.
Jason Furman, Friday, February 20, 2015 - 00:00
Jayant Menon, Monday, November 10, 2014 - 00:00
Tsuyoshi Kawase, Tuesday, July 29, 2014 - 00:00
The regulation of state-owned enterprises in international trade dealings has been cited as a major stumbling block to progress on the Trans-Pacific Partnership negotiations. This column explains the issues of contention, and argues that state-owned enterprises require an explicit and deliberate regulatory treatment. Given their unique properties, a coherent approach to state-owned enterprise regulation would promote progress in negotiations better than the piecemeal of overlapping rules currently considered.
Jayant Menon, Tuesday, July 1, 2014 - 00:00
The Trans-Pacific Partnership (TPP) is taking a long time to conclude. This column argues that the TPP agenda, unlike the Doha round, is more ambitious and controversial. Many see it as skewed in favour of one country – the US. There are fears that even the US may lose interest in the Partnership without the fast-track authority given by the current Congress. The only useful way forward is for countries to take matters in their own hands.
Anabel González, Thursday, May 29, 2014 - 00:00
Mega-regional negotiations will underwrite global governance on 21st-century trade issues and facilitate the proliferation of global and regional value chains. This column writes that Latin American countries would gain from a strengthened and effective WTO to help mitigate the friction and fragmentation that may result from the mega-regionals.
Dennis Novy, Wednesday, May 28, 2014 - 00:00
The negotiations for the Transatlantic Trade and Investment Partnership are about a year old and making only slow progress. This column argues that TTIP is a long-run project that will probably take several years to complete. Despite its significance to global trade, without support from the top echelons of government it might falter.
L Alan Winters, Thursday, May 22, 2014 - 00:00
Most economists cheer the Trans-Atlantic Trade and Investment Partnership that the EU is currently negotiating with the US. This column argues it is a pity that TTIP and other mega-regional agreements have emerged. It sees the exclusion of China in particular as an existential threat to the world trading system. It urges policymakers in the EU to focus instead on the world trading system or even consider an agreement with China.
Lucian Cernat, Friday, November 8, 2013 - 00:00
Trade agenda consists of new and old themes, often closely intertwined. Among the new themes, mega-FTAs– in particular the Trans-Pacific and the Trans-Atlantic Trade and Investment Partnership – have been especially popular. This column discusses the nature of mega-FTAs and their relationship with the multilateral rules. The column concludes that such FTAs promote deep regional integration, but also have positive impact on non-members.
Yasuyuki Todo, Saturday, May 11, 2013 - 00:00
Japan looks set to participate in the Trans-Pacific Partnership (TPP) negotiations. Reflecting the current debate in Japan, this column assesses what effect the Partnership will have on Japan’s growth. Evidence suggests that the economic effects may be far bigger than the current consensus suggests.