“No Big Deal” says Krugman

Gary Clyde Hufbauer, Cathleen Cimino, 17 March 2014

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In a “man bites dog” column for the New York Times (February 27th), Paul Krugman, a self-proclaimed free trader, declared that the Trans-Pacific Partnership is “No Big Deal”. With free traders like this, who needs protectionists?

Equally disturbing as his headline, were the dubious justifications offered by Princeton’s Nobel Laureate.

Topics: Global governance, International trade
Tags: globalization, trade liberalization, Trans-Pacific Partnership

WTO agreement: The Bali Ribbon

Richard Baldwin, 12 December 2013

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Bali’s success got multilateralism out of the emergency room and into the intensive care unit – but we don’t know whether the operation was a success. The Bali package is only distantly related to the heart of the 2001 agenda (WTO 2013).

Topics: Global governance, International trade
Tags: Bali, Doha, mega-regional negotiations, multilateralism, regional trade agreements, trade, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership, WTO

Estimating the effect of the TPP on Japan’s growth

Yasuyuki Todo, 11 May 2013

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Prime Minister Abe recently announced that Japan would participate in the Trans-Pacific Partnership negotiations, with all other Trans-Pacific Partnership parties now having accepted Japan.1 This trade demarche is viewed as a key part of ‘Abenomics’ (Petri, Plummer and Zhai 2013). Although the dye has been cast, the debate in Japan has not ended.

Topics: International trade
Tags: FDI, foreign direct investment, Japan, TPP, Trans-Pacific Partnership

The surprise end game in global trade

Kati Suominen, 20 December 2012

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With President Obama looking on, China orchestrated the launch of negotiations for a tripartite free trade deal with Korea and Japan during the recent East Asia Summit. But as much as China is assumed to be the new powerbroker in global commerce, Beijing’s moves are reactionary.

Topics: Global governance, International trade
Tags: free trade agreements, Trans-Pacific Partnership, WTO

A Big Deal: Canada and Mexico join the Pacific Trade Pact

Claude Barfield, 1 August 2012

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The most significant development during the G20 summit in Mexico occurred on the sidelines and was largely buried in media reports. It was the decision to invite Canada and Mexico to join negotiations for the Trans-Pacific Partnership (TPP).

Topics: International trade
Tags: free trade agreements, regionalism, Trans-Pacific Partnership

TPP negotiations, anticipatory trade creation, and implications for European trade policy

Florian Mölders, Ulrich Volz, 23 March 2012

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The Trans-Pacific Partnership (TPP) agreement has been under negotiation since 2010. TPP negotiations build on the Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei Darussalam, Chile, New Zealand, and Singapore, which was signed in June 2005 and entered into force in May 2006.

Topics: International trade
Tags: Asia-Pacific, Canada, Japan, Mexico, trade policy, Trans-Pacific Partnership

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