MEGA-REGIONALS. Het begint met een idee
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1 MEGA-REGIONALS nr. Het begint met een idee
2 STAGES IN INTERNATIONAL ECONOMIC COOPERATION Post WWII Structure Bretton Woods (ITO, GATT, IBRD, IMF) 1990s WTO (1995) Emerging IIAs/BITs Current Comprehensive Regionalism 2 Faculty of Law / TLS
3 Regional Trade and Investment Agreements picking up in the 1990s
4 SIGNING INVESTMENT TREATIES & PHOTO OPPORTUNITIES
5 NOODLE/SPAGHETTI BOWL
6 (MEGA)-REGIONALISM What? > TPP, CETA, TTIP, EU-ASEAN members, EU-Vietnam/Singapore/Indonesia, EU- China, US-China Why? > WTO progress stalls, members seek deeper and broader integration > Regionalism offers synergy between trade and investment, responds to supply chain manufacturing Relation to WTO? > Regionals rely on WTO exceptions for FTAs and CUs TPP Trans-Pacific Partnership CETA Comprehensive Economic and Trade Agreement TTIP Transatlantic Trade & Investment Partnership 6 Faculty / department / title presentation
7 TPP integrates trade, investment and monetary disciplines
8 Focus on South East Asian countries
9 TPP-CHAPTERS COMPREHENSIVE > Initial Provisions and General Definitions > National Treatment and Market Access for Goods > Rules of Origin and Origin Procedures > Textiles and Apparel > Customs Administration and Trade Facilitation > Trade Remedies (i.e. dumping) > Sanitary and Phytosanitary Measures > Technical Barriers to Trade > Investment > Cross Border Trade in Services > Financial Services > Temporary Entry for Business Persons > Telecommunications > Electronic Commerce > Government Procurement > Competition Policy > State-Owned Enterprises and Designated Monopolies > Intellectual Property > Labour > Environment > Cooperation and Business Facilitation > Development > Small and Medium-Sized Enterprises > Regulatory Coherence > Transparency and Anti-Corruption > Administration and Institutional Provisions > Dispute Settlement d9de8d01b5
10 OPPORTUNITIES AND RISKS OF REGIONALISM Create political partnerships Promote economic growth and social benefits Reinforce sustainable development objectives Marginalize outsiders Global problems remain unsolved Dilute sustainable development objectives 10 Faculty / department / title presentation
11 SUSTAINABLE DEVELOPMENT IN EU-VIETNAM FTA (TEXT PUBLISHED JANUARY 2016) FTA confirms sovereign right to regulate and establish levels of protection Soft law obligations encourage to promote agree to engage > Multilateral labour standards and agreements > Multilateral environmental agreements > Climate change > Biological diversity > Sustainable forest management and trade in forest products > Sustainable management of living marine resources and aquaculture products 11 Faculty / department / title presentation
12 MAJOR ISSUES OF TTIP Harmonizing technical and sanitary standards > Parties continue to maintain their own standards of protection > US-EU Regulatory Cooperation Body develops and reviews standards Investment and services: market access by negative lists > Need to exclude sectors in economy for FDI Balancing investors rights and regulatory autonomy > Need to protect legitimate public welfare objectives, such as health, safety and the environment against investor claims Procedural: ISDS => ICS > Investment Court System (ICS instead of ISDS) still bypasses domestic law and courts > Alternatives should be considered 12 Faculty / department / title presentation
13 STELLINGEN 1. TTIP (en andere mega-regionals) zijn noodzakelijk om het wereldhandelssysteem vitaal en beheersbaar te houden 2. Post-TTIP onderhandelingen leiden niet vanzelf tot lagere standaarden. Partijen mogen aan eigen standaarden vasthouden. Hogere standaarden zijn ook mogelijk. 3. TTIP standaarden zullen wereldwijd gelden 4. Geschillen tussen investeerders en gaststaten moeten voor nationale gerechten worden beslecht. Na uitputting van nationale procedures staat het Investment Court System open 13 Faculty / department / title presentation
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