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Accession to TPP: Veto Power and “Opt-Out” Option

In: Paradigm Shift in International Economic Law Rule-Making

Author

Listed:
  • Shintaro Hamanaka

    (IDE-JETRO)

Abstract

One of the Veto power mostOpt-out important policy questions relating to the future impact of the Trans-Pacific Partnership on the global and regional economy is whether other countries in the region, particularly China, will join the partnership. While several commentators have made some observations regarding the future prospects of TPP expansion, little scholarly analysis has been conducted. To go beyond the speculation of a certain country’s accession to TPP, we first attempt to generalize the issue before moving on to a specific question. We conduct a comparative analysis of a large number of regional trade agreements (RTAs) for a better understanding of the parameters of RTAs that are critical for membership expansion. This general framework enables us to conduct a systematic examination of specific membership expansion cases, such as China’s membership in TPP. The paper also proposes a necessary “accession practice” that truly facilitates new members’ participation to TPP and RTAs in general.

Suggested Citation

  • Shintaro Hamanaka, 2017. "Accession to TPP: Veto Power and “Opt-Out” Option," Economics, Law, and Institutions in Asia Pacific, in: Julien Chaisse & Henry Gao & Chang-fa Lo (ed.), Paradigm Shift in International Economic Law Rule-Making, chapter 0, pages 435-456, Springer.
    • Handle: RePEc:spr:eclchp:978-981-10-6731-0_25
    DOI: 10.1007/978-981-10-6731-0_25
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