Incorporating Development Among Diverse Members
In: Trade Law, Domestic Regulation and Development
Given the current state of multilateral trade negotiations, it appears that preferential trade agreements (PTAs) will serve as the main vehicle for increased liberalization in the short term. The question arises, therefore, whether the proposed Trans-Pacific Partnership (TPP) should and could include provisions for special treatment for developing countries, and what other aspects of the TPP have special effects on the growth of developing countries. An important range of issues relates to the preservation of policy space for developing countries to take measures to promote their development. PTAs do not normally have significant arrangements for so-called “special and differential treatment,” which at the WTO includes expanded market access for developing countries in developed country markets, and abstention by developed countries from demands for reciprocal market opening of developing countries. Since the TPP is hoped to have an expanding membership, and is heralded as a “21st Century” trade agreement, it is worthwhile to consider what types of special provisions would be appropriate to be included relating to developing countries.
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