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Trade Agreements and International Regulatory Cooperation in a Supply Chain World

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  • Bernard Hoekman

Abstract

Many of the policies that affect international supply chains and associated trade flows are regulatory in nature. Governments generally do not pursue domestic regulation or design trade agreements with a view to support the “trade as production” model by reducing regulatory differences that have the effect of impeding trade. This paper proposes several mechanisms to help make policy more supportive of regulatory cooperation initiatives that are aimed at reducing excess costs that negatively affect supply chain trade and investments, and that can be incorporated into trade agreements. While the analysis and suggestions are general, specific context and examples are provided by recent trade agreements and regulatory cooperation initiatives involving Canada, the EU and the US.

Suggested Citation

  • Bernard Hoekman, 2015. "Trade Agreements and International Regulatory Cooperation in a Supply Chain World," RSCAS Working Papers 2015/04, European University Institute.
    • Handle: RePEc:rsc:rsceui:2015/04
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    References listed on IDEAS

    as
    1. Hoekman, Bernard M. & Mavroidis, Petros C., 2015. "Embracing Diversity: Plurilateral Agreements and the Trading System," World Trade Review, Cambridge University Press, vol. 14(1), pages 101-116, January.
    2. Oecd, 2005. "The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment in the OECD," OECD Economics Department Working Papers 463, OECD Publishing.
    3. Bernard Hoekman, 2014. "The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake or Mirage?," RSCAS Working Papers 2014/102, European University Institute.
    4. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," IIDE Discussion Papers 20130401, Institue for International and Development Economics.
    5. Patrick Messerlin, 2014. "Negotiating Mega-Agreements: Lessons from the EU," RSCAS Working Papers 2014/112, European University Institute.
    6. Levy, Philip I & Srinivasan, T N, 1996. "Regionalism and the (Dis)advantage of Dispute-Settlement Access," American Economic Review, American Economic Association, vol. 86(2), pages 93-98, May.
    7. Oecd, 2005. "The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment: The Case of the United States and the European Union," OECD Economics Department Working Papers 432, OECD Publishing.
    8. Patrick Messerlin, 2014. "Negotiating Mega-Agreements: Lessons from the EU," EUI-RSCAS Working Papers p0411, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    9. Bernard Hoekman, 2014. "The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake or Mirage?," RSCAS Working Papers 2014/102, European University Institute.
    10. Robert Wolfe, 2015. "An Anatomy of Accountability at the WTO," Global Policy, London School of Economics and Political Science, vol. 6(1), pages 13-23, February.
    11. Simon Lester & Inu Barbee, 2013. "The Challenge of Cooperation: Regulatory Trade Barriers in the Transatlantic Trade and Investment Partnership," Journal of International Economic Law, Oxford University Press, vol. 16(4), pages 847-867, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Bernard M. Hoekman & Petros C. Mavroidis, 2015. "A Technical Barriers to Trade Agreement for Services?," RSCAS Working Papers 2015/25, European University Institute.
    2. Annalisa Zezza & Federica Demaria & Maria Rosaria Pupo d'Andrea & Jo Swinnen & Giulia Meloni & Senne Vandevelde & Alessandro Olper & Daniele Curzi & Valentina Raimondi & Sophie Drogue, 2018. "Research for AGRI Committee - Agricultural trade: assessing reciprocity of standards," Working Papers hal-02787948, HAL.

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    More about this item

    Keywords

    Supply chains; trade agreements; regulation; CETA; TTIP;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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