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Trans-Pacific Partnership or Trampling Poor Partners? A Tentative Critical Review
Bhala, Raj
Bhala, Raj
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Abstract
The Trans-Pacific Partnership (TPP) could be the most economically and politically significant free trade agreement (FTA) in the Asia-Pacific region. Conceived in 2006 by just four small countries, it now embraces 12 that account for 40 percent of global Gross Domestic Product (GDP). It looks to be a 21st century accord in terms of the breadth and depth of trade barriers it identifies and disciplines.
But, with plenty of likely exceptions, TPP appears to fall short of a ‘free’ trade accord in the Neo-Classical Economic sense. It seems to manage trade in sensitive sectors. Worse yet, negotiated in an almost shamefully non-transparent manner, TPP may well advance an American corporate agenda, with insufficient regard to the most pressing matter in the Asia-Pacific region: poverty alleviation.
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Date
2014-04
Journal Title
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Volume Title
Publisher
Manchester Journal of International Economic Law
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Keywords
Trans-pacific partnership, Free trade agreement, Tpp, FTA, Asia-pacific, Neo-classical economics
Citation
Manchester Journal of International Economic Law, Vol. 11, No. 1, 2014.