Multilateralising 21st century regionalism

The multilateralisation of regionalism takes different forms when applied to deep versus shallow regional trade agreements (RTAs). Shallow agreements focus on discriminatory tariffs; hence, multilateralisation strives mainly to reduce discrimination. Deep agreements focus on the disciplines necessary to foster international production sharing; key provisions often resembling unilateral liberalisations that just happen to be bound by an RTA. In this case, multilateralisation achieves network externalities and solves co-ordination problems. This paper suggests a novel framework for thinking about the costs and benefits of multilateralising the provisions in deep RTAs, including those that seem set to appear in the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP).


Publication infos:
Paris, OECD, 2014
Publication year:
2014
Number of pages:
46 p.
Notes:
Global Forum on Trade: Reconciling Regionalism and Multilateralism in a Post-Bali World



 Record created 2014-09-10, last modified 2019-08-05

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