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

Shintaro Hamanaka ()
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Shintaro Hamanaka: IDE-JETRO

Chapter Chapter 25 in Paradigm Shift in International Economic Law Rule-Making, 2017, pp 435-456 from Springer

Abstract: 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.

Keywords: Trans-Pacific Partnership (TPP); Free Trade Area of the Asia-Pacific (FTAAP); Membership; Accession; Veto; Opt-out (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-10-6731-0_25

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DOI: 10.1007/978-981-10-6731-0_25

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