East Asian Economic Review

Korea Institute for International Economic Policy (대외경제정책연구원)
권호 표지
DOI QR코드

DOI QR Code

'Behind-the-Border' Regulatory Policies and Trade Agreements

  • Received : 2018.01.09
  • Accepted : 2018.08.30
  • Published : 2018.09.30
Download PDF
⟨ Previous Next ⟩

Abstract

A consequence of global trade liberalization is that domestic regulatory policies have become a focal point for efforts to reduce the costs of engaging in cross-border production and exchange. This article discusses the general challenges of reducing trade frictions created by regulatory differences, focusing specifically on the role trade agreements might play in addressing regulatory spillovers. A case is made for a greater focus on plurilateral cooperation under the umbrella of the WTO.

Keywords

References

  1. Arnold, P. 2005. "Disciplining Domestic Regulation: The World Trade Organization and the Market for Professional Services," Accounting, Organizations and Society, vol. 30, no. 4, pp. 299-330. https://doi.org/10.1016/j.aos.2004.04.001
  2. Bismuth, R. 2010. "Financial Sector Regulation and Financial Services Liberalization at the Crossroads: The Relevance of International Financial Standards in WTO Law," Journal of World Trade, vol. 44, no. 2, pp. 489-514.
  3. Bollyky, T. 2012. Regulatory Coherence in the Trans-Pacific Partnership Talks. In Lim, C. L., Elms, D. and P. Low. (eds.) The Trans-Pacific Partnership: A Quest for a 21st Century Trade Agreement. Cambridge, UK: Cambridge University Press. pp. 171-186.
  4. Canada. 2014. Canada-US Regulatory Cooperation Council: Joint Forward Plan. Ottawa: The Council.
  5. Cardoso, D., Mthembu, P., Venhaus, M. and M. V. Garrido. (eds.) 2013. The Transatlantic Colossus: Global Contributions to Broaden the Debate on the EU-US Free Trade Agreement. Berlin: Berlin Forum on Global Politics.
  6. Coglianese, C. and E. Mendelson. 2010. Meta-Regulation and Self-Regulation. In Baldwin, R., Cave, B. and M. Lodge. (eds.) The Oxford Handbook of Regulation. Oxford: Oxford University Press.
  7. Government of Canada. 2017. Text of the Comprehensive Economic and Trade Agreement. Ottawa: Global Affairs Canada. (accessed December 10, 2017)
  8. Hoekman, B. 2015. Trade Agreements and International Regulatory Cooperation in a Supply Chain World. In Tapp, S., van Aasche, A. and R. Wolfe. (eds.) Redesigning Canadian Trade Policies for New Global Realities. Ottawa: IRPP. pp. 1-29.
  9. Hoekman, B. 2016. The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake or Mirage?. In Bhagwati, J., Krishna, P. and A. Panagariya. (eds.) Challenges Facing the World Trading System. Cambridge, MA: MIT Press.
  10. Hoekman, B. 2017. Behind-the-Border Policies: Regulatory Cooperation and Trade Agreements. In Primo Braga, C. A. and B. Hoekman (eds.) Future of the Global Trade Order. San Domenico Di Fiesole: European University Institute.
  11. Hoekman, B. and P. C. Mavroidis. 2015. "Embracing Diversity: Plurilateral Agreements and the Trading System," World Trade Review, vol. 14, no. 1, pp. 101-116. https://doi.org/10.1017/S1474745614000378
  12. Hoekman, B. and P. C. Mavroidis. 2016. A Technical Barriers to Trade Agreement for Services?. In Sauve, P. and M. Roy. (eds.) Research Handbook on Trade in Services. Northampton, MA: Edward Elgar.
  13. Hoekman, B. and P. C. Mavroidis. 2017. "MFN Clubs and Scheduling Additional Commitments in the GATT: Learning from the GATS," European Journal of International Law, vol. 28, no. 3, pp. 387-407. https://doi.org/10.1093/ejil/chx022
  14. Hoekman, B. and C. Sabel. 2017. Trade Agreements, Regulatory Sovereignty and Democratic Legitimacy. EUI Working Paper, no. RSCAS 2017/36.
  15. Horn, H., Mavroidis, P. C. and E. Wijkstrom. 2013. "In the Shadow of the DSU: Addressing Specific Trade Concerns in the SPS and TBT Committees," Journal of World Trade, vol. 47, no. 4, pp. 729-760.
  16. Humphrey, J. 2012. "Convergence of US and EU Production Practices under the New FDA Food Safety Modernization Act," World Economy, vol. 35, no. 8, pp. 994-1005. https://doi.org/10.1111/j.1467-9701.2012.01458.x
  17. Laffont, J.-J. 1994. "The New Economics of Regulation Ten Years After," Econometrica, vol. 62, no. 3, pp. 507-537. https://doi.org/10.2307/2951658
  18. Lawrence, R. 2006. "Rulemaking Amidst Growing Diversity: A 'Club of Clubs' Approach to WTO Reform and New Issue Selection," Journal of International Economic Law, vol. 9, no. 4, pp. 823-835. https://doi.org/10.1093/jiel/jgl032
  19. Messerlin, P. 2014. Negotiating Mega-Agreements: Lessons from the EU. RCSAS Working Paper, no. 2014/112. Florence: European University Institute.
  20. Organisation for Economic Co-operation and Development (OECD). 2013. International Regulatory Co-operation: Addressing Global Challenges. Paris: OECD.
  21. Messerlin, P. 2014. Draft Study on MRAs: Stocktaking and Case Studies. GOV/RPC(2014)12. Paris: OECD.
  22. Pelkmans, J. 2012. Mutual Recognition: Economic and Regulatory Logic in Goods and Services. Bruges European Economic Research Papers, no. 24/2012. Bruges: College of Europe.
  23. Posner, R. 2013. The Concept of Regulatory Capture: A Short, Inglorious History. In Carpenter, D. and D. Moss. (eds.) Preventing Regulatory Capture: Special Interest Influence and How to Limit It. Cambridge, UK: Cambridge University Press.
  24. Sabel, C. and W. Simon. 2011. "Minimalism and Experimentalism in the Administrative State," Georgetown Law Journal, vol. 100, pp. 53-93.
  25. Steger, D. 2012. "Institutions for Regulatory Cooperation in 'New Generation' Economic and Trade Agreements," Legal Issues of Economic Integration, vol. 39, no. 1, pp. 109-126.
  26. Stigler, G. 1975. The Citizen and the State: Essays on Regulation. Chicago: University of Chicago Press.
  27. Verdier, P.-H. 2011. "Mutual Recognition in International Finance," Harvard International Law Journal, vol. 52, no. 1, pp. 56-108.
  28. Vogel, D. 2012. The Politics of Precaution: Regulating Health, Safety, and Environmental Risks in Europe and the United States. Princeton, NJ: Princeton University Press.
  29. Wijkstrom, E. 2015. The Third Pillar: Behind the Scenes, WTO Committee Work Delivers. The E15 Initiative. (accessed November 7, 2017).
  30. Wijkstrom, E. and D. McDaniels. 2013. "Improving Regulatory Governance: International Standards and the WTO TBT Agreement," Journal of World Trade, vol. 47, no. 5, pp. 1013-1046.
  31. World Trade Organization (WTO). 2015. The WTO at Twenty: Challenges and Achievements. Geneva: WTO.
  32. Young, A. 2016. "Not Your Parents' Trade Politics: The Transatlantic Trade and Investment Partnership Negotiations," Review of International Political Economy, vol. 23, no. 3, pp. 345-378. https://doi.org/10.1080/09692290.2016.1150316