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Trans-Pacific Partnership and East Asian Cooperation: A Contest of Free Trade Agreement Templates

Author: Shen MinghuiSilver Editor Source: Blue Book Of Asia-PacificTime :2014-05-07 14:39:00

  Abstract: According to the leaked information, the investment chapter of TPP is likely to follow the 2004 Model Bilateral Investment Treaty (2004 Model BIT) of the United States. This message helps to explain the U.S.’s intent to fuel the TPP initiative. It shows that the U.S. is aimed to maintain and strengthen its authority in international economic rulemakings through creating a new FTA template in the Asia-Pacific Region. From this perspective, the competition and evolution of TPP and East Asian Cooperation is expected to influence and decide the future of trade liberalization in the region.

  Key Words: Trans-Pacific Partnership; East Asian Cooperation; Trade Templates; Investment