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New Approaches to International Regulatory Cooperation: The Challenge of TTIP, TPP, and Mega-Regional Trade Agreements

Year: 2015
Type: article
Abstract: International regulatory cooperation (IRC) has become a hot topic in recent years.President Obama has issued an executive order to prompt federal agencies to engage in IRC under oversight by the Office of Management and Budget 1 and has championed two highly important new IRC initiatives: the Transatlantic Trade and Investment Partnership (TTIP), and the Trans-Pacific Partnership (TPP).These initiatives respond to basic global trends that pose fresh opportunities and challenges for domestic regulation and for IRC.These include the persistence, notwithstanding relatively low tariff levels, of behindthe-border regulatory and other impediments to trade and investment; controversy over whether these differences in national regulations are justified by differing national preferences or are unwarranted obstacles; unrealized opportunities to promote global integration of services and other sectors through global supply chains; relatively sluggish growth in Organization for
Language: English
Open Access status: green
OpenAlex ID: W2270833107
FWCI: 11.01
Cites:
Cited by: 13
Related to: 10