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A Geo-Economic Turn in Trade Policy?Product Regulations: You Can Drive My Car, Otherwise Let It Be

A Geo-Economic Turn in Trade Policy?: Product Regulations: You Can Drive My Car, Otherwise Let It Be [As tariffs have fallen and transnational production has proliferated, regulatory differences have become significant impediments to trade in goods. As a result, regulatory cooperation has become an important element of free trade agreements (FTAs). A common assumption is that governments seek to eliminate regulatory obstacles to trade by aligning their rules. This raises the prospect of geopolitically fueled regulatory competition and potential conflict among regulatory great powers. Based on an analysis of the EU’s agreements and textual proposals in with Asia–Pacific countries, this chapter demonstrates that this is not the case. With the notable, yet partial exception of motor vehicles, these agreements do not seek regulatory alignment beyond what the parties had previously committed to multilaterally. Analysis of the EU’s publicly available negotiating texts strongly suggests that the limited extent of regulatory cooperation in its FTAs largely reflects what the EU anticipates are the limits of acceptable cooperation, rather than the negotiating power of its partner. The US pursues an even less assertive strategy. Moreover, partner countries strive to preserve their capacity to pursue regulatory cooperation with multiple regulatory great powers. Therefore, the EU is not securing a first-mover advantage in the Asia–Pacific region with respect to trade in goods.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Geo-Economic Turn in Trade Policy?Product Regulations: You Can Drive My Car, Otherwise Let It Be

Part of the The European Union in International Affairs Book Series
Editors: Adriaensen, Johan; Postnikov, Evgeny
Young, Alasdair R.
Springer Journals — Feb 5, 2022
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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
ISBN
978-3-030-81280-5
Pages
149 –173
DOI
10.1007/978-3-030-81281-2_7
Publisher site
See Chapter on Publisher Site

Abstract

[As tariffs have fallen and transnational production has proliferated, regulatory differences have become significant impediments to trade in goods. As a result, regulatory cooperation has become an important element of free trade agreements (FTAs). A common assumption is that governments seek to eliminate regulatory obstacles to trade by aligning their rules. This raises the prospect of geopolitically fueled regulatory competition and potential conflict among regulatory great powers. Based on an analysis of the EU’s agreements and textual proposals in with Asia–Pacific countries, this chapter demonstrates that this is not the case. With the notable, yet partial exception of motor vehicles, these agreements do not seek regulatory alignment beyond what the parties had previously committed to multilaterally. Analysis of the EU’s publicly available negotiating texts strongly suggests that the limited extent of regulatory cooperation in its FTAs largely reflects what the EU anticipates are the limits of acceptable cooperation, rather than the negotiating power of its partner. The US pursues an even less assertive strategy. Moreover, partner countries strive to preserve their capacity to pursue regulatory cooperation with multiple regulatory great powers. Therefore, the EU is not securing a first-mover advantage in the Asia–Pacific region with respect to trade in goods.]

Published: Feb 5, 2022

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