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Part II Bilateral and Regional Trade Agreements, Ch.9 Pacific Trade

Yuka Fukunaga, Pasha L. Hsieh

From: The Oxford Handbook of International Trade Law (2e) (2nd Edition)

Edited By: Daniel Bethlehem, Donald McRae, Rodney Neufeld, Isabelle Van Damme

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 16 July 2024

The chapter provides an overview of the main legal structures that govern Pacific trade in the Third Regionalism. It offers insight into the evolution of the Association of Southeast Asian Nations (ASEAN) Economic Community, as well as ASEAN’s external agreements with Asia-Pacific economies including China, India, Japan, Korea, Hong Kong, Australia and New Zealand. It also discusses legal and policy considerations for the Regional Comprehensive Economic Partnership (RCEP) based on ASEAN Plus One agreements. Furthermore, by focusing on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the chapter analyses key issues such as rules of origin, market access, electronic commerce, state-owned enterprises and currency manipulation. It is imperative to understand these critical developments of ASEAN, the CPTPP and the RCEP amid trade protectionism and the COVID-19 pandemic.

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