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Max Planck Encyclopedia of Public International Law [MPEPIL]

Mega-regionals

Christian Riffel

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 20 September 2021

Subject(s):
International investment law — Regional trade — Specific trade agreements — Fair and equitable treatment standard — National treatment — Non-discrimination

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1The term ‘mega-regionals’ describes a trend in international trade law to negotiate free trade agreements (‘FTAs’; Free Trade Areas) among countries encompassing a considerable share of world trade. Unlike regional trade agreements, they span across sub-regions. Cases in point are the Transatlantic Trade and Investment Partnership (‘TTIP’) between the United States and the European Union, accounting for almost half of global GDP; the Regional Comprehensive Economic Partnership (‘RCEP’) between the Association of Southeast Asian Nations (ASEAN) members and the...
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