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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, 2015. All Rights Reserved.date: 29 October 2020

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 Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.

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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