Services in the Trans-Pacific Partnership : What Would Be Lost?

As the fate of the Trans-Pacific Partnership (TPP) hangs in balance, an evaluation of what it offers could inform current decisions and shape future negotiations. The TPP's services component has been hailed as one of the agreement's majo...

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Main Authors:	Gootiiz, Batshur, Mattoo, Aaditya
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	trade policy economic integration international agreements trade agreements services trade
Online Access:	http://documents.worldbank.org/curated/en/512711486497950394/Services-in-the-trans-pacific-partnership-what-would-be-lost http://hdl.handle.net/10986/26023

id	okr-10986-26023
recordtype	oai_dc
spelling	okr-10986-260232021-06-14T10:14:47Z Services in the Trans-Pacific Partnership : What Would Be Lost? Gootiiz, Batshur Mattoo, Aaditya trade policy economic integration international agreements trade agreements services trade As the fate of the Trans-Pacific Partnership (TPP) hangs in balance, an evaluation of what it offers could inform current decisions and shape future negotiations. The TPP's services component has been hailed as one of the agreement's major accomplishments. To assess the agreement’s impact on national policy in the major services sectors, we created a new public database. This database reveals that TPP commitments seldom go beyond countries' applied policies, suggesting the explicit liberalization resulting from the agreement is limited only to a few countries and a few areas. However, the TPP enhances transparency and policy certainty because parties' services commitments cover more trading partners, more sectors and are in some cases closer to applied policies than their commitments under previous agreements. Furthermore, new TPP rules, including on state-owned enterprises, government procurement and competition policy, could enhance services market access. In particular, the TPP breaks new ground in prohibiting restrictions on international data flows, while at the same time creating unprecedented obligations on all parties to protect consumers from fraud and protect privacy. These dual obligations on importing and exporting countries represent a model for regulatory cooperation that could elicit greater market opening if applied to other areas. 2017-02-08T22:34:23Z 2017-02-08T22:34:23Z 2017-02 Working Paper http://documents.worldbank.org/curated/en/512711486497950394/Services-in-the-trans-pacific-partnership-what-would-be-lost http://hdl.handle.net/10986/26023 English en_US Policy Research Working Paper;No. 7964 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific Latin America & Caribbean Australia Brunei Darussalam Canada Chile Japan Mexico New Zealand Peru Singapore United States Vietnam
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	trade policy economic integration international agreements trade agreements services trade
spellingShingle	trade policy economic integration international agreements trade agreements services trade Gootiiz, Batshur Mattoo, Aaditya Services in the Trans-Pacific Partnership : What Would Be Lost?
geographic_facet	East Asia and Pacific Latin America & Caribbean Australia Brunei Darussalam Canada Chile Japan Mexico New Zealand Peru Singapore United States Vietnam
relation	Policy Research Working Paper;No. 7964
description	As the fate of the Trans-Pacific Partnership (TPP) hangs in balance, an evaluation of what it offers could inform current decisions and shape future negotiations. The TPP's services component has been hailed as one of the agreement's major accomplishments. To assess the agreement’s impact on national policy in the major services sectors, we created a new public database. This database reveals that TPP commitments seldom go beyond countries' applied policies, suggesting the explicit liberalization resulting from the agreement is limited only to a few countries and a few areas. However, the TPP enhances transparency and policy certainty because parties' services commitments cover more trading partners, more sectors and are in some cases closer to applied policies than their commitments under previous agreements. Furthermore, new TPP rules, including on state-owned enterprises, government procurement and competition policy, could enhance services market access. In particular, the TPP breaks new ground in prohibiting restrictions on international data flows, while at the same time creating unprecedented obligations on all parties to protect consumers from fraud and protect privacy. These dual obligations on importing and exporting countries represent a model for regulatory cooperation that could elicit greater market opening if applied to other areas.
format	Working Paper
author	Gootiiz, Batshur Mattoo, Aaditya
author_facet	Gootiiz, Batshur Mattoo, Aaditya
author_sort	Gootiiz, Batshur
title	Services in the Trans-Pacific Partnership : What Would Be Lost?
title_short	Services in the Trans-Pacific Partnership : What Would Be Lost?
title_full	Services in the Trans-Pacific Partnership : What Would Be Lost?
title_fullStr	Services in the Trans-Pacific Partnership : What Would Be Lost?
title_full_unstemmed	Services in the Trans-Pacific Partnership : What Would Be Lost?
title_sort	services in the trans-pacific partnership : what would be lost?
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/512711486497950394/Services-in-the-trans-pacific-partnership-what-would-be-lost http://hdl.handle.net/10986/26023
_version_	1764460745971466240

Services in the Trans-Pacific Partnership : What Would Be Lost?

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