Towards a New Trans-American Partnership

April 1, 2016

The global trade regime is undergoing fundamental changes. While World Trade Organization (WTO) member countries continue to work towards an ever elusive agreement, regional initiatives—most notably mega-regional agreements—have emerged as the focal point of countries’ efforts to advance a trade agenda that responds to the realities of 21St century commerce. These mega-regional deals have the potential to reshape the global trade landscape, bringing about important changes both in the geography of integration as well as in its scope and depth. As this new architecture emerges, the Western Hemisphere finds itself without a coherent vision to promote its own integration. This needs to change if the region is to make the most of its trade relations in a challenging global environment.

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Topics: REGULATORY CONVERGENCE TRADE FACILITATION RULES OF ORIGIN (ROO) REGIONAL INTEGRATION GLOBAL VALUE CHAINS (GVCS)

Agreements: CENTRAL AMERICA-DOMINICAN REPUBLIC FTA (CAFTA-DR) TRANS-PACIFIC PARTNERSHIP (TPP) PACIFIC ALLIANCE (PA)

Regions: LATIN AMERICA AND THE CARIBBEAN (LAC) NORTH AMERICA

Authors: ANTONI ESTEVADEORDAL ERNESTO TALVI

Publishing Institution: THE BROOKINGS INSTITUTIONS

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