Date: 2017
Type: Working Paper
Trade agreements, regulatory sovereignty and democratic legitimacy
Working Paper, EUI RSCAS, 2017/36, Global Governance Programme-273, Global Economics
HOEKMAN, Bernard M., SABEL, Charles, Trade agreements, regulatory sovereignty and democratic legitimacy, EUI RSCAS, 2017/36, Global Governance Programme-273, Global Economics - https://hdl.handle.net/1814/47225
Retrieved from Cadmus, EUI Research Repository
Governments increasingly are seeking to use bilateral and regional trade agreements to reduce the cost-increasing effects of differences in product market regulation. They also pursue regulatory cooperation independent of trade agreements. It is important to understand what is being done through bilateral or plurilateral mechanisms to address regulatory differences, and to identify what, if any, role trade agreements can play in supporting international regulatory cooperation. This paper reflects on experience to date in regulatory cooperation and the provisions of recent trade agreements involving advanced economies that have included regulatory cooperation. We argue for a re-thinking by trade officials of the modalities and design of trade negotiations and the incorporation of institutional mechanisms that draw on insights of experimentalist governance approaches to enhance the scope for international regulatory cooperation.
Cadmus permanent link: https://hdl.handle.net/1814/47225
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2017/36; Global Governance Programme-273; Global Economics