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Presenting a blend of economics and law, this book provides unique insights as well as practical guidance for negotiators considering major issues on the agendas of bilateral and regional preferential trading agreements (PTAs).PTAs are currently proliferating. However, the existing economics literature provides little guidance for trade negotiators and analysts grappling with complex technical problems when negotiating PTAs. The authors use the Australia-China Free Trade Agreement as an illustrative case study to provide concrete insights into the political economy roots of disagreements and conflicts, and discuss the pros and cons of alternative formulations and approaches.This informative and insightful book would appeal to academic analysts, particularly those interested in the economic and legal aspects of international trade, and to those involved in negotiating international trade agreements. It would also be of great interest to trade negotiators and trade policy makers.
Edited by Sisira Jayasuriya, Monash University, Australia, Donald MacLaren, formerly of the Department of Economics, University of Melbourne, Australia and Gary Magee, Department of Economics, Monash University, Australia
Contents: PrefacePART I: INTRODUCTION AND OVERVIEW1. IntroductionSisira Jayasuriya and Gary Magee2. Review of International Experience: Ex Post Studies of Other PTAs and Implications for PTA DesignRussell Hillberry3. Multilateralism and FTAs: A Chinese Perspective on an Australia–China FTADashu WangPART II: SECTOR-SPECIFIC ISSUES4. Manufacturing Products and Related Issues in a Free Trade Agreement between China and AustraliaNeville Norman5. AgricultureDonald MacLaren6. Services in PTAs – Donuts or Holes?Philippa Dee and Christopher Findlay7. Resources Sector and Foreign InvestmentYinhua Mai and Philip AdamsPART III: KEY ISSUES FACING FTA NEGOTIATORS8. Intellectual Property in a Possible China–Australia Free Trade AgreementKimberlee Weatherall9. Rules of OriginPeter Lloyd and Donald MacLaren10. Settlement of Disputes under Free Trade AgreementsJeff Waincymer11. Safeguards, Anti-Dumping Actions and Countervailing DutiesMartin Richardson12. Ensuring Compliance between a Bilateral PTA and the WTOAndrew D. Mitchell and Nicolas J.S. LockhartIndex
'International trade - which is just another name for international business - involves a tightly woven bundle of cross-border "movements". Firms that sell internationally need to move goods, services, investment, skilled personal and intellectual property across international boundaries. This reality means that today's FTAs are about a great deal more than tariffs. This book, which focuses on the proposed China-Australia FTA, provides a wondrous overview of what a modern bilateral trade agreement has to address. Its 12 chapters, written mostly by world-renowned experts, are succinct, up-to-date and highly informative. I recommend it to anyone interested in the new wave of FTAs in Asia and beyond.'