Negotiating a Preferential Trading Agreement : Issues, Constraints and Practical Options - Sisira Jayasuriya

Negotiating a Preferential Trading Agreement : Issues, Constraints and Practical Options

By: Sisira Jayasuriya (Editor), Donald MacLaren (Editor), Gary Magee (Editor)

Hardcover | 1 January 2008

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Preferential trading arrangements (PTAs) are currently proliferating, but existing economics literature provides little practical guidance for trade negotiators and analysts grappling with complex technical problems in negotiating PTAs. In this Australia-China focussed study, a group of trade economists and international trade law experts draw on both theory and recent evaluations of several major PTAs to discuss the constraints to achieving meaningful liberalisation in PTAs and key practical problems facing negotiators trying to achieve the best outcomes within given political economy constraints, such as choice of rules of origin and dispute settlement procedures. The Australia-China FTA, currently under negotiation, is used as an illustrative case study to provide concrete insights into the roots of political conflicts and the pros and cons of alternative formulations and approaches. This book would appeal to both academic analysts and those involved in negotiating international trade agreements.
Industry Reviews
'International trade - which is just another name for international business - involves a tightly woven bundle of cross-border A"movementsA". 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.'- Richard E. Baldwin, Graduate Institute, Geneva, Switzerland'Are Preferential Trading Agreements building blocks or stumbling blocks? Most economists are skeptical of their benefits, but politicians and bureaucrats evidently like them. This timely and rich contribution to the debate, by an eminent group of economists and lawyers, assesses the issues with reference to the Australia-China negotiations. Importantly, if we are in a second-best world, the authors show clearly how to at least minimize the negative impacts of PTAs. A must-read for policymakers, practitioners, business people and academics.'- Hal Hill, Australian National University

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