Reviewing perspectives on third-party impacts of mega-regional trade agreement: implications for Brazil

Vol. 39 No. 1 (2019)

Jan-Mar / 2019
Published January 1, 2019
PDF-English
PDF-English

How to Cite

Sondergaard, Niels. 2019. “Reviewing Perspectives on Third-Party Impacts of Mega-Regional Trade Agreement: Implications for Brazil”. Brazilian Journal of Political Economy 39 (1):51-70. https://doi.org/10.1590/0101-35172019-2861.

Reviewing perspectives on third-party impacts of mega-regional trade agreement: implications for Brazil

Niels Sondergaard
Doutorando, Instituto de Relações Internacionais, Universidade de Brasília, Brasília –Bolsista do Conselho de Aperfeiçoamento de Pessoal de Nível Superior (CAPES). DF, Brasil.
Brazilian Journal of Political Economy, Vol. 39 No. 1 (2019), Jan-Mar / 2019, Pages 51-70

Abstract

The present review article examines the potential impact of mega-regional trade agreements on Brazil as a third-party. The literature initially reviewed identifies the "deep regulation" proposed in mega-regional agreements as an expression of structural changes within the global trading system, which in spite of the current stagnation of these negotiations highlights the relevance of scrutinizing their potential implications for outsiders. The article subsequently examines projections made of the short- and intermediate term economic impacts of this type of trade agreement on Brazil as a third-party, and here upon engages with perspectives treating their long-term structural implications.

JEL Classification: F17.


Keywords: Mega-regional trade agreements Brazil Regulatory cooperation Regulatory harmonization Trade balance