Report

TPP on the Ropes, Part 5

posted by Richard Katz on September 14, 2016

Found in Japan, US, categorized in International Trade and Investment

Tags: Richard Katz TOE TPP FDI

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Headline

We remain mystified how TPP could do this since it has so little impact on Japanese government regulations and those regulations are such a tiny part of the structural impediments to inward FDI.

Abstract

Key points:

- TPP, like other FTAs, is copied and pasted from past FTAs
More text from past American FTAs was copied verbatim into TPP than text from any other country; Japan came in eighth
US share was even higher in chapters where it had a high priority, e.g. nearly 80% of text on investment in past US FDI’s was lifted into TPP’s investment chapter
Since TPP is intended to be the template for future FTAs and to incorporate more and more Pacific countries, including China, this gives US big leg up on others 

About Richard Katz

Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.

Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.

Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.

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