America's Mega-Regional Trade Diplomacy: Comparing TTP and TTIP

The United States is currently negotiating two massive regional economic agreements, one with 11 Asian and Pacific Rim countries and the other with the 28-member European Union. The Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) herald a substantial shift in US foreign economic policy as Washington turns its focus from the stalemated Doha Round of multilateral trade negotiations and scattered bilateral trade agreements to 'mega-regional' trade diplomacy. As the only party to both negotiations, Washington seeks to leverage issues in one to advance its interests in the other, while reinvigorating US global leadership.

Keywords: trade, investment, services, TPP, TTIP, United States, European Union, Japan, China, foreign policy

Authors: 
Details: 
p. 81-97
Issue: 
49/1
ISBN/ISSN/DOI: 
10.1080/03932729.2014.877223
Publication date: 
28/03/2014

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