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The Differences Between China’s Recent FTA and the TPP: A Case Study of the China-Korea FTA

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Paradigm Shift in International Economic Law Rule-Making (ODS 2017)

Part of the book series: Economics, Law, and Institutions in Asia Pacific ((ELIAP))

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Abstract

The China-Korea Free Trade Agreement (FTA) is one of the latest FTAs that China concluded. The chapter analyzes the following question: how far is the China-Korea Free FTA away from the Trans-Pacific Partnership (TPP)? The comparison between the China-Korea FTA with the TPP helps to understand the similarities and differences between China’s trade pacts and the deep FTA. The paper will analyze these two agreements from four aspects: coverage, services and investment, non-trade concerns and good governance.

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Notes

  1. 1.

    Miner (2016).

  2. 2.

    The article prefers Free Trade Area rather than Free Trade Zone here as the opinions refer to the FTAs. Xinhua News Agency, ‘The State Council Issues Opinions on Speeding up the Implementation of Free Trade Zone Strategy’ (2015) http://english.mofcom.gov.cn/article/newsrelease/significantnews/201512/20151201224234.shtml ‘Head of Department of International Trade and Economic Affairs of Chinese Ministry of Commerce Explains State Council Opinions on Speeding up the Implementation of Free Trade Area Strategy of the State Council’ (2015) http://www.mofcom.gov.cn/article/ae/ag/201512/20151201212556.shtml.

  3. 3.

    China-Korea FTA (2015), Annex 22-A, para 8.

  4. 4.

    China-Korea FTA (2015), Annex 22-A, para 9.

  5. 5.

    For the purpose of this article, SOEs issues are classified as non-trade concerns due to its impact on competition.

  6. 6.

    Wang 115(2016).

  7. 7.

    Branstetter (2016) 22.

  8. 8.

    China-Korea FTA Article 15.17.3.

  9. 9.

    China-Korea FTA Article 17.9.

  10. 10.

    TPP Annex 17.

  11. 11.

    Wang (2016), p. 5.

  12. 12.

    Gelpern (2016) 95.

  13. 13.

    China-Korea FTA Article 12.18.

  14. 14.

    TPP Article 11.2.2.

  15. 15.

    ChAFTA (2015) Article 9.5, TPP Article 11.11.1.

  16. 16.

    China-Korea FTA 12.12.5.

  17. 17.

    For instance, TPP Annex 9.

  18. 18.

    TPP Article 9.23.11.

  19. 19.

    Hufbauer (2016) 118.

  20. 20.

    TPP Annex 10-A.

  21. 21.

    TPP Article 9.4.1.

  22. 22.

    ChAFTA Annex 22-A, paras 4, 10.

  23. 23.

    TPP Article 11.22.2, 11.22.3, 11.22.4.

  24. 24.

    TPP Article 11.22.2(a), 11.22.2(b).

  25. 25.

    TPP Article 11.22.2(c).

  26. 26.

    TPP Article 11.22.4(b).

  27. 27.

    TPP, Article 11.21.3.

  28. 28.

    TPP Article 11.22.1.

  29. 29.

    China-Korea FTA Article 9.12.

  30. 30.

    China-Korea FTA Article 12.12.7.

  31. 31.

    TPP Article 9.23.6, 9.29.4.

  32. 32.

    TPP, Annex 9-G, para 2.

  33. 33.

    TPP, Annex 9-G, para 3.

  34. 34.

    ChAFTA Article 12.7.

  35. 35.

    TPP Article 9.10.

  36. 36.

    China-Korea FTA Article 16.6.

  37. 37.

    China-Korea FTA Article 16.5.

  38. 38.

    China-Korea FTA Article 14.3.

  39. 39.

    China-Korea FTA Article 14.9.

  40. 40.

    ‘Introduction’ in Jeffrey J Schott and Cimino-Isaacs Cathleen (eds), Assessing the Trans-Pacific Partnership, Volume 2: Innovations in Trading Rules (Peterson Institute for International Economics 2016) 3 http://www.piie.com/publications/briefings/piieb16-4.pdf.

  41. 41.

    Schott (2016).

  42. 42.

    TPP Article 16.3.

  43. 43.

    TPP Article 17.4.

  44. 44.

    TPP Article 19.15.13.

  45. 45.

    TPP Articles 19.15.12, 19.15.13.

  46. 46.

    Wang 134 (2016).

  47. 47.

    TPP Article 16.1.1.

  48. 48.

    Gadbaw (2016) 85.

  49. 49.

    China-Korea FTA Article 14.1.

  50. 50.

    China-Korea FTA Article 14.1.

  51. 51.

    TPP Article 16.2.

  52. 52.

    Wang 134 (2016).

  53. 53.

    Gadbaw (2016) 85.

  54. 54.

    TPP Article 25.2.1.

  55. 55.

    TPP, Article 9.24.2.

  56. 56.

    TPP, Article 9.24.1.

  57. 57.

    TPP, Article 28.13(b).

  58. 58.

    TPP, Article 9.23.3.

  59. 59.

    TPP, Article 17.10.1.

  60. 60.

    TPP, Article 17.10.2.

  61. 61.

    TPP Article 17.10.3.

  62. 62.

    TPP Article 25.5.1.

  63. 63.

    TPP Article 25.10.

  64. 64.

    China-ASEAN FTA Upgrading Protocol (2015) Chap. 5.

  65. 65.

    Gadbaw (2016) 89.

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Authors and Affiliations

  1. UNSW Sydney, Sydney, NSW, Australia

    Heng Wang

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  1. Heng Wang
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Correspondence to Heng Wang .

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Editors and Affiliations

  1. Faculty of Law, Chinese University of Hong Kong, Shatin, New Territories, Hong Kong

    Julien Chaisse

  2. Singapore Management University, Singapore, Singapore

    Henry Gao

  3. Judicial Yuan, Justices of the Constitutional Court, Taipei, Taiwan

    Chang-fa Lo

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Wang, H. (2017). The Differences Between China’s Recent FTA and the TPP: A Case Study of the China-Korea FTA. In: Chaisse, J., Gao, H., Lo, Cf. (eds) Paradigm Shift in International Economic Law Rule-Making. ODS 2017. Economics, Law, and Institutions in Asia Pacific. Springer, Singapore. https://doi.org/10.1007/978-981-10-6731-0_17

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  • DOI: https://doi.org/10.1007/978-981-10-6731-0_17

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