Shaping the Future of EU Trade Agreements: A Liberal Theoretical Analysis of the TSD Chapter in the EU-New Zealand Free Trade Agreement
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The EU and New Zealand have concluded an innovative free trade agreement during a challenging period for global trade liberalization. The upgraded Trade and Sustainable Development (TSD) chapter in the EU-NZ FTA transitions from the previously criticized soft approach to promoting sustainability through trade agreements to an enforceable mechanism. This study analyzes the implications of the EU-NZ FTA through liberal theoretical lenses, including embedded liberalism, neo-functionalism and institutionalism. The EU-NZ FTA highlights the importance of international institutions. It is expected that the EU-NZ FTA will open a new chapter for the EU’s new generation FTAs in the future and deepen the application of embedded liberalism to global trade. This implies that societal concerns should be considered while pursuing economic development through trade cooperation.
Abstract
The EU and New Zealand have concluded an innovative free trade agreement during a challenging period for global trade liberalization. The upgraded Trade and Sustainable Development (TSD) chapter in the EU-NZ FTA transitions from the previously criticized soft approach to promoting sustainability through trade agreements to an enforceable mechanism. This study analyzes the implications of the EU-NZ FTA through liberal theoretical lenses, including embedded liberalism, neo-functionalism and institutionalism. The EU-NZ FTA highlights the importance of international institutions. It is expected that the EU-NZ FTA will open a new chapter for the EU’s new generation FTAs in the future and deepen the application of embedded liberalism to global trade. This implies that societal concerns should be considered while pursuing economic development through trade cooperation.
참고문헌 (24)
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