Cooperation and Closure in Bilateral Trade Negotiations

Seminar/Forum

Cooperation and Closure in Bilateral Trade Negotiations

Little is known about cooperation between nations engaged in a regional economic association. This study investigates cooperation and closure between Asia-Pacific Economic Cooperation (APEC) member economies engaged in negotiating five bilateral free trade agreements (FTA), including the Australia–Singapore FTA 2003, United States–Singapore FTA 2003, Chile–United States FTA 2003, Australia–United States FTA 2004, and Korea–Australia FTA 2014. This study found that a number of factors bring about or interfere with cooperation at the closure stage. Party stability and instability, linkage dynamics such as deadlines and delays, and asymmetrical power relations can each have an impact on closure. Movement toward closure normally shifts FTA negotiations from technical to senior political leaders, while negotiations are often concluded on the sidelines of meetings sponsored by international organizations including APEC Leaders’ Summit and Ministerial meetings.

Presenter

  • Dr Larry Crump
    Dr Larry Crump, Griffith University