Research Programs: International Trade and Investment

Comprehensive Research on the Current International Trade/Investment System (pt.III)

Project Leader/Sub-Leader

KAWASE Tsuyoshi

KAWASE Tsuyoshi (Faculty Fellow)

Leader

Overview

The main subject of this research project for this period is the international economic law on competitive neutrality. While the Trans-Pacific Partnership (TPP) has just concluded and the Transatlantic Trade and Investment Partnership (TTIP) negotiations are still in the middle of drafting rules on state-owned enterprises (SOEs), the current legal frameworks on trade, investment, and competition are continued to be challenged by state capitalism. In the preceding period to this project, a broader range of notable developments on competitive distortion caused by government intervention were observed, including China's "One Belt, One Road," the centerpiece of which are the Asian Infrastructure Investment Bank (AIIB) and the BRICS Development Bank, a series of World Trade Organization (WTO) cases on subsidies contributed by SOEs, debates on application of anti-dumping/countervailing duties against China as a non-market economy after the upcoming expiration of the special rule in China's protocol of WTO accession, and, in Japan, Japan Fair Trade Commission (JFTC) analysis on governmental support for corporate revitalization and consequent competition distortion, in particular, the Japan Airlines (JAL) case. Also, analysis and evaluation of the TPP SOE chapter is one of the issues left unexplored. Under the circumstances, this project discusses the possibilities of application of the relevant rules in force and elaboration of new rules to ensure neutrality of government intervention to international trade and investment.

This project also continues the coverage of studies on WTO case law from the preceding period.

October 1, 2015 - September 30, 2017

Major Research Results

2017

RIETI Discussion Papers

RIETI Policy Discussion Papers

2016

RIETI Discussion Papers