Research Programs: International Trade and Investment

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

Project Leader/Sub-Leader

KAWASE Tsuyoshi

KAWASE Tsuyoshi (Faculty Fellow)



The main subject of this research project for this period is the international economic law on state capitalism. Due to the recent rise of state-owned enterprises (SOE) and sovereign wealth funds (SWF) mainly by the emerging economies, a new set of international regulatory frameworks that differs from the conventional one for a market economy is urgently in need. Currently, however, the World Trade Organization (WTO) Agreement, economic partnership agreements (EPAs), and investment treaties do not provide effective trade, investment, and competition rules on this new phenomena, and philosophical discrepancies between developed countries and emerging economies render this issue as one of the least possible in reaching a conclusion in the ongoing Trans-Pacific Partnership (TPP) negotiations. This project aims first to survey the status quo of laws on state capitalism, bearing in mind the precedent achievements in the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD) and recent debates in the TPP or the Transatlantic Trade and Investment Partnership (TTIP) negotiations, and propose possible regulatory frameworks or interpretation and application of relevant domestic/international law in force in order for the optimal regulation.

This project also covers the studies on WTO case law and the legal and economic analysis of international trade in cultural media products and relevant cross-border investment activities, both of which are continuing from the preceding period (2011-13).

October 7, 2013 - September 30, 2015

Major Research Results


RIETI Discussion Papers

RIETI Policy Discussion Papers


RIETI Discussion Papers

RIETI Policy Discussion Papers