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MOOC: Trade and policy: international tensions influencing businesses

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The UK is a member of the CPTPP although not located in Asia-Pacific

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China became a member of CPTPP in 2021 because it fulfilled the requirements e.g. on labour protection

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Provisions on labour and environment protection are included both in the CPTPP and RCEP

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The Regional Comprehensive Economic Partnership (RCEP) is the world’s largest FTA

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The CPTPP is a “megadeal” FTA originally signed by 15 Asia-Pacific countries

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 FTAs may serve as an institutional push for partner countries to support responsible business

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Trade policy and sustainable development is a timely topic because FTAs are becoming less comprehensive

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The EU’s ‘new generation’ FTAs with Asian countries include sustainable development issues which refer to the protection of corporations

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Trade liberalization has only positive effects on sustainable development

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China and the EU have had trade disputes

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