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Policy Proposals  Trade, Investment, EPA/FTA Toward the Fair, Equitable, Resilient and Sustainable Trade and Investment Environment - Proposal for the Reconstruction of the Free and Open International Economic Order -

(Provisional translation)
June 18, 2024
Keidanren

Outline

( PDF Format )

Proposal

( PDF version is here )

I Changes in the Trade and Investment Environment

  1. Fears of a Shift to a Bloc Economy
  2. Growing Importance of Economic Security
  3. Growing Importance of Sustainability

II Basic Direction for the Reconstruction of the Free and Open International Economic Order

III Maintaining and Strengthening Free and Fair Trade and Investment

  1. EPA/FTA
    1. (1) CPTPP
    2. (2) RCEP/Japan-China-Republic of Korea FTA
    3. (3) EPAs/FTAs with the Global South
  2. Investment Agreements

IV Realization of a Resilient Trade and Investment Environment Incorporating Elements of Economic Security

  1. Emphasis on National Treatment
  2. Addressing Economic Coercion, etc.
  3. Review of Security Exceptions
  4. Collaboration with Like-Minded Countries and Others to Strengthen Supply Chains

V Expanding Free and Fair Trade and Investment through Ensuring Sustainability

  1. Ensuring Regulatory Transparency and Promoting Regulatory Cooperation
  2. Promoting Trade in Environmental Goods
  3. Forming International Agreement on Carbon Border Adjustment, etc.

VI Promoting WTO Reform

  1. Restoring the Dispute Settlement Function
  2. Strengthening the Rule-Making Function
    1. (1) Promoting Initiatives in the Digital Field
    2. (2) Ensuring a Level Playing Field
  3. Strengthening the Monitoring Function for Agreement Implementation

Trade, Investment, EPA/FTA