7. These are crucial challenges for the G20 agenda if the potential of mega-agreements as a new pillar of trade policy is taken into account. The argument put forward is that mega-RTAs aim to limit China to a large extent. This is why « China`s approach – as the previous G20 chair – to these initiatives4 is important. The same goes for Turkey, a former G20 leader and involved in the troika, in order to bring a creative approach to the above-mentioned issues. Turkey is close to the EU thanks to its « customs union », which places the former in an asymmetrical situation under the EU`s free trade agreements and becomes the most vulnerable in the case of TTIP. It could encourage Turkey to « be isolated from new regulation processes » (Aran, 2013) and to be expensive in the medium and long term if TTIP is not inclusive. For Turkey, the TPP is not an immediate problem, given that its trade relations with TPP members are superficial and their negative effects on well-being are likely to be rudimentary. But in the long run, it will certainly be essential to restructure its business strategy within the framework of the world of « next-generation trade agreements » with broader rules. Mega-Free Trade Agreements (SAAs) will be concluded in order to fill the void created by new developments in global governance and will reorganize the global economic order. The Trans-Pacific Partnership (TPP) is one such free trade agreement of the twenty-first century.
This book is aimed at researchers, PhD students, trade policy practitioners, political scientists linked to labour movements and informed activists. . . .