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FTA QUALITY (1) answer(s).
 
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ID:   162355


Breaking the South-South FTA Mould: Why China ‘Went OECD’ with New Zealand? / Hernandez, Fernando M. Schmidt   Journal Article
Hernandez, Fernando M. Schmidt Journal Article
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Summary/Abstract China and New Zealand were able to sign a Free Trade Agreement (FTA) in 2008, in spite of the large differences in standards under which they were respectively negotiating trade agreements in the international arena. This article starts with a descriptive analysis of these differences between each country’s standards in terms of FTA quality. With the description of these standards, which seem to stand on opposite sides of a continuum, we examine why China and New Zealand decided to forego the standards under which they had negotiated previous agreements in order to find a middle ground. This process of convergence showcases how the interests of both parties moved them towards the adoption of a middle ground which enabled them to negotiate a win-win agreement.
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