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The Trans-tasman single economic market: Best practice for regional integration? A comparative approach

Rogmann, Achim (2011) The Trans-tasman single economic market: Best practice for regional integration? A comparative approach. Masters by Research thesis, Murdoch University.

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Abstract

This thesis examines two different approaches to establish a single market under the most advanced regional trade agreements: the European Union (EU) and Australia- New Zealand Closer Economic Relations Trade Agreement (ANZCERTA). The comparative approach is owed to the fact that a remarkable number of regions in all continents aim to set up a single market while looking to learn from lessons learned in other regions and to adopt the best practice style of regional integration.

The ANZCERTA-style seems to be the antipode of the EU style: whereas the EU employs a wide range of bodies and institutions which created a considerable number of supranational legal instruments which are monitored and enforced to ensure the functioning of the single market, ANZCERTA is designed as the cleanest and least bureaucratic regional trade agreement in the world with a minimum of legislation and institutions. Unlike the EU, it was planned as a trade agreement that would require low maintenance and a minimum of bureaucratic resources. Since many nations which plan to establish closer economic ties with trade partners are reluctant to relinquish national sovereignty to supranational authorities, CER seems to be a convincing alternative to the EU style for establishing a single market.

This thesis demonstrates how integration has been expedited in both regions, which mechanisms and instruments have been applied for market integration and which achievements have been reached so far. As any style of regional integration can only serve as global standard if it fully implements obligations under WTO rules, both models are assessed in relation to WTO constraints. One core aspect is the question whether ANZCERTA and its unbeuraucratic style can serve as basis for a Single Economic Market despite the fact that this agreement is restricted to a free trade agreement and that there are no plans to establish a trans- Tasman customs union.

Publication Type: Thesis (Masters by Research)
Murdoch Affiliation: School of Law
Notes: Note to the author: If you would like to make your thesis openly available on Murdoch University Library's Research Repository, please contact: repository@murdoch.edu.au. Thank you.
Supervisor: Moens, Gabriel
URI: http://researchrepository.murdoch.edu.au/id/eprint/41687
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