Senior officials and researchers from across the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries and the European Union (EU) met in Tokyo in mid-May to explore avenues for a more structured relationship between the two blocs, which together account for nearly one-third of global trade.
Part of the Track 1.5 dialogue on economic security was focused on a practical set of questions: What specific provisions would a CPTPP-EU framework need to defend open economies against neo-mercantilist and predatory state behaviour? What governance architecture would keep the rules-based trading system relevant in areas where the World Trade Organization (WTO) has not kept pace? What should be done to bolster the WTO, not undermine it?
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