Characteristics of the Re-established Regulatory Cooperation

This Chapter analyses thoroughly the reasons that led to the inclusion of Regulatory Cooperation Chapters in the New Generation FTAs. It does so via the concept of ‘characteristics’ of Regulatory Cooperation. The first characteristic is its bilateral nature through its inclusion in bilateral FTAs, which is explained by the shortcomings of the relevant WTO rules. The second characteristic is its inclusion in a legally binding Treaty, as opposed to some previous bilateral attempts that were of political character.