Abstract
The world may be on the verge of renewing the global trading system with huge “mega-regional” negotiations on the trade rules of the 21st century. These negotiations include the Regional Comprehensive Economic Partnership (RCEP), the Trans Pacific Partnership (TPP), and the Transatlantic Trade and Investment Partnership (TTIP); the countries involved cover nearly 80% of global GDP. The hope is that these approaches will overcome constraints that have held up progress in the World Trade Organization (WTO).