Reach Of TPP's SOE Disciplines Limited By Definition, Scope, Exceptions

The text of the Trans-Pacific Partnership (TPP) agreement reveals that the parties have agreed on groundbreaking new rules aimed at preventing state-owned enterprises (SOEs) from harming privately owned firms, but with numerous exceptions that limit the reach of these new disciplines in a variety of ways. The text shows that these boundaries are drawn not only through the definition of what constitutes a state-owned enterprise, but also by creating a company revenue threshold below which the rules do not apply...