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18 J. World Investment & Trade 1 (2017)

handle is hein.journals/jworldit18 and id is 1 raw text is: JOURNAL OF WORLD INVESTMENT & nesoear dWod BRILL TRADE 18 (2017) 1-8 Investmet& Trade NIJ HOFF brill.com/jwit Editorial: The Constitutional Frontiers of International Economic Law The 2016 Roll ofHonor The End of Mega-Regionalism? For the past few years, much attention in international economic law has focused on the negotiation of so-called 'mega-regionals' - agreements, often involving multiple parties with major economic and geopolitical importance - and the changes they would bring to global economic governance. The Trans- Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Trade in Services Agreement (TiSA), the Regional Comprehensive Economic Partnership (RCEP), perhaps even the Canada-EU Economic and Trade Agreement (CETA), are the prime examples of this type of agreement. Yet, with the US presidential elections, the announcement of Donald Trump to pull out of TPP as first order of business, and the likely halt of TTIP negotia- tions, the prospect of pushing global economic governance forward through mega-regionals has received a majorjolt. While the basis of Trump's future economic policy is epitomized by his rhet- oric of 'Making America Great Again' - which sounds populistic, egocentric, perhaps even isolationist to non-Americans - the underlying principle to put national values first is not so much different from the political opposition to mega-regionals elsewhere, including in Europe. Unlike in the United States, however, opposition in Europe, just as in many quarters in Latin America, most vocally comes from the left, not from the right - and it is coined in quite differ- ent terms. Rather than speaking the language of nationalism, it comes in the vocabulary of constitutional values - namely democracy, the rule of law, and the protection of human or fundamental rights. Even though the European Union (EU) may have a more cosmopolitan idea of what these constitutional principles mean than the United States - after all these values are the basis of cooperation of EU Member States and part of the foundational values of the EU itself,' reference to democracy, the rule of law, 1 See Article 2 of the Treaty on European Union (consolidated version) 0J C 202 (7July 2016) 13. © SCHILL, 2017 DOI 10.1163/22119000-12340044 This is an open access article distributed under the terms of the Creative Commons Attribution- Noncommercial 3.0 Unported (CC-BY-NC 3.o) License.

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