Common Contracts
1 similar Regional Trade Agreements contracts
Regional Trade Agreements and the WTORegional Trade Agreements • May 26th, 2009
Abstract: While trade is growing fast, the multilateral trading system faces a number of internal difficulties linked to the size of its membership and the diversity of economic situations, trade interests, and previous commitments. But the multilateral trading system is also challenged by the outside rapid development of regional and bilateral free trade agreements. This raises serious challenges for the multilateral trading system. There has been a rapid growth in the number of regional trade agreements (RTAs) in recent years. It has raised the question as to whether RTAs pose a threat to the multilateral trading system. The trend in the growth of RTAs should express strong concerns about the negative effects of growing regionalism. We should tend to regard regionalism much more as a complement to multilateralism.
