What Are The Types Of Regional Trade Agreements

Online Research Documents General documents relating to regional trade agreements carry the WT/REG document code. As part of the Doha Agenda trade negotiations mandate, they use TN/RL/O (additional values needed). These links open a new window: Allow a moment for the results to appear. A trade agreement (also known as a trade pact) is a large-scale tax, customs and trade agreement, which often includes investment guarantees. It exists when two or more countries agree on conditions that help them trade with each other. The most frequent trade agreements are preferential and free trade regimes to reduce (or remove) tariffs, quotas and other trade restrictions imposed on intermediaries. As a general rule, the benefits and obligations of trade agreements apply only to their signatories. Many ATRs contain elements that deepen regulatory cooperation and new market opportunities are created, even as participants address structural barriers in their own economies. Next-generation RTAs are working to go further. Countries wishing to participate in and benefit from global markets must increasingly integrate trade and investment measures into their broader national structural reforms. Indeed, countries may be able to use the current and future negotiations on the “beyond the border” regime as the engine of desired internal political reforms. The major structural question of whether, when and how to multilateralize the provisions in atRs is above all a political issue that governments must address.

All of our research and business analysis can be read free of charge online via the OECD`s iLibrary A Regional Trade Agreement (RTA), a contract between two or more governments that sets out the trade rules for all signatories. Examples of regional trade agreements include the North American Free Trade Agreement (NAFTA), the Central American-Dominican Free Trade Agreement (CAFTA-DR), the European Union (EU) and the Asia-Pacific Economic Cooperation (APEC). Today, ATRs are evolving in a way that goes beyond existing multilateral rules. The areas that cover them – investment, capital and people, competition and state-owned enterprises, e-commerce, anti-corruption and intellectual property rights – are key policy issues that need to be addressed in today`s more interconnected markets. Mega-regional initiatives are of a completely new scale and allow preferential access to Member States` markets by attempting to conclude 21st century trade agreements with deep and comprehensive market integration. Regional trade agreements refer to a treaty signed by two or more countries to promote the free movement of goods and services beyond the borders of its members.