Stuff

Regional Trade Agreements And The Multilateral Trading System

Today, SAAs are evolving in a way that goes beyond existing multilateral rules. The areas they cover – investment, capital and passenger transport, 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. Megaregional initiatives are of a whole new magnitude and offer preferential access to Member States` markets by trying to conclude twenty-first century trade agreements with deep and full market integration. Rohini Acharya is an advisor to the World Trade Organization. She holds a PhD in Economics and joined the WTO`s Trade Policy Review Department in 1996, where she became Head of the Regional Trade Agreements Section in January 2007. Previously, she worked as a Senior Research Fellow in the International Economics Programme at the Royal Institute of International Affairs (Chatham House) in London. His work at the WTO has been the trade policy review of several WTO members, including Australia, Egypt, India, New Zealand and Singapore, as well as the first review of China`s trade policy. All of our research and business analysis can be read for free online on the OECD iLibrary Many ASAs contain elements that deepen cooperation on regulatory issues and new market opportunities are created, even as participants tackle structural barriers in their own economies. Next-generation ASAs aspire to go further.

Countries that wish to participate in and benefit more from global markets need to increasingly integrate trade and investment measures into their broader domestic structural reforms. Indeed, countries may be able to use current and future negotiations on “beyond the border” regulatory rules as drivers of desired national reforms. The biggest structural question of whether, when and how the provisions of the ITAs can be multilateralized is first and foremost a political issue that governments must address. This policy statement outlines the ICC`s position on the relationship between multilateral and regional trade liberalization and invites governments around the world to think about how to “multilateralize” – elements of regional and preferential trade agreements. This volume contains a series of studies that examine trade-related issues negotiated in Regional Trade Agreements (SAAs) and how IAAs relate to WTO rules. While previous work has focused on partial amounts of SE, these studies are based on the largest dataset ever used and highlight key issues negotiated in all IAAs notified to the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). The new rules within the SAAs are compared to the rules agreed by WTO members. The extent of their divergences and its potential impact on SAA parties and WTO members that are not saa parties will be examined. This volume makes an important contribution to the current debate on the role of the WTO in regulating international trade and how WTO rules relate to new rules developed by saAs. If you have any questions about the OECD`s trade research and analysis, you can contact us directly. Regional trade liberalization can support longer-term multilateral liberalization if regional agreements actually open up the market and include, to the extent possible, harmonized global elements.

Others. If these regional initiatives are negotiated in accordance with the principles and rules of the WTO agreements, they can support longer-term multilateral liberalization. . . .

Comments are closed.