Summary of Mega-Regional Trade Agreements
Game-Changers or Costly Distractions for the World Trading System?
World Economic Forum, 2014
Mega-regional trade agreements may have a significant impact on the future of international trade.
Mega-regional trade agreements could alter the nature of multilateral trade. This thought-provoking report from the World Economic Forum explains that nations join these agreements for a variety of reasons, depending on the nature of the agreement and the timing of negotiations. The United States and the European Union each pioneered regional trade collaboration in the 1990s and are driving two major mega-regional negotiations: the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP). For all the benefits these mega-regionals could offer their participants, they effectively omit more than 80% of the world’s population. getAbstract recommends this comprehensive report to trade executives, policy makers, investors and NGOs worldwide – especially those in developing countries.
In this summary, you will learn
- How mega-regional trade agreements could transform international trade
- Why countries have sought to join such agreements
- How mega-regionals might affect multilateral trade and the World Trade Organization
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