Regional Trade Agreements Versus Global Trade Liberalisation: Implications for a Small Island Developing State

2006 ◽  
Author(s):  
John Asafu-Adjaye ◽  
Renuka Mahadevan
Keyword(s):  
Trade Agreements ◽  
Trade Liberalisation ◽  
Regional Trade Agreements ◽  
Small Island ◽  
Global Trade ◽  
Regional Trade

scholarly journals African Continental Free Trade Area (AfCFTA) Agreement and the Mega-Regional Trade Agreements (MRTAs): what are the underlying challenges and prospects for Africa-South-South trade?

2021 ◽  
Vol 9 (5) ◽  
pp. 413-432
Author(s):  
Anayochukwu Basil Chukwu ◽  
Tobechi Agbanike ◽  
Lasbrey Anochiwa
Keyword(s):  
Free Trade ◽  
Regional Integration ◽  
Free Trade Area ◽  
Trade Agreements ◽  
Regional Trade Agreements ◽  
Global Trade ◽  
Regional Trade ◽  
Trade Area ◽  
Trade Share ◽  
Almost All

This study examines the possible challenges and prospects of the recent signing of the African Continental Free Trade Area (AfCFTA) Agreement on South-South trade. The recent ratification of the agreement by the African Union (AU) Heads of Government and the establishment of the mega-regional trade agreements (MRTAs) by the major global trading economies are the biggest since the establishment of the WTO. One of these regional and continental agreements' principal objectives is to further strengthen trade terms and balance of trade statistics between member nations. Whereas almost all the regional and continental blocs have to a large extent, achieved the purpose of their trade agreements, Africa stands out as the only region whose intra-trade value still constitutes less than 15% of global trade share. Many reasons have been adduced to be responsible for the weak trade performance, one of which is weak regional integration. This study, therefore, concludes that for Africa to achieve significant improvement in global trade, the region needs to encourage regional trade, which will act as a catalyst for transforming the domestic economies and lay a robust foundation for healthy regional competition and integration

6. Regional Trade Agreements

2016 ◽  
Author(s):  
John Ravenhill
Keyword(s):  
Trade Liberalization ◽  
Economic Integration ◽  
World Trade ◽  
Trade Agreements ◽  
Economic Consequences ◽  
Regional Trade Agreements ◽  
Global Trade ◽  
Regional Trade ◽  
Post War ◽  
The Relationship

This chapter examines the political economy of regionalism, focusing on why regional trade agreements are established and which actors are likely to support regional rather than global trade liberalization. It also considers the effects that regionalism has had on the trade and welfare of members and non-members, as well as the relationship between liberalization at the regional and global levels. The chapter begins with a discussion of various forms of regional trade cooperation, ranging from free trade areas to economic unions. It then explains why regionalism has been attractive to governments throughout the post-war period, and especially in the last two decades. It also explores the economic consequences of regional economic integration and concludes with an assessment of the effects of regionalism and the World Trade Organization (WTO) on global trade negotiations.

Sign in / Sign up

Export Citation Format

Share Document