Various regional trading arrangements have existed for many years. However, regional trade agreements (RTAs), including but not limited to free trade agreements and customs unions as defined in Article XXIV GATT 1994, have only recently become the darlings of international trade negotiators. WTO Members are not abandoning the WTO, which with its GATT predecessor has served the world economy well for more than sixty years. Rather, in addition to frustration with the stalled ‘Doha Development Agenda’ negotiations in Geneva, some WTO Members increasingly believe that...
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