Regional Trade Agreements Promote Free Trade

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. The preferential trade agreement requires the least commitment to removing trade barriers Trade barriers are legal measures taken primarily to protect a country`s national economy. They generally reduce the amount of goods and services that can be imported. These barriers are put in place in the form of tariffs or taxes and, although Member States do not remove barriers between them. There are also no common trade barriers in preferential trade zones. A regional trade agreement (RTA) is a treaty between two or more governments that sets 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). Report on the treatment of medical devices in regional trade agreements (ATRs) To the extent that ATRs go beyond WTO commitments and remain open to further participation by countries committed to their standards, they can complement the multilateral trading system.

Over the years, the OECD has examined the relationship between regional trade agreements and the multilateral trading system, including specific policy areas addressed by ATRs, such as agricultural addressing, technical regulations, compliance standards and procedures, investment rules on international technology transfer, integration of environmental considerations and approaches to market opening in the digital age – to name a few. 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.