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Regional Trade Agreements and the WTO Legal System$
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Lorand Bartels and Federico Ortino

Print publication date: 2006

Print ISBN-13: 9780199206995

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780199206995.001.0001

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Economic Analysis of Regional Trade Agreements

Economic Analysis of Regional Trade Agreements

(p.6) (p.7) 1 Economic Analysis of Regional Trade Agreements
Regional Trade Agreements and the WTO Legal System

Viet D. Do

William Watson

Oxford University Press

This chapter discusses the results of economic analyses of regional trade agreements (RTA). The recent proliferation of RTA poses a number of interesting and difficult questions for economists. These questions are concerned with the reasons and motivations for the increasing number of RTA and whether it is welfare-improving. The analyses reveal that RTA are often not long term, most RTA are mainly in free trade areas, and the World Trade Organization (WTO) is implicated in the growth of RTA.

Keywords:   regional trade agreements, welfare-improving, free trade areas, WTO, economic analysis

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