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The Sovereign Remedy? – Trade Agreements in a Globalizing World - Oxford Scholarship Online
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The Sovereign Remedy?: Trade Agreements in a Globalizing World

Antoni Estevadeordal and Kati Suominen


Preferential trading arrangements (PTAs) have arisen to become one of the most important phenomena in today's global economy. The number of PTAs notified to the World Trade Organization (WTO) surged to 200 by the end of 2007, and will soar to 400 by 2010. The wave of enthusiasm for PTAs has swept throughout the world. Some one-half of global trade is carried among partners to a trade agreement; for some countries that have formed PTAs with the main trading powers, the bulk of foreign trade flows with their trade agreement partners. The content of PTAs has become more complex and encompassing. ... More

Keywords: preferential trading arrangements, regional integration, trade, globalization, WTO, multilateralism, tariffs, investment, services, rules of origin

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780199550159
Published to Oxford Scholarship Online: May 2009 DOI:10.1093/acprof:oso/9780199550159.001.0001


Affiliations are at time of print publication.

Antoni Estevadeordal, author
Manager, Integration and Trade Sector, Inter-American Development Bank

Kati Suominen, author
International Trade Specialist, Integration and Trade Sector, Inter-American Development Bank