Regional Arrangements

Brian McDonald

Chapter 7 in The World Trading System, 1998, pp 56-62 from Palgrave Macmillan

Abstract: Abstract An issue that is of increasing importance in the development of the trading system is the existence of regional trade arrangements. These have often been criticised as distorting the world trading system because of the preferences they create for those inside them. The European Union is of course the prime example of such a regional arrangement. Others are the North American Free Trade Area (NAFTA - the United States, Canada and Mexico); the free trade area between Australia and New Zealand; Mercosur (Brazil, Argentina, Paraguay and Uruguay); the Andean Group (Colombia, Chile, Ecuador, Peru and Venezuela); and in Asia the ASEAN free trade area and APEC (18 countries in the Pacific Basin).

Keywords: Free Trade; Trading System; Custom Union; Single Market; Uruguay Round (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37970-1_7

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DOI: 10.1057/9780230379701_7

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