The Increasing Importance of Bilateral Agreements in the Foreign Trade Policy
Zdzislaw W. Puslecki
Journal of Management and Strategy, 2018, vol. 9, issue 1, 19-30
The main aim of the article is indication of the increasing importance of bilateral agreements in the foreign trade policy. The subject of the discussion and theoretical contribution in the undertaken research program is presents new tendencies in international business - the rise of importance of bilateral agreements in foreign trade policy. It is important to underline that a few multinational firms are responsible for a major share of world trade and for the rise of global supply chains. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization ¨C and encourage certain non-tariff measures ¨C in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence, especially in the conditions of the rise global supply chains, may be more complex than is sometimes suggested.
Keywords: foreign trade policy; bilateral trade agreement; global supply chains; anti-protectionist forces; cooperating on trade policies (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jfr:jms111:v:9:y:2018:i:1:p:19-30
Access Statistics for this article
Journal of Management and Strategy is currently edited by Jenny Zhang
More articles in Journal of Management and Strategy from Journal of Management and Strategy, Sciedu Press
Bibliographic data for series maintained by Jenny Zhang ().