Mega-FTAs and the WTO: Competing or Complementary?
Shujiro Urata
International Economic Journal, 2016, vol. 30, issue 2, 231-242
Abstract:
Mega-FTAs involving many countries and encompassing bilateral and mini-lateral FTAs have begun to be negotiated, while the Doha Round of multinational trade negotiations under the WTO have been at a stalemate. Mega-FTAs, which are discriminatory, and the WTO, which is non-discriminatory, are not consistent, thereby leading to a view that they are competing. This article argues that mega-FTAs and the WTO can be complementary, as mega-FTAs could facilitate negotiations with a smaller number of negotiating members. It further stresses the importance of extending mega-FTAs to a global level by merging with other mega-FTAs and by accepting new members.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:intecj:v:30:y:2016:i:2:p:231-242
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DOI: 10.1080/10168737.2016.1148422
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