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Trade Agreements

In: Globalization and the State: Volume II

Author

Listed:
  • Carlos M. Peláez
  • Carlos A. Peláez

Abstract

The members of the World Trade Organization (WTO), as it was the case of the contracting parties to the General Agreement on Tariffs and Trade (GATT), must notify the regional trade agreements (RTA) in which they participate. Nearly all of the WTO (2007) members have engaged in an RTA and some members are party to 20 or more. GATT received 124 notifications of RTAs by its contracting parties in 1948–94 and the WTO has received 130 additional notifications since its creation in 1995. Not all these RTAs are in force currently but many have been redefined in a different RTA. Currently, there are 170 RTAs in force and the WTO estimates that an additional 70 are operational but not yet notified. The WTO estimates that by 2005 about 300 RTAs were operational.

Suggested Citation

  • Carlos M. Peláez & Carlos A. Peláez, 2008. "Trade Agreements," Palgrave Macmillan Books, in: Carlos M. Peláez & Carlos A. Peláez (ed.), Globalization and the State: Volume II, chapter 1, pages 3-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22829-0_2
    DOI: 10.1057/9780230228290_2
    as

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