Regional trade agreements (SAAs) now cover more than half of international trade and coincide with global multilateral agreements within the framework of the World Trade Organization (WTO). In recent years, many countries have actively attempted to establish new bilateral and regional — and often more modern and advanced — trade agreements aimed at increasing trade and stimulating economic growth. The current dissemination of SPAs partly reflects the need for deeper integration than has been achieved through older multilateral agreements. The Trade Bloc Insights section of globalEDGE provides detailed analysis and resources curated by the world`s leading trading blocs. Discover statistics and resources to learn about trade agreements and their economic impact. Read a detailed history of each trading bloc, a timeline for important data, and a list of member countries for each trade agreement. The African Union is an organization of regional, social and economic cooperation. The website provides detailed information on all major economic cooperation programmes in Africa. Information includes participating countries, official documents, major events and press releases.
A regional trade agreement (RTA) is a treaty between two or more governments that sets out the trade rules applicable to all signatories. Regional trade agreements include the North American Free Trade Agreement (NAFTA), the Central American-Dominican Republic Free Trade Agreement (CAFTA-DR), the European Union (EU) and the Asia-Pacific Economic Cooperation (APEC). Member States benefit from trade agreements, including by creating more employment opportunities, reducing unemployment rates and experimenting with the market. Since trade agreements are usually accompanied by investment guarantees, investors wishing to invest in developing countries are protected from political risks. The website of the South Asian Association for Regional Cooperation (SAARC) provides information on regional cooperation in South Asian countries, including cooperation in the fields of agriculture and rural development, biotechnology, energy, environment and trade and finance. SAARC offers the latest news, press releases and publications of the organization. It also allows readers to download explanations of all summits. A free trade agreement removes all barriers to trade between members, which means they can move freely between goods and services. As far as relations with non-members are concerned, the trade policy of each member is always effective. To the extent that they go beyond WTO commitments and remain open to further participation by countries that commit to their standards, they can complement the multilateral trading system.
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