North–South Regional Trade Agreements

Moshe Hirsch

doi:10.1017/CBO9780511994715.011

9 - North–South Regional Trade Agreements

Prospects, Risks, and Legal Regulation

from Part III - Law and Development in Free Trade Agreements

Published online by Cambridge University Press: 05 August 2011

Edited by

Won-Mog Choi and

Moshe Hirsch: Affiliation:
Hebrew University of Jerusalem
Yong-Shik Lee: Affiliation:
The Law and Development Institute, Sydney
Gary Horlick: Affiliation:
Georgetown University Law Center
Won-Mog Choi: Affiliation:
Ewha Womans University School of Law, Seoul
Tomer Broude: Affiliation:
Hebrew University of Jerusalem

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Summary

Introduction

The recent decade has witnessed an unprecedented increase in the number of regional trade agreements (RTAs; mostly FTAs and customs union) and their scope. Several scholars consider the rapid proliferation of RTAs to be one of the major developments in international relations. Although some kinds of RTAs have existed for centuries, the numbers, as well as the world share of trade covered by RTAs, have been steadily increasing over the past decade. Nearly all countries belong to at least one RTA, with some being parties to numerous agreements. RTAs already account for almost half of world trade, and this is expected to increase if all the RTAs currently in the pipeline are implemented. According to the World Trade Organization (WTO), some 462 RTAs have been notified to the General Agreement on Tariffs and Trade (GATT)/WTO up to February 2010. At the same date, 271 agreements were in force.

Type: Chapter
Information: Law and Development Perspective on International Trade Law , pp. 225 - 245

DOI: https://doi.org/10.1017/CBO9780511994715.011 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2011

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