Book contents
- Frontmatter
- Contents
- About the Editors and Authors
- Acknowledgments
- Law and development perspective on international trade law
- Introduction
- Part I Developing Countries and International Trade
- Part II Law and Development in the World Trade Organization
- Part III Law and Development in Free Trade Agreements
- 9 North–South Regional Trade Agreements
- 10 Free Trade Agreements
- 11 Developing Countries, Trade, and Human Rights
- 12 Free Trade Agreements and Foreign Direct Investment
- Part IV Law and Development in Regional Initiatives
- Epilogue
- Index
- References
12 - Free Trade Agreements and Foreign Direct Investment
A Viable Answer for Economic Development?
from Part III - Law and Development in Free Trade Agreements
Published online by Cambridge University Press: 05 August 2011
Book contents
- Frontmatter
- Contents
- About the Editors and Authors
- Acknowledgments
- Law and development perspective on international trade law
- Introduction
- Part I Developing Countries and International Trade
- Part II Law and Development in the World Trade Organization
- Part III Law and Development in Free Trade Agreements
- 9 North–South Regional Trade Agreements
- 10 Free Trade Agreements
- 11 Developing Countries, Trade, and Human Rights
- 12 Free Trade Agreements and Foreign Direct Investment
- Part IV Law and Development in Regional Initiatives
- Epilogue
- Index
- References
Summary
Regionalism in international trade and investment
Although the global multilateral trading system represented by the World Trade Organization (WTO) provides a regulatory framework for international trade today, as of May 2010, 320 regional trade arrangements (RTAs) are also in force. RTAs have a significant impact on international trade today because more than 90% of WTO Members, including developing-country members, have signed at least one or more RTAs. The trade of a majority of developing-country members is thus affected by the terms of RTAs as well as WTO disciplines. The trade of developing countries not participating in particular RTAs may also be affected by the terms of these RTAs because the competitive position of their exports in the markets of RTA members can be relatively weakened by the trade preference offered to the members but not to nonmember developing countries.
- Type
- Chapter
- Information
- Law and Development Perspective on International Trade Law , pp. 297 - 314Publisher: Cambridge University PressPrint publication year: 2011
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