Global buisness | Global Business

 
   

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.


  Order a Similar Paper    Order a Different Paper  

Regional trade agreements (also called RTAs) are not actually in competition with the World Trade Organization (or WTO). They support WTO’s multilateralism. Indeed, the rules that partners negotiate as they formulate agreements often form the basis for improvements at the WTO. For instance, WTO’s standards about intellectual property, environmental standards, and competition policies are informed by guidelines set forth by partners of RTAs, and hence these blocks are beneficial (not harmful) to global trade