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Handbook of Trade Policy for Development$
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Arvid Lukauskas, Robert M. Stern, and Gianni Zanini

Print publication date: 2013

Print ISBN-13: 9780199680405

Published to Oxford Scholarship Online: January 2014

DOI: 10.1093/acprof:oso/9780199680405.001.0001

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Deep Integration in Preferential Trade Agreements *

Deep Integration in Preferential Trade Agreements *

Chapter:
(p.537) Chapter 17 Deep Integration in Preferential Trade Agreements*
Source:
Handbook of Trade Policy for Development
Author(s):

Jean-Christophe Maur

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199680405.003.0017

In the last 20 years, PTAs have kept increasing in both number and scope. Deep integration differs from traditional integration agreements in its scope, motives, and modalities of implementation. It often encompasses other areas that can be found in some North-South PTAs like competition, labor, or environment. Deep integration is as much about trade as it is about other dimensions of economic management and public policy. Thus, its motives and goals are often closer economic and political union rather than simply free trade. The domestic regulatory dimension is at the heart of modern PTAs. Since deep integration is often multilateral in nature, pursuing a faster and deeper liberalization through PTAs becomes a building rather than a stumbling block towards free multilateral trade. Finally, deep integration agreements should be understood as “living agreements,” where implementation and the process of integration are as important as agreeing rules of preferential liberalization up front.

Keywords:   Deep trade and economic integration, preferential liberalization, PTAs

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