Jump to ContentJump to Main Navigation
Reconstructing the World Trade Organization for the 21st CenturyAn Institutional Approach$
Users without a subscription are not able to see the full content.

Kent Jones

Print publication date: 2015

Print ISBN-13: 9780199366040

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199366040.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 November 2019

Regional vs. Multilateral Trade Liberalization

Regional vs. Multilateral Trade Liberalization

(p.157) 6 Regional vs. Multilateral Trade Liberalization
Reconstructing the World Trade Organization for the 21st Century

Kent Jones

Oxford University Press

The number of regional trade agreements (RTAs) has grown sharply in recent years, and they are the main alternative to World Trade Organization (WTO) trade agreements. RTAs are inherently discriminatory and are therefore discouraged by the GATT/WTO system, which rests on the most-favored nation clause. However, RTAs have co-existed with this system and may even be instrumental in motivating broader and deeper trade liberalization. Despite the problems they present to a multilateral trading system, RTAs are here to stay, and the growth and spread of regional supply chains has reinforced their popularity. Numerous large RTAs have sprung from the failed Doha Round, especially in the Pacific region. RTAs will contribute to broader trade liberalization if they are larger, deeper, and open to further integration into global markets.

Keywords:   World Trade Organization, WTO, General Agreement on Tariffs and Trade, GATT, Doha Round, regional trade agreements, RTA, trade liberalization, supply chain

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .