Trade Agreement Map

The number of trade agreements has increased significantly since the early 1990s. Trade agreements cover more and more subjects and an average text of the treaty is now about ten times longer than it was 25 years ago. This makes it increasingly difficult to analyze the content of trade agreements and their impact on international trade and well-being. Big data and textual data methods can help researchers, policy makers and other stakeholders better manage the increasing complexity of trade agreements. The ITC`s Trade Law Division offers a technical assistance program to improve a country`s legal framework for international trade, resulting in a country-by-country analysis license. The programme is implemented in cooperation with national policy makers, TSIs and the legal and economic world. These include training in multilateral trade agreements, assessing the country`s strengths and weaknesses, and training in the use of the LegaCarta database. The creation of free trade zones is seen as an exception to the most privileged principle of the World Trade Organization (WTO), since the preferences of the parties to the exclusive granting of a free trade area go beyond their accession obligations. [9] Although GATT Article XXIV authorizes WTO members to establish free trade zones or to conclude interim agreements necessary for their establishment, there are several conditions relating to free trade zones or interim agreements leading to the creation of free trade zones. The trade agreement database provided by THE ITC Market Access Card. Given that hundreds of free trade agreements are currently in force and are being negotiated (approximately 800 according to the rules of the intermediary of origin, including non-reciprocal trade agreements), it is important for businesses and policy makers to keep their status in mind. There are a number of free trade agreement custodians available at national, regional or international level. Among the most important are the database on Latin American free trade agreements, established by the Latin American Integration Association (ALADI) [23], the database managed by the Asian Regional Integration Center (ARIC) with information agreements concluded by Asian countries[24] and the portal on free trade negotiations and agreements of the European Union.

[25] Both the creation of trade and the diversion of trade have a decisive impact on the establishment of a free trade agreement. The creation of trade will result in a shift in consumption from a cost producer to a low-cost producer, which will lead to an expansion of trade. On the other hand, trade diversion will mean that trade will move from a low-cost producer outside the zone to a more expensive producer in the free trade agreement. [16] Such offshoring will not benefit consumers under the free trade agreement, which will be deprived of the opportunity to purchase cheaper imported goods.