![]() The very principle for the establishment of trade blocs is in line with the principles of the World Trade Organization. ![]() Secondly, it is discriminatory as it is only applicable to those who are member states and non-member states are not given the same treatment. The essential features that one must vary of when talking about trade blocs is that trade blocs firstly aim at removing trade difficulties and permit trade efficiency. A trading bloc is a trade agreement between various states aimed at removing trade barriers for member states. However, the increase in regional trading blocs is now seen as a major cause of concern for the system of trade under WTO. Initially, the growth of regional trading blocs was encouraged by the World Trade Organization (WTO). Regional trading blocs have been a striking feature of international trade ever since the 1900s. Regional trading blocs: Stumbling or building blocks? INTRODUCTION ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |