Conflicts Between Regional Trade Agreements & the WTO

• How many regional trade agreements were there globally in March 2022?

  320
• What is one benefit of regional trade agreements for member countries?

  They strengthen ties and create more trade between members
• How do regional trade agreements conflict with the WTO's aim?

  They create conflicts with the aim to liberalise trade
• What is a potential negative effect of regional trade agreements on trade dynamics?

  They can shift trade from a non-member with comparative advantage to a member without it
• What do regional trade members often do to non-members?

  They institute common trade barriers
• What does the WTO advocate for among member countries?

  Free trade
• What is the impact of regional trade agreements on global resource allocation?

  They may result in global inefficiency in the allocation of resources