Posted by: mulrickillion | August 20, 2011

WTO | 2011 Press Releases – Asia is at the leading edge of new trade pacts, says WTO report – Press/635

WTO: 2011 PRESS RELEASES

PRESS/635

27 July 2011

WORLD TRADE REPORT 2011

Asia is at the leading edge of new trade pacts, says WTO report

Burgeoning bilateral and regional trade agreements meet the need to regulate global production and can benefit non-members, but the WTO’s multilateral system also has a role in reducing the resulting complexity, according to the latest edition of the organization’s flagship publication released on 20 July 2011 in Geneva.

The World Trade Report 2011, which was presented to United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) members on 27 July 2011 in Bangkok, observes that Asian countries have become some of the most active in signing preferential trade agreements (PTAs). They have been party to almost half the PTAs concluded in the last 10 years. This has contributed to the increased concentration of trade within the region — second only to Europe in 2009.

But more significantly preferential agreements are evolving towards deeper integration that goes beyond tariffs and other measures at national borders — they increasingly include domestic policies such as regulations on services and investment, intellectual property protection and competition policy, which the report calls “deep PTAs”. . . .

WTO | 2011 Press Releases – Asia is at the leading edge of new trade pacts, says WTO report – Press/635


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: