The evolution of trade treaties and trade creation : lessons for Latin America (English)

The author examines the main distinction between trade liberalization under the General Agreement on Tariffs and Trade (GATT) and under regional trading agreements. Under the GATT, trade liberalization is based on the most-favored-nation principle. Under regional trade agreements, it is based on preferential trade. Establishing regional trade agreements does not necessarily lead to greater regional integration. The European Economic Community has...

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Author

Rajapatirana,Don Sarath;
Document Date
1994/10/31
Document Type
Policy Research Working Paper
Report Number
WPS1371
Volume No
1
Total Volume(s)
1
Country
Latin America, Caribbean,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
The evolution of trade treaties and trade creation : lessons for Latin America
Keywords
federal reserve bank of new york

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Citation

Rajapatirana,Don Sarath.

The evolution of trade treaties and trade creation : lessons for Latin America (English). Policy, Research working paper ; no. WPS 1371 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/880061468753259901

The evolution of trade treaties and trade creation : lessons for Latin America (English)

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