THE PECULIARITIES AND DEVELOPMENT DYNAMICS OF REGIONAL TRADE AGREEMENTS AT THE BEGINNING OF XXIst CENTURY
Keywords:
bilateral and multilateral agreements, foreign trade policy, GATT, interregional RTA networks, preferences, process of regionalization, regional trade agreements, regulatory structure of WTO, trans-regional marketsAbstract
The formation of transcontinental trade networks is among the outcomes of the process that intensifies the creation of regional blocks. Under these conditions, not only economic and political mechanisms for international flows regulation, but also the distribution of forces and the priorities of major actors on the world market are transformed. Therefore, singling out the peculiarities of and development trends in modern regional trade agreements (RTAs), likewise description of their spatial and economic configuration, allows having a new vision on how the RTAs affect the globalization process at the world market.
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