Legal Aspects Of Free Trade Agreements

CHAPTER 19 LEGAL ASPECTS OF FREE TRADE AGREEMENTS: IN THE linguistic context OF member XXIV OF THE GATT 1994 Mitsuo Matsushita* I. RECENT DEVELOPMENTS OF FTA AND RTA AGREEMENTS About 90% of the Members of the WTO atomic number 18 participants of FTA and RTA (customs matrimony and unthaw duty areas)1 . In the year 2000, the iv FTAs (the EU, the NAFTA, the MERCOSUR and the ASEAN) meshed 64.5.4% of the total export clientele and 69.5% of the total implication bargain of the world.2 This fact presents a challenge to the WTO and the multilateral business system. Proliferation of bilaterally symmetrical and regional agreements whitethorn cause wear of the disciplines of the WTO and thereby the potency of the multilateral trading system whitethorn be weakened. barely given the fact that there are much than cxxx of such agreements and such agreements entangle consequential entities such as the European Union, the NAFTA, and the MERCOSUR, the WTO needs someho w to co-exist with them. The inwardness issue is how to key out the existence of FTA arrangements and yet to assert some disciplines on them so that they would not undermine the WTO principles3 . The proliferation of FTA may be attributed to difficulty in the multilateral negotiations conducted at the WTO.

this instant that WTO negotiations must focus more and more on small issues such as trade and environment, intellectual property rights and epidemics (HDP-Aids, malaria and terabyte etc), trade and investment and trade and competition policy and that growing countries are the majority of the Members of the WTO, to force back throu gh consensus on a multilateral basis is beco! ming increasingly difficult. Professor old of Tokyo University and former member of the appellate Body, WTO For the sake of brevity, the full term FTA is used in this article to include both FTA/RTA free trade area and customs union. 2 2002 Report on the WTO Consistency of Trade Policies by major(ip) Trading Partners (Industrial Structure Council, METI, japan 2002), p. 488 3 Some systemic issues with regard to...If you want to get a full essay, cast it on our website: BestEssayCheap.com

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