Free Trade Agreements and Governance of the Global Trading System
Goldman School of Public Policy Working Paper No. GSPP11-003
39 Pages Posted: 18 Mar 2011
Date Written: February 13, 2011
This paper explores how far free trade agreements (FTAs) have strengthened or weakened global governance of the trading system. We open with an analysis of the altered political and economic context within which countries have come, in recent years, to assign a new importance to regional and bilateral trade agreements in their trade policies. We then consider each of the main provisions included in FTAs and comment on how these may separately affect the management of trade relations. We conclude with some observations of the broader trends affecting global governance that are associated with the spread of trade agreements as a whole.
Keywords: Global trading system, free trade agreements, WTO, management of trade relations
JEL Classification: F1, F10, F13
Suggested Citation: Suggested Citation
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By John Whalley