Bilateral Trade Agreements and the World Trading System
Bilateral Trade Agreements (BTAs) have been proliferating. Why are they so popular? What are their impacts on multilateralism and the world trading system? This paper attempts to answer these questions.
First we identify the general and specific factors driving the growth in BTAs. Next we examine how BTAs in general, and different types of BTAs, are affecting the world trading system. Although the sheer number of BTAs is fragmenting the world trading system, the impact of individual BTAs often depends on their underlying motivation. Finally, we consider likely scenarios for the future landscape of world trade, and possible responses.
Download this Discussion Paper [ PDF 180KB| 25 pages ].
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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