Is the global trading system at a turning point?
The representatives from the European Union and the United States are discussing a complex package of subjects that are of relevance to more than just the transatlantic economic area. Those who venture to look beyond the Atlantic rim will soon see that the likely global effects are enormous.
The transatlantic free trade agreement and other “mega-regionals”, like the Transpacific Partnership negotiated by the USA and ten other countries, demonstrate that regional agreements are covering ever more trade flows and intruding ever deeper into national regulatory systems. Greater attention needs to be paid to the effects these “mega-regionals” are having on the World Trade Organization (WTO) and developing countries.
What are the implications of mega-regionals for the multilateral trading system? How will developing countries and emerging economies be affected?
This special presents the work of the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) on the effects of trade and investment agreements.