The article discusses whether regional trade agreements conflict with the global trade system and if world trade is becoming more regionalized. The researchers found that regional trade agreements are on the rise and are likely here to stay. In Europe, the EU is expanding and deepening, while in the Americas, NAFTA is encouraging more free trade agreements. Asian countries are also considering strengthening their trade links. Overall, the success of GATT negotiations reinforces the need to understand the relationship between regional and global trade.