Global Trade Disrupted as Nations Embrace Regional Agreements
This article talks about regional trade agreements (RTAs), like free trade deals and customs unions, which have become popular among countries in recent times. Some nations are turning to RTAs because global trade talks at the WTO have hit roadblocks, and they think regional deals might be easier to achieve. However, others argue that this focus on RTAs could harm global trade negotiations. The article raises the question of whether RTAs help or hinder the overall global trade system.