World Trade Agreements Reshape Global Trade Landscape, Empower Regional Blocs
The article looks at regional trade deals under the World Trade Organization’s rules. These agreements aim to boost trade between certain areas without hurting trade with other places. If these deals don't follow WTO rules, it's a problem – especially the Most-Favored Nation rule. To create these trade deals, members need to meet certain trade standards. Some terms in the WTO laws can be unclear, but past verdicts help make them clearer.