Economics, Econometrics and Finance
4 years ago

Preferential trade agreements boost member nations' trade but harm non-signatories.

2 views
RePEc: Research Papers in Economics
Exploring the Links between Bilateral and Regional Trade Agreements and Merchandise Trade
Felix Barbalet, Jared Greenville, Wayne Crook, Paul Gretton, Robert Breunig

Paper Summary

Over 200 trade agreements are in effect, impacting trade flows. Some agreements boost trade between members but can harm trade with non-members. Agreements focused on open trade benefit all member nations' trade.

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