Global Trade Landscape Transformed as Regional Agreements Surge Worldwide
In 2010, the World Trade Organization (WTO) received 26 notifications about 18 new regional trade agreements (RTAs). These RTAs, which are deals between countries to promote trade, include both one-on-one agreements and agreements between regions. By the end of 2010, there were a total of 484 RTAs that had been notified to the WTO, with 293 of them already active. This shows that countries around the world are continuously forming agreements to improve and regulate their trade relationships.