Harmonized Trade Agreements Could Pave Way for Global Free Trade
The article suggests ways to improve global trade by making regional trade agreements (RTAs) more efficient. The researchers studied different rules that RTAs can use to help trade flow smoothly between countries. They found that using a certain type of rule called "full cumulation" is the best way to boost trade within regions while minimizing disruptions to trade outside those areas. This approach can make sure that regional trade agreements work well together and ultimately move us closer to worldwide free trade.