Legal Aspects Of Free Trade Agreements

CHAPTER 19 LEGAL ASPECTS OF FREE TRADE AGREEMENTS: IN THE place setting OF member XXIV OF THE GATT 1994 Mitsuo Matsushita* I. RECENT DEVELOPMENTS OF FTA AND RTA AGREEMENTS About 90% of the Members of the WTO be participants of FTA and RTA (customs matrimony and complimentary duty areas)1 . In the year 2000, the foursome FTAs (the EU, the NAFTA, the MERCOSUR and the ASEAN) meshed 64.5.4% of the total export clientele and 69.5% of the total outcome bargain of the world.2 This fact presents a challenge to the WTO and the multilateral profession system. Proliferation of bilaterally symmetrical and regional agreements whitethorn cause eating away of the disciplines of the WTO and thereby the potency of the multilateral trading system may be weakened. barely given the fact that there are much than cxxx of such agreements and such agreements entangle outstanding entities such as the European Union, the NAFTA, and the MERCOSUR, the WTO needs somehow to co- exist with them. The core out issue is how to key out the existence of FTA arrangements and yet to asseverate some disciplines on them so that they would not undermine the WTO principles3 . The proliferation of FTA may be attributed to difficulty in the multilateral negotiations conducted at the WTO.

at present that WTO negotiations must focus more and more on in the buff issues such as trade and environment, intellectual property rights and epidemics (HDP-Aids, malaria and terbium etc), trade and investment and trade and competition policy and that growth countries are the majority of the Members of the WTO, to break through consensus on a multilateral basis is becoming increasing ly difficult. Professor old of Tokyo Unive! rsity and former member of the appellate Body, WTO For the sake of brevity, the terminus FTA is used in this article to include both FTA/RTA free trade area and customs union. 2 2002 Report on the WTO Consistency of Trade Policies by major(ip) Trading Partners (Industrial Structure Council, METI, lacquer 2002), p. 488 3 Some systemic issues with regard to...If you want to get a full essay, cast it on our website: OrderEssay.net

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