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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Promoting Regional Trade Agreements May Undermine the Progress in Multilateral Trade System

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DOI: 10.25236/edssr.2020.043

Author(s)

Baima Caicuo

Corresponding Author

Baima Caicuo

Abstract

Establishment of the World Trade Organization has helped in promoting trade and investment around the world.However, increasing number of regional trade agreements may affect the progress in world trading system and generate trade barriers between countries. Promoting multilateral trading system is the best long-term strategy for both developed and developing countries to develop their trade and investment.

Keywords

The world trade organization, Regional trade agreements, Regionalism