From Spaghetti Bowl to Jigsaw Puzzle? Addressing the Disarray in the World Trade System

October 1, 2014

The rise of mega-regionals such as the Regional Comprehensive Economic Partnership (RCEP) and the Trans-Pacific Partnership (TPP) suggests that the world trade system is fragmenting to the point it appears more like a jigsaw puzzle than a spaghetti bowl. There are both regional and global jigsaw puzzles to be solved—in that order—to clean up the world trade system. But is this even likely? The difficulties of free trade agreement (FTA) consolidation at the regional level are well known, while piecing together the blocs around the world to form a coherent whole is even more challenging.

Read Full Material: Link


Topics: WORLD TRADE ORGANIZATION (WTO) MULTILATERALISM

Regions: EAST ASIA SOUTHEAST ASIA

Authors: JAYANT MENON

Publishing Institution: ASIAN DEVELOPMENT BANK

RTA

Other Research

RTA

Facilitation 2.0: Services and Trade in the Digital Age

October 1, 2018

Although services facilitation is recent topic of discussion at the World Trade Organization, it is not novel in the context of regional trade agreements (RTAs), where provisions on increased trans... READ MORE

RTA

Facilitation 2.0: E-Commerce and Trade in the Digital Age

September 27, 2018

With a growing number of transactions available on the internet, the interconnection between regulatory issues creates unprecedented complexities for both transaction subjects and policymakers. Thr... READ MORE