The Effects of Mega-Regional Trade Agreements on the Multilateral Trading System // Efekti Mega-Regionalnih Sporazuma Na Multilateralni Trgovinski Sustav

Bilas, Vlatka; Franc, Sanja

doi:10.7251/emc1602212b

Cited by 3 publications

(3 citation statements)

References 8 publications

(10 reference statements)

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“…While RTAs' role as a stumbling block to multilateralism remains underexplored, there are instances of RTAs serving as a building block for multilateralism (Vitalis 2015). Bilas and Franc (2016) are more optimistic and posit that regionalism and multilateralism are expected to continue to coexist.…”

Section: Discussion and Potential Explanations Of The Outcomesmentioning

confidence: 99%

Assessing the Effect of Joining the World Trade Organization on Trade Performance: A Study of CIS Countries

Tanaguzova,

Nanovsky,

Orazgaliyev

2023

Economies

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This research delves into the impact of World Trade Organization (WTO) membership on trade dynamics in the Commonwealth of Independent States (CIS) region, focusing on the potential augmentation or diversion of trade resulting from CIS countries’ WTO accession. The study context is grounded in the interplay between regionalism, represented by regional trade agreements and historical connections, and global integration facilitated by WTO membership. The study also scrutinizes the potentially complicating role of the Eurasian Economic Union (EAEU) regional bloc, referencing the ‘Spaghetti Bowl’ phenomenon of overlapping trade agreements. The gravity model of trade serves as a conceptual foundation to understand the effects of WTO membership and regional trade agreements on trade costs. Empirical results suggest that WTO membership has not enhanced trade for the CIS. Instances of trade within the CIS region where there is only one WTO member have resulted in a positive trend, even though there is no robust evidence that it is due to WTO membership. The EAEU enhances trade and serves as a trading bloc within the region. This study highlights that while the WTO strives to foster trade liberalization and growth, its effects can be region-specific and complex, as demonstrated by the CIS region’s experience. The research also hints at the importance of intra-regional trade and unique regional factors as critical determinants of trade patterns, which can enhance broader trade expansion and economic development.

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Section: Discussion and Potential Explanations Of The Outcomesmentioning

confidence: 99%

Assessing the Effect of Joining the World Trade Organization on Trade Performance: A Study of CIS Countries

Tanaguzova,

Nanovsky,

Orazgaliyev

2023

Economies

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“…They involve deep integration between countries or regions with a significant share of world trade and foreign direct investment, with two or more parties to the agreement dominating or acting as a key node in the global value chain (Lukács & Völgyi, 2018;Meléndez-Ortiz, 2014). Mega-regional trade agreements have sufficient potential and implement an ambitious liberalization scenario to influence trade rules and trade flows beyond their area of application (Bilas & Franc, 2016). Therefore, apart from other factors, the future of the multilateral trading system will also depend on the nature of such agreements and their openness or closure to new members.…”

Section: (4) 2022mentioning

confidence: 99%

Prospects for the Development of Polish Agri-Food Exports to the Regional Comprehensive Economic Partnership Countries

Ambroziak¹,

Szczepaniak²,

Pawlak³

2022

Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economi

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The aim of the article is to describe polish agri-food exports to countries that are members of the regional comprehensive economic partnership (rcep) and to assess the possibilities of developing exports of polish food producers to the markets of these countries. The study was conducted, among others, with the use of a synthetic perspective index based on the data from statistics poland and the wiTscomtrade database. The study shows that rcep countries have a relatively low share in polish agrifood exports (2.7% in 2021) and the trade is characterized by a permanently negative balance of food turnover. in the context of the growth prospects for polish exports, it is difficult to speak of the same product groups in all markets. on the contrary, the choice of a given market determines which products can be regarded as prospective in polish exports to this market. The products include not only processed, but also agricultural and low-processed ones. There is a risk that the agreement, which has been in force since the beginning of 2022, will cause the diversion effect, consisting in reducing the trade of rcep countries with non-rcep countries. This may make it necessary to adapt the trade strategy implemented on the asian market by eu countries, including poland, to the new conditions.

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“…The number of regional trade agreements (RTAs), such as AFTA and AFCFTA, has increased rapidly over the last few decades. A regional trade agreement (RTA) is an agreement between two or more countries where trade is facilitated by removing trade barriers among the involved countries [10,[20][21][22]. Becoming a member of a Free Trade Agreement (FTA) can also enhance trade in agricultural flows [23].…”

Section: Introductionmentioning

confidence: 99%

Determinants of Cocoa Bean Trade in the International Market: Gravity Model Approach

Nisa’,

Darsono,

Antriyandarti

2023

IJSDP

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Cocoa beans are one of Indonesia's primary export commodities, ranking fourth in terms of foreign exchange earnings. Under conditions of free trade, this study aimed to analyze the determinants of the export value of Indonesian cocoa beans compared to its competitors in West African countries (Ivory Coast, Ghana, and Nigeria). The research method used is the gravity model with panel data from 2000 -2020, using STATA 14.2 and Microsoft Excel. The results indicate that the variables significantly affecting the export value of cocoa beans are economic distance, production, export volume, the population of exporting countries, harvested area, exchange rate, and membership in AFCFTA. Other variables are not significant. This study concludes that the effect of export volume and production of cocoa beans, economic distance, and exchange rate are positive, while the effect of membership in AFCFTA is negative. However, this study is unable to analyze the factors that influence the trade of Indonesian cocoa beans and its competitor countries to the import destination country (Malaysia) as well as the export of cocoa beans (raw or roasted). Future research direction includes exploring Indonesia's post-COVID-19 international trade strategy and food safety issues.

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The Effects of Mega-Regional Trade Agreements on the Multilateral Trading System // Efekti Mega-Regionalnih Sporazuma Na Multilateralni Trgovinski Sustav

Cited by 3 publications

References 8 publications

Assessing the Effect of Joining the World Trade Organization on Trade Performance: A Study of CIS Countries

Assessing the Effect of Joining the World Trade Organization on Trade Performance: A Study of CIS Countries

Prospects for the Development of Polish Agri-Food Exports to the Regional Comprehensive Economic Partnership Countries

Determinants of Cocoa Bean Trade in the International Market: Gravity Model Approach

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