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BRICSAM and the Non-WTO

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  • Agata Antkiewicz
  • John Whalley

Abstract

We discuss recent regional trade and economic partnership agreements involving the large population rapidly growing economies (Brazil, Russia, China, India, South Africa, ASEAN, Mexico) who (with the exception of Mexico) are also outside of the OECD. Perhaps 50 out of 300 that exist worldwide now involve BRICSAM countries and most are recently concluded and to be implemented over the next few years. Along with extensive bilateral investment treaties, mutual recognition agreements, and other country (or region) to country arrangement they are part of what we term the non-WTO. We are able to find little literature on these agreements, and our aim is to document and characterize, as much as analyze possible impacts. We note the sharp variation both across countries in the form that agreements take and also across agreements for individual countries. Agreements differ in specificity, coverage and content. In some treaties there are detailed and specific commitments, but these also coexist with seemingly vague commitments and (at times) opaque dispute settlement and enforcement. Whether these represent a partial replacement of WTO process for new negotiated reciprocity-based global trade liberalization over the next decade or so, or largely represent diplomatic protocol alongside significant WTO disciplines is the issue we discuss.

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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1498.

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Date of creation: 2005
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Handle: RePEc:ces:ceswps:_1498

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  1. SUWA-EISENMANN Akiko & VERDIER Thierry, 2007. "Aid and trade," Research Unit Working Papers 0709, Laboratoire d'Economie Appliquee, INRA.
  2. O G Dayaratna Banda & John Whalley, 2005. "Beyond Goods and Services: Competition Policy, Investment, Mutual Recognition, Movement of Persons, and Broader Cooperation Provisions of Recent FTAs involving ASEAN Countries," NBER Working Papers 11232, National Bureau of Economic Research, Inc.
  3. Ibarra-Yunez, Alejandro, 2003. "Spaghetti regionalism or strategic foreign trade: some evidence for Mexico," Journal of Development Economics, Elsevier, vol. 72(2), pages 567-584, December.
  4. Whalley, John & Antkiewicz, Agata, 2004. "China's New Regional Trade Agreements," Working Papers 24155, Canadian Agricultural Trade Policy Research Network.
  5. Lucian Cernat, 2001. "ASSESSING REGIONAL TRADE ARRANGEMENTS: ARE SOUTH–SOUTH RTAs MORE TRADE DIVERTING?," International Trade 0109001, EconWPA.
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Cited by:
  1. John Whalley, 2006. "Recent Regional Agreements: Why so many, why so much Variance in Form, why Coming so fast, and where are they Headed?," CESifo Working Paper Series 1790, CESifo Group Munich.
  2. Nenci, Silvia, 2008. "The Rise of the Southern Economies: Implications for the WTO-Multilateral Trading System," Working Paper Series RP2008/10, World Institute for Development Economic Research (UNU-WIDER).
  3. John Whalley & Dana Medianu, 2010. "The Deepening China Brazil Economic Relationship," CESifo Working Paper Series 3289, CESifo Group Munich.

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