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Regional Trade Agreements with Global Value Chains

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Abstract

This FEDS Note looks at the effect of Regional Trade Agreements on trade between the agreement zone and the rest of the world. Global Value Chains are associated with an increase in outflow. Hence, RTAs can be a stumbling block for multilateralism.

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  • Francois de Soyres & Julien Maire & Guillaume Sublet, 2021. "Regional Trade Agreements with Global Value Chains," FEDS Notes 2021-02-04, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2021-02-04
    DOI: 10.17016/2380-7172.2841
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/regional-trade-agreements-with-global-value-chains-20210204.htm
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