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Regional Trade Blocs

Regional Trade Blocs. 133 Prathmesh Thale 135 Sumeet Hooja 136 Jossy Thomas 137 Jamshid Roointon 139 Jomy Joseph 140 Rupali Badadare. AICAR B-School 2003 - 2005. The Scope of the Presentation. The beginning of International Trade Multilaterism and Free Trade

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Regional Trade Blocs

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  1. Regional Trade Blocs 133 Prathmesh Thale 135 Sumeet Hooja 136 Jossy Thomas 137 Jamshid Roointon 139 Jomy Joseph 140 Rupali Badadare AICAR B-School 2003 - 2005

  2. The Scope of the Presentation • The beginning of International Trade • Multilaterism and Free Trade • The WTO – Champion of Multilaterism • Regional Trading Trends and Structures • The European Union • The North American Free Trade Agreement • The Andean Community • Conclusion

  3. Trade post World War II • Globalisation • Exponential Growth • Falling Trade Barriers • Increased Investment • Foundations of Multilaterism

  4. Multilateralism & Free Trade • Meaning of Free Trade • Principle of Comparative advantage • Benefits of Free Trade • Ill effects of Protection

  5. The World Trade Organisation • What is the WTO • Its Goals • ITO • GATT • Trade Rounds • The Uruguay Round • The formation of the WTO • The Doha and Cancun Rounds

  6. Underlying Principles of WTO • Most-favoured-nation (MFN) • National treatment • Reciprocity • Transparency • Dispute Settlement Reciprocity

  7. RTA's and their types • What is an Regional Trading Agreement • Preferential Trading Agreements (PTAs) • Free Trade Agreement/Area (FTA) • Customs Union • Common Markets • Economic Unions

  8. Regionalism and Role of RTA’s • Trend towards RTA’s • Served as Precedents • The Initial Path • Inadequate National Capacities • Local Co-operation • Restructuring and Co-ordination • Secure Markets • Economies of Scale

  9. Reasons for the Trend towards RTA’s • Influence of European Integration • Reversal of American Position • The Canadian Willingness • Shift in the Thinking of Developing Nations Effects of RTA’s • Trade Creation Effect • Trade Diversion Effect • Terms of Trade Effect • Market Expansion Effect • Competition Enhancement Effect

  10. North American Free Trade Agreement (NAFTA) • Introduction • Objectives • Influence on economy

  11. Objectives • Tariff Reduction • More Access to Financial Services • Lowering Barriers to Movement of Goods • Creation of Special Fund • Creation of North American Development Bank

  12. Influence On Economy • Gross Domestic Product • Exports • Employment Opportunities • Agriculture

  13. Andean Community Members • Bolivia • Ecuador • Colombia • Peru • Venezuela

  14. History • Cartagena Agreement(1969) • President Involvement

  15. Objectives • Promote balanced and harmonious development • Growth through integration and economic and social cooperation • Enhance progressive formation of a Latin American common market • Steady improvement in the standard of living of their inhabitants

  16. Governing Bodies • Andean Presidential Council • Andean Council of Foreign Council • Andean Community Commission • Andean Community General Secretariat • Andean Community Court of Justice • Andean Parliament • Business Advisory Council and The Labor Advisory Council

  17. Future Plans • Customs Union • Liberalization of markets • Agreement with MERCOSUR • Agreement with EU

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