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Regional trade agreements (RTAs) are defined as trade agreements between two or more partners, which include free trade and customs unions. Preferential trade agreements (PTAs) are defined as unilateral trade preferences. These can include factors such as preferential import tariffs . As a result, it has been determined that the...
803 words | 3 page(s)
Our world is increasingly being shaped by forces of globalization. But globalization of trade and investment has not been embraced by everyone unanimously because just as there are benefits, there are certain shortcomings as well. One of the benefits of globalization of trade and investment is bigger markets for the...
332 words | 2 page(s)