What is the need and practicality of Regional Trade Agreement in WTO?

Question by Daniel Craig: What is the need and practicality of Regional Trade Agreement in WTO?

After whatever I have read about it, all I understand is that A regional trade agreement is an economic trade agreement to reduce tariffs and restrictions on trade between two or more nations within a certain region. Despite reading through some articles, I feel completely blank about the subject. Please can someone help me out !




Best answer:

Answer by FRAGINAL-NOYPI
Regional cooperation on trade is the main purporse of the WTO so that member countries will not have difficulty in the exchange of goods with regards to tariffs and security matters.

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