Regional trade agreements
Market access provisions in regional trade agreements
Regional trade agreements (RTAs) have proliferated over the past decade around the world to cover nearly half of global trade. The number of RTAs notified to the WTO is approaching 200 while the total number of RTAs around the world exceeds 300. The global RTA spree has forged a veritable spaghetti bowl of multiple and often overlapping agreements. The various rules included in each RTA entangle the bowl further. Besides market access of goods many RTAs today include provisions in such trade disciplines as services investment standards intellectual property and competition rules as well as a host of issues not directly related to trade such as the environment.
Market access provisions on trade in goods in regional trade agreements
The goal of this study is to provide a comprehensive overview of the market access provisions that apply to trade in goods contained in regional trade agreements (RTAs) notified to the WTO and in force. Although a number of studies have looked at market access provisions in trade in goods much of this work has been limited to subsets of RTAs particularly plurilateral RTAs involving three or more parties. Th e goal of this study is to expand beyond the more commonly studied RTAs and to include all RTAs notified to the WTO for which data are available. A previous study published in 2012 surveyed the market access provisions applicable in merchandise trade for 193 RTAs in force at that time. Since then the number of RTAs has continued to grow. As of December 2014 more than 250 RTAs containing provisions on trade in goods have been notified to the WTO and are in force. The majority of these RTAs – more than 80 per wto_cent – were notified to the WTO in the last ten years or so.
Foreword
Technology has always propelled trade. From the invention of the steam engine and steamship in the 1700s the popularization of the standard shipping container in the 1950s and the rise of the internet in the 1990s technology has over the centuries profoundly changed the way we trade. Today emerging technologies and digitalization are changing trade at a speed much faster than before – leading to both opportunities and challenges.
Global interoperability of data models for trade documents and platforms
In a digital environment for parties to seamlessly exchange data and documents all information needs to be clearly defined and unambiguous (World Economic Forum/UNECE 2017). Reaching agreement on both the semantic content (i.e. data definitions such as whether the ‘port of unlading’ is the same as the ‘port of discharge’) and the syntax of data (i.e. data structure or format) is critical to ensure trading partners wanting to exchange information understand it in the same way.
Conclusion
In the Fourth Industrial Revolution technological development and adoption is growing exponentially. The recent COVID-19 pandemic has accelerated the societal adoption and acceptance of digital technologies and has made one thing clear – the future of trade is digital and the 5 Gs of TradeTech are the engines.
Executive summary
The promise of TradeTech – the set of technologies that enables global trade to become more efficient inclusive and sustainable – is multifaceted from trade facilitation to efficiency gains and reduced costs to greater transparency and resilience of supply chains. Of particular interest for this publication is the potential of artificial intelligence (AI) blockchain and distributed ledger technology (DLT) and the internet of things (IoT) to shape the global trade ecosystem.
Global legal recognition of electronic transactions and documents
On average a cross-border transaction requires the exchange of 36 documents and 240 copies (Fletcher 2019). A shipment of roses from Kenya to Rotterdam can generate a pile of paper 25 cm high and the cost of handling it can be higher than the cost of moving the containers (Allison 2016).
Global digital identity
Identity and trust lie at the core of each trade interaction. As global value chains become increasingly digital organizations need to ensure that they can trust the digital identity of legal and physical persons1 or products they deal with and can efficiently link that digital identity with a real organization specific product or device (see Box 17).
Global trade rules access and computational law
Businesses operate in an environment of increasing legal complexity. At a global level trade compliance is particularly time consuming and costly as enterprises need to be aware of and comply with rules under different international agreements as well as meet their contractual obligations.
Avant-propos
La technologie a toujours été un moteur du commerce. De l’invention de la machine et du navire à vapeur dans les années 1700 à la popularisation du conteneur de transport normalisé dans les années 1950 et à l’essor d’Internet dans les années 1990 la technologie a profondément modifié les méthodes de commerce au fil des siècles. Aujourd’hui les nouvelles technologies et la transition numérique font évoluer le commerce beaucoup plus vite qu’auparavant ce qui crée à la fois des débouchés et des obstacles.