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Regional/Bilateral Agreements

What's New in Trade Law and SD?

There are unmistakable signs of a rush to regionalism in agreements on international trade and investment. The number of agreements under negotiation or under consideration is for all intents and purposes, incalculable, changing on a weekly basis. Of the 273 regional trade agreements that had been notified to the WTO as of December 2003, only 120 pre-date 1995. If planned agreements conclude as planned under WTO notification, the end of 2005 will see almost 300 regional trade agreements in force.

What do these developments mean for sustainable development? Specifically, does the rush to regionalism make it easier or harder to achieve sustainable development through international trade? Is there a difference between North-South, North-North and South-South agreements in this regard? IISD has begun working on these questions, and expects this work to accelerate as the rush to regionalism deepens the complexity of the regional-multilateral relationship.

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