Regional Trade Agreements Information System (Rta-Is)

20.7.2022

Regional trade agreements (RTAs) are becoming increasingly popular in today`s global economy. These agreements are signed between two or more countries to facilitate trade by reducing tariffs, eliminating trade barriers and enhancing economic cooperation. To manage the complexities of RTAs, the World Trade Organization (WTO) has developed the Regional Trade Agreements Information System (RTA-IS). This… Zobrazit článek

Regional trade agreements (RTAs) are becoming increasingly popular in today`s global economy. These agreements are signed between two or more countries to facilitate trade by reducing tariffs, eliminating trade barriers and enhancing economic cooperation.

To manage the complexities of RTAs, the World Trade Organization (WTO) has developed the Regional Trade Agreements Information System (RTA-IS). This system is an online database that provides users with information on RTAs that have been notified to the WTO.

The RTA-IS is designed to provide information on the wide range of RTAs that are in effect, under negotiation or being considered by WTO members. The system contains comprehensive data on the content of RTAs, including provisions related to trade in goods, trade in services, investment, intellectual property rights, competition policy, government procurement, and dispute settlement procedures.

One key feature of the RTA-IS is its ability to help identify areas of overlap and potential conflict between different RTAs. This helps to ensure that RTAs are consistent with WTO rules and do not undermine global efforts to promote free trade.

In addition to providing information on RTAs, the RTA-IS also allows users to conduct searches based on various criteria, such as the country or region involved in an RTA, the sectors covered by an RTA, or the type of provisions included in an RTA. This search functionality makes it easier for users to find the information they need and to compare different RTAs.

The RTA-IS is a valuable tool for businesses, policymakers, academics, and other stakeholders who need to stay up-to-date with developments in the area of regional trade agreements. By providing comprehensive information and search functionality, the system helps users to make more informed decisions and to identify potential opportunities and challenges arising from RTAs.

In conclusion, as RTAs continue to proliferate around the world, the importance of the RTA-IS cannot be overstated. Its comprehensive and user-friendly design provides vital information to all stakeholders involved in regional trade agreements, helping to promote greater economic cooperation and growth.