II. World Trade Organization (WTO) [5-6] a. Introduction…………………………………………………………………………..5 b. Functions……………………………………………………………………………….5 c. Members……………………………………………………………………………….6
III. Regional Economic Integration (REI) [7-14] a. Introduction…………………………………………………………………………… 7 b. Different Levels of REI……………………………………………………………. 8 c. Why REI…………………………………………………………………………………. 10 d. Advantages of REI………………………………………………………………….. 11 e. Disadvantages of REI……………………………………………………………… 11 f. Examples of REI……………………………………………………………………… 12 i. NAFTA ii. SAFTA iii. EU iv. BIMSTEC
IV. WTO vs. European Union (EU) [15-20] V. WTO vs. SAFTA [21-23] VI. Conclusions [24] VII. Bibliography [25]
I. Introduction
Background
This study deals with the complexities of global and regional trade. We primarily deal with two groups of organizations- The World Trade Organization (WTO) and Regional Economic Integrations (REIs)- evaluating their strengths and weaknesses in terms of trade tariff, quotas, trade dispute
Bibliography: 1. SAFTA, it’s need and challenges, WTO http://www.scribd.com/doc/21544027/South-Asian-Free-Trade-Agreement 2. Why do we need the WTO?, Samuelson Sez, http://www.agbizweek.com/n-html/samuelson_sez/20090714.htm 3. Regional Integration and REIs, http://en.wikipedia.org/wiki/Regional_integration 4. Why SAFTA?, AparnaSawhney and Rajiv Kumar, 2008 5. WTO, Wikipedia.com, http://en.wikipedia.org/wiki/WTO 6. WTO, www.wto.org 7. European Union, www.europa.eu 8. NAFTA, en.wikipedia.org/wiki/North_American_Free_Trade_Agreement 9. SAFTA, http://en.wikipedia.org/wiki/South_Asian_Free_Trade_Area 10. BIMSTEC, www.bimstec.org