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Bilateral Trade Agreements

19 Pages Posted: 1 Oct 2007  

Jayant Menon

Asian Development Bank; Asian Development Bank Institute

Abstract

Bilateral Trade Agreements (BTAs) have been proliferating. Why are they so popular? What are their impacts on multi-lateralism and the world trade system? The article identifies the general and specific factors driving the growth in BTAs, and examines how BTAs in general and different types of BTAs are affecting the world trade system. Although the sheer number of BTAs is fragmenting the world trade system, the impact of individual BTAs often depends on their underlying motivation. The article also portrays scenarios for the future landscape of world trade and possible responses. Is the consolidation of BTAs into region-wide agreements a solution or simply a new problem? How can we multi-lateralise bi-lateralism and repair the world trade system? The article attempts to answer these questions, with or without Doha.

Suggested Citation

Menon, Jayant, Bilateral Trade Agreements. Asian-Pacific Economic Literature, Vol. 21, Issue 2, pp. 29-47, November 2007. Available at SSRN: https://ssrn.com/abstract=1017941 or http://dx.doi.org/10.1111/j.1467-8411.2007.00201.x

Jayant Menon (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Asian Development Bank Institute ( email )

Kasumigaseki Building 8F 3-2-5
Kasumigaseki, Chiyoda-ku
Tokyo, 100-6008
Japan

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