Growing Importance of Trade and Regional Agreements

What is it about?

The Uruguay and Doha trade rounds of agreements, do not only accentuate the difficulties of multilateral trade agreements, but also highlight the growing importance of regional agreements. In a phase where new territory is being experienced – particularly with the need for the United States to address its current account deficit, will it be willing to compromise in any deals involving America’s interest – in favor of diplomatic relations or will it stick to the widely held principle in Washington that “no deal at all is better than a bad deal”? Or will the United Kingdom’s involvement in the present trade dispute involving Bombardier and Boeing bring about an unprecedented and unexpected turn in events?

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Why is it important?

This publication highlights why other actors, namely major trade partners, as well as the pace of growth in economies of leading global nations, are likely to generate more cause for concern than previous factors such as bank capital etc Even though bank capital, capital adequacy requirements, liquidity requirements and leverage ratios still constitute matters of utmost and paramount importance, certain vital relationships should also not be ignored.