Under the GED project, we believe that regional trade agreements may have a positive impact on countries outside the agreement`s jurisdiction. Based on the Transatlantic Trade and Investment Partnership (TTIP) as a case study, we have developed „5 Steps to Inclusive TTIP for All!“, in which we explain how to use TTIP as a model for spreading the benefits beyond the borders of the signatories to an agreement. Regional trade agreements are multiplying and changing their nature. In 1990, 50 trade agreements were in force. In 2017, there were more than 280. In many trade agreements, negotiations today go beyond tariffs and cover several policy areas relating to trade and investment in goods and services, including rules that go beyond borders, such as competition policy, public procurement rules and intellectual property rights. ATRs, which cover tariffs and other border measures, are „flat“ agreements; THE RTAs, which cover more policy areas at the border and at the back of the border, are „deep“ agreements. Businesses in Member States benefit from increased incentives to trade in new markets as a result of the measures contained in the agreements. Member States of a Customs UnionA customs union is an agreement between two or more neighbouring countries for the removal of trade barriers, the abolition or abolition of tariffs and the abolition of quotas. These unions have been defined in the General Agreement on Tariffs and Trade (GATT) and are the third stage of economic integration. The Committee on Economic Relations and Policy of Economic Union and The Policy of Economic Union and Eastern Europe One of the main advantages of regional trade agreements is the removal of trade barriers. This is an advantage because it acts as a catalyst for more trade and growth, as states have easier access to foreign markets. RTAs are, by their nature, much smaller than mega-regional trade agreements and extremely extensive global trade agreements.
This makes it much easier and quicker to successfully conclude a regional trade agreement because there are fewer parties involved. International relations and peacekeeping are another advantage of regional trade agreements. If the common interests of countries are protected by a mutually beneficial pact, they are less likely to break the pact and come into conflict, at the risk of harming their respective economies. The EU – a regional trade agreement in the broadest sense – is a perfect example of how RTAs reduce the likelihood of war.