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    Trade Agreements: de Guia Diosana Navarro Rafanan Ramos Torio

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    Janela Lana
    The document discusses the history and outcomes of various trade agreements: 1. The Uruguay Round Agreement started in 1982 under GATT and led to the establishment of the World Trade Organization in 1995 to replace GATT as the international body governing global trade rules. 2. Several multilateral agreements are mentioned, including ASEAN agreements and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, aimed at reducing tariffs between member countries. 3. Important bilateral agreements discussed include the US-EU agreement linking two of the world's largest economies, as well as agreements between the US and countries like Bahrain, South Korea, and the Philippines and Japan.

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    Trade Agreements: de Guia Diosana Navarro Rafanan Ramos Torio

    Uploaded by

    Janela Lana
    24 views19 pages
    The document discusses the history and outcomes of various trade agreements: 1. The Uruguay Round Agreement started in 1982 under GATT and led to the establishment of the World Trade Organization in 1995 to replace GATT as the international body governing global trade rules. 2. Several multilateral agreements are mentioned, including ASEAN agreements and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, aimed at reducing tariffs between member countries. 3. Important bilateral agreements discussed include the US-EU agreement linking two of the world's largest economies, as well as agreements between the US and countries like Bahrain, South Korea, and the Philippines and Japan.

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    The document discusses the history and outcomes of various trade agreements: 1. The Uruguay Round Agreement started in 1982 under GATT and led to the establishment of the World Trade Organization in 1995 to replace GATT as the international body governing global trade rules. 2. Several multilateral agreements are mentioned, including ASEAN agreements and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, aimed at reducing tariffs between member countries. 3. Important bilateral agreements discussed include the US-EU agreement linking two of the world's largest economies, as well as agreements between the US and countries like Bahrain, South Korea, and the Philippines and Japan.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    24 views19 pages

    Trade Agreements: de Guia Diosana Navarro Rafanan Ramos Torio

    Uploaded by

    Janela Lana
    The document discusses the history and outcomes of various trade agreements: 1. The Uruguay Round Agreement started in 1982 under GATT and led to the establishment of the World Trade Organization in 1995 to replace GATT as the international body governing global trade rules. 2. Several multilateral agreements are mentioned, including ASEAN agreements and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, aimed at reducing tariffs between member countries. 3. Important bilateral agreements discussed include the US-EU agreement linking two of the world's largest economies, as well as agreements between the US and countries like Bahrain, South Korea, and the Philippines and Japan.

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    TRADE

    AGREEMENTS
    De Guia │ Diosana │ Navarro
    │ Rafanan │ Ramos │ Torio
    URUGUAY
    ROUND
    AGREEMENT
    HISTORY
    • started in November 1982 at a
    Ministerial Meeting of General
    Agreement in Tariffs and Trade
    (GATT) for a negotiation covering
    trade policy issues which includes
    trading system, trade in services,
    intellectual property and
    reformation of trade in the
    sensitive sectors of agriculture
    and textileS
    • The Uruguay round caused the
    birth of World Trade Organization
    (WTO) as an international
    organization
    • replaced GATT is now the international
    organization dealing with the rules of trade
    between nations.

    • It operates a global system of trade rules, it


    acts as a forum for negotiating trade
    agreements, it settles trade disputes between
    its members and it supports the needs of
    developing countries.
    TRADE
    AGREEMENT
    MULTILATERAL TREATIES

    I. ASEAN Free Trade Area (AFTA)

    Trade Parties: Brunei, Indonesia, Malaysia,


    Philippines, Singapore and Thailand; Cambodia,
    Laos, Myanmar and Vietnam

    Effectivity: January 28, 1992


    II. ASEAN TRADE IN GOODS
    AGREEMENT (ATIGA)
    • Trade Parties: Brunei, Cambodia, Indonesia,
    Lao PDR, Malaysia, Myanmar, Philippines,
    Singapore, Thailand and the Vietnam

    • Effectivity: May 17, 2010


    III. ASEAN-Australia-
    New Zealand Free
    Trade Area
    (AANZFTA)

    Trade Parties: Brunei,


    Cambodia, Indonesia, Lao,
    Malaysia, Myanmar,
    Philippines, Singapore,
    Thailand and Vietnam,
    Australia, New Zealand

    Effectivity: February 27, 2009


    IV. ASIA-PACIFIC
    TRADE AGREEMENT
    (APTA)
    • Trade Parties:
    Bangladesh, China,
    Lao, South Korea, Sri
    Lanka, India,
    Philippines, Cambodia

    • Effectivity: July 31, 1975


    V. COMPREHENSIVE AND
    PROGRESSIVE AGREEMENT
    FOR TRANS-PACIFIC
    PARTNERSHIP (CPTPP)

    • Trade Parties: Canada,


    Australia, Brunei, Chile,
    Japan, Malaysia,
    Mexico, New Zealand,
    Peru, Singapore and
    Vietnam

    • Effectivity: December
    30, 2018
    UNILATERAL
    TRADE
    AGREEMENT
    GENERALIZED
    SYSTEM OF
    PREFERENCES (GSP)

    • Effectivity:
    January 1, 1976, by
    the Trade Act of 1974.
    BILATERAL
    AGREEMENT
    • A free trade agreement between two of the
    world's largest economies.
    • They are the United States, which produced
    $19.4 trillion in 2017, and the European Union,
    which produced $19.9 trillion.
    • The two economies generate almost a third of
    the world's gross domestic product of $127
    trillion.
    2. US-BAHRAIN FREE TRADE
    AGREEMENT
    • Entered into force on January 11, 2006,
    generates export opportunities for the
    United States, creating jobs for U.S.
    farmers and workers.
    • The agreement also supports Bahrain’s
    economic and political reforms and
    enhances commercial relations with an
    economic leader in the Arabian Gulf.
    US-KOREA (KORUS) FTA
    • Entered into force in March 2012.

    • The trade agreement involves an


    estimated 362 million consumers in the
    United States and the Republic of
    Korea. The treaty's provisions eliminate
    95% of each nation's tariffs on goods
    within five years, and create new
    protections for multinational financial
    services and other firms
    PHILIPPINE-JAPAN ECONOMIC
    PARTNERSHIP AGREEMENT (PJEPA)
    • It was ratified by the Philippine senate
    and was implemented starting
    December 11, 2008.
    • The agreement has chapters on,
    among others, Trade in Goods, Trade In
    Services, Investments, Movement of
    Natural Persons, Intellectual Property,
    Customs Procedures, Government
    Procurement and Improvement of the
    Business Environment.
    PHILIPPINES-EUROPEAN FREE TRADE ASSOCIATION FREE
    TRADE AGREEMENT (PH-EFTA-FTA)
    • The Philippines-European
    Free Trade Association Free
    Trade Agreement (PH-EFTA
    FTA) is the second bilateral
    agreement the Philippines
    has entered into (after the
    PJEPA).
    • The Agreement with the
    EFTA States (Iceland,
    Liechtenstein, Norway and
    Switzerland) was signed in
    Bern, Switzerland on April 28,
    2016.
    • Date of Full Implementation:
    2027

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