Abstract
This article will first look at the history of the post-World War II GATT system. Next, the article will focus on some specific weaknesses in the GATT and look at how one particular regional trade bloc arrangement, the Canada-United States Free Trade Agreement, provides its parties with greater economic efficiency. Finally, the article will examine the value and potential role of regional trade blocs in the GATT system. Two issues will be considered: 1) whether regional trade blocs are trade creating or trade distorting; and 2) whether the presence of regional trade blocs will hinder or facilitate global trade liberalization.
Recommended Citation
Byrley, John P.
(1991)
"Regional Arrangements, the GATT, and the Quest for Free Trade,"
Florida Journal of International Law: Vol. 6:
Iss.
2, Article 6.
Available at:
https://scholarship.law.ufl.edu/fjil/vol6/iss2/6