Open AccessLatin America and the risks to the international trading system: megaregional commercial agreements
Author(s) -
Anastasia Zakhartsova
Publication year - 2016
Publication title -
iberoamerikanskie tetradi
Language(s) - English
Resource type - Journals
eISSN - 2658-5219
pISSN - 2409-3416
DOI - 10.46272/2409-3416-2016-4-88-93
Subject(s) - latin americans , international trade , phenomenon , political science , business , international economics , economics , law , physics , quantum mechanics
The article focuses on the peculiarities of the Latin American and Caribbean participation in the international trading system. The author analyzes bound and applied tari levels in Latin America established when joining the World Trade Organization (WTO) and lists the reasons why the international trading system and the WTO in particular are crucial to Latin American countries. In this light the article investigates the phenomenon of megaregional agreements and reviews the risks they pose to Latin America and to the international trading system in general.