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Market Access Agreements

The creation of free trade zones is seen as an exception to the nation`s most privileged principle (MFN) in the WTO, since the preferences that parties to a free trade agreement agree to each other go exclusively beyond their membership obligations. [11] Although GATT Article XXIV authorizes WTO members to establish free trade agreements or enter into interim agreements necessary for their establishment, there are several conditions relating to free trade zones or interim agreements that lead to the formation of free trade agreements. In accordance with Article XXIV, paragraph 8, paragraph b), of the GATT, “a free trade area is a group of two or more customs territories in which customs duties and other restrictive rules applicable to trade (with the exception of tariffs authorized by Articles XI, XII, XIII, XIV, XV and XX) and other restrictive trade rules are removed, for the most part , for all exchanges between the territories concerned located in the regions of origin of the products originating in these territories.” Despite negative public sentiment towards international trade, it has always been the main driver of global wealth, although wealth is not evenly distributed. In order to avoid negative connotations, trade agreements are being discussed with regard to market access, not free trade. This is to some extent because many of the same objectives are being achieved and trade relations generally deepen over time because of the net benefit to the economies involved. It is interesting to note that the concept of international trade is often favoured by the notion of international trade. Giving and receiving in the market access negotiations now characterizes international trade and explains why most negotiations aim at wider market access rather than freer trade. After decades of increased world trade, there are signs that a large part of the population no longer supports universal free trade because they will take into account the existence of job security in the country. The United States, which has long supported freer world trade, has experienced growing public distrust of free trade, combined with the rapid growth of the economies of its trading partners, particularly Mexico and China. However, a majority still wants the benefits of international trade, such as a large number of competitive products and a strong export market for domestically manufactured products.