Prelude to the World Trade Agreements
by Andrew Sia

Trade is a commercial behavior that began with the dawn of civilization and, given human nature, trade and war seem to go hand in hand. It starts with one group wanting what another group has, and is unwilling to share. Best case scenario, it ends with both sides sitting down to work out an agreement that often includes the opening up of trade, compensation and/or reparations, with reallocation of land and resources. This is a cycle that is as true today as generations past.

It has been the interest of our publication to feature reports on the latest trade topics, especially when the Trans-Pacific Agreement (on a scale we have never seen before,) was discussed among the 12 nations.

Starting with the January 2016 issue, we have featured reports on a number of global trade agreements, as follows:

January 2016

• Insight into the Trans-Pacific Partnership (TPP)

April 2016

• Trade Pact: Everything you need to know about the WTO
o Brought out China’s market economy status (MES,) which has still not been resolved

July 2016

• Narratives of the World Trade Agreement (WTO)
o WTO came from General Agreement on Tariffs & Trade (GATT) o Bretton Wood Institute
o International Trade Organization (ITO)
o Doha Development Round launched in November 2001

October 2016

• Trade Pact: Aspects of the Different Free Trade Agreements (Part 1)
o North American Free Trade Agreement (NAFTA)
o Dominican Republic Central America Free Trade Agreement (DR-CAFTA) o Free Trade Area of the Americas (FTAA)

January 2017

• Trade Pact: Aspects of the Different Free Trade Agreements (Part 2)
o Association of South East Asian Nations (ASEAN)
o Transatlantic Trade and Investment Partnership (TIPP)
o Comprehensive Economic and Trade Agreement (CETA) between Canada and EU
o Region Comprehensive Economic Partnership (RCEP)

April 2017

• Trade Pacts: New Developments and New Challenges
o Trans-Pacific Partnership (TPP)
o Regional Comprehensive Economic Partnership (RCEP) o North American Free Trade Agreement (NAFTA)
o World Economic Forum at Davos

July 2017

• World Trade in Turmoil
o Union of South American Nations (USAN) o Mercosur – Southern Common Market
o Andean Community
o Latest Developments of TPP

In this issue, we are featuring agreements that were introduced prior to the major trade agreements of today, and we’re going to start over 70 years ago, at the end of WWII, when Europe was almost destroyed. What followed in 1948 was the Marshall Plan.

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