Within the framework of the World Trade Organization, different types of agreements are concluded (most often in the case of new accessions), the terms of which apply to all WTO members on the most favoured basis (MFN), meaning that the advantageous conditions agreed bilaterally with a trading partner also apply to other WTO members. There are a large number of trade agreements; some are quite complex (the European Union), while others are less intense (North American free trade agreement). [8] The resulting level of economic integration depends on the specific type of trade pacts and policies adopted by the trade bloc: trade agreements, which are considered preferential agreements by the WTO, are also called regional (RTA), although they are not necessarily concluded by countries within a given region. Currently, 205 agreements are in effect as of July 2007. More than 300 people have been notified to the WTO. [10] The number of free trade agreements has increased significantly over the past decade. Between 1948 and 1994, the General Agreement on Tariffs and Trade (GATT), predecessor to the WTO, received 124 notifications. Since 1995, more than 300 trade agreements have been concluded. [11] A trade agreement signed between more than two parties (usually neighbouring or in the same region) is considered multilateral. They face the main obstacles – to content negotiation and implementation. The more countries involved, the more difficult it is to achieve mutual satisfaction.

Once this type of trade agreement is governed, it will become a very powerful agreement. The larger the GDP of the signatories, the greater the impact on other global trade relations. The largest multilateral trade agreement is the North American Free Trade Agreement[5] between the United States, Canada and Mexico. [6] The anti-globalization movement is almost by definition opposed to such agreements, but some groups usually allied within this movement, such as the Green parties. B, aspire to fair trade or secure trade rules that moderate the real and perceived negative effects of globalization. “Trade agreements.” Merriam-Webster.com Dictionary, Merriam-Webster, www.merriam-webster.com/dictionary/trade%20agreement. Access 30 Nov 2020. Even in the absence of the constraints imposed by the most favoured nation and national treatment clauses, it is sometimes easier to obtain general multilateral agreements than separate bilateral agreements.