How many regional trade agreements are there?

As per information given by the World Trade Organisation (WTO) there are 420 regional trade agreements in force across the globe. Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) are the sort of mega regional trade deals. You can read about the WTO – World Trade Organization – History, Functions, Conferences, Dispute Settlement in the given link.

The TPP already covers 40% of global GDP, and trade between member nations. Once fully ratified, the Trans-Pacific Partnership is set to become the world’s largest trade agreement.

Further readings:

  1. India and the WTO – An Overview of Latest Developments
  2. India – US Trade Relations: RSTV – Big Picture Analysis for UPSC IAS exam

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