Posts Tagged PTAs
The WTO launched on March 14th a new publically available database on non-reciprocal preferential schemes. The Transparency Mechanism for Preferential Trade Arrangements (PTAs) is a WTO agreement which aims to increase members’ and the public’s understanding about the legal nature, history and background of each preferential trade arrangement, the range of products covered and the types of preferential treatment offered. The Preferential Trade Arrangements (PTAs) are understood to mean non-reciprocal preferential schemes and they are distinct from Regional Trade Agreements (RTAs), which are covered by the Transparency Mechanism for RTAs. The information on RTAs notified to the WTO is available in the RTA Database and the information on PTAs notified to the WTO is available in the PTA Database. For further details please consult the user guide and/or check the WTO’s webpage.