One of the more traditional arguments in favour of regional trade agreements can be summarized in the following sentences."If WTO agreements extend more widely, regional trade agreements go deeper, their proponents argue.As well as cutting border tariffs, countries can agree reforms among themselves, such as harmonizing product standards, streamlining customs procedures and cross-border investment, that go further than anything the family of nations as a whole is ready to handle." Comment on this statement and give some examples.

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The Answer of One of the more traditional arguments in favour of regional trade agreements can be summarized in the following sentences."If WTO agreements extend more widely, regional trade agreements go deeper, their proponents argue.As well as cutting border tariffs, countries can agree reforms among themselves, such as harmonizing product standards, streamlining customs procedures and cross-border investment, that go further than anything the family of nations as a whole is ready to handle." Comment on this statement and give some examples.

One of the More Traditional Arguments in Favour of Regional