A lot is happening on the trade negotiations front in almost every corner of the world. Countries have been active and prolific at the bilateral and regional levels for some time but the key ongoing negotiations are of a different dimension: they involve more partners, from different levels of development and different regions, covering larger volumes of trade and aiming at reaching agreements of a deeper nature on a wide scope of issues. These are the mega-regionals, of which the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership are in a category of their own by virtue of their scope and impact.
This has been excerpted from a 9 July 2014 article by Anabel Gonzalez of the World Economic Forum and is available in its entirety at:
http://forumblog.org/2014/07/trade-megaregionals-wto-growth/