The article's main goal is to demonstrate the growing
significance of bilateral trade agreements in foreign trade policy and the
development of global supply chains in contemporary global commerce. The topic
of discussion and theoretical contribution in the study program being conducted
is new trends in global business, namely the growing significance of bilateral
agreements in foreign trade policy. It is critical to emphasize that a small
number of multinational corporations control a sizable portion of global trade
and the development of global supply chains. On the one hand, in order to
reduce trade costs, these companies should encourage regulatory harmonization
among various Preferential Trade Agreements (PTAs). However, they may also
oppose harmonization and support certain non-tariff measures in an effort to
keep new competitors out of certain areas. This may help to partially explain
why regulatory divergence persists and indicates that the political economy of
regulatory convergence, particularly in light of the expanding global supply
chains, may be more nuanced than is frequently assumed.
Author(s) Details:
Zdzisław W. Puślecki,
Adam Mickiewicz University, Poznań ul. Uniwersytetu Poznanskiego,
561-614, Poznań, Poland.
Please see the link here: https://stm.bookpi.org/CABEF-V2/article/view/7641
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