Latin America and the risks to the international trading system: megaregional commercial agreements

Abstract

The article focuses on the peculiarities of the Latin American and Caribbean participation in the international trading system. The author analyzes bound and applied tariff levels in Latin America established when joining the World Trade Organization (WTO) and lists the reasons why the international trading system and the WTO in particular are crucial to Latin American countries. In this light the article investigates the phenomenon of megaregional agreements and reviews the risks they pose to Latin America and to the international trading system in general.

Keywords

• многосторонняя торговая система
• всемирная торговая организация
• регио-нализм
• трансатлантическое торговое и инвестиционное партнёрство
• транстихоокеанское пар-тнёрство
• el sistema mundial de comercio
• la organización mundial de comercio
• regionalismo
• la asociación transatlántica para el comercio y la inversión
• el acuerdo transpacífico de cooperación económica
• international trading system
• world trade organization
• regionalism
• transatlantic trade and investment partnership
• trans-pacific partnership