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World Trade Review
AbstractThe disciplining of Preferential Trade Agreements (PTAs) by the WTO has been 'relaxed' recently as a result of the new context (theTransparency Mechanism) within which notified PTAs are being multilaterally reviewed. This is probably a blessing for a number of reasons, including the success of the multilateral trading system in bringing tariffs down over the years (and the ensuing reduced trade diversion), the fact that modern PTAs deal with many non-trade issues as well (for which nodoi:10.1017/s147474561100022x fatcat:uyq4nxtmhjfv7p5auxrfobgkhu