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Sweeping Megaregional Trade Deals Leaving Developing World Behind

Posted February 09, 2015

Under Economic Issues, International Trade Issues

(Barrie McKenna – Globe & Mail)

Megaregional deals are the latest and greatest thing in the world of trade.

These sweeping agreements will eventually tie much of the planet into vast new free-trade zones, with advanced, and often overlapping, rules covering everything from investments and services to labour and environmental standards.

Canada has completed one such deal with the 28-member European Union and it’s negotiating another with the 11 other members of the Trans-Pacific Partnership. Also in the works are the U.S.-EU Transatlantic Trade and Investment Partnership and the Regional Comprehensive Economic Partnership, binding China and 15 other major Asian economies.

If they all get done, these agreements would span 49 countries and a huge share of global economic output. Click here to read more.