Many observers believe that regional trade arrangements (RTAs)pose the single greatest challenge to the multilateral trade system.

Question

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Many experts and scholars have expressed concerns about RTAs undermining the principles and goals of the World Trade Organization (WTO) and creating a complex web of conflicting and overlapping trade rules. Some argue that RTAs can lead to trade diversion, discrimination, and fragmentation of the global trading system. While RTAs can stimulate regional economic integration and provide benefits to participating countries, they can also create trade barriers and distortions that harm non-member countries and undermine the global trading system's coherence and effectiveness. Therefore, many consider RTAs a significant challenge to the multilateral trade system's coherence and effectiveness.

Many Observers Believe That Regional Trade Arrangements (RTAs)pose the Single