Countries can reduce trade barriers more rapidly by entering into regional agreements than they could by going through the WTO.

Question

Quizplus · Accepted Answer

Regional agreements allow countries to negotiate and customize trade terms with a smaller group of countries, which can be faster and more efficient than trying to negotiate with all members of the WTO. Additionally, countries may be more willing to make concessions in a regional agreement as they may have stronger political or economic ties with the other members.

Countries Can Reduce Trade Barriers More Rapidly by Entering into Regional