International trade agreements analysis

Abstract

The purpose of this study is to address the topic of international trade and interaction between nations. The considerable attention given to free trade is based on its relation with an increased national welfare and economic growth. The paper also discusses the trends towards multilateralism analyzing and comparing two 21st century deep free trade agreements characterized by “made everywhere sold there” goods and internationalization of production or Global Value Chains. The FTAs will be analyzed regarding their impact assessment and the challenges that negotiations faced, mainly focusing on the important and changing automotive industry, in terms of trade creation and trade diversion