Free Trade Agreements (political aspects)

Abstract

Free Trade Agreements (FTAs) constitute a remarkable sign of world trade in the current century and its proliferation has been a noticeable phenomenon in the past years. Its propagation might be read as a consequence of a flawed, lacking-in-concreteness juridical system; as well as a sign of the change in trade relations, which have moved from multilateralism to bilateralism. The features of modern FTAs as well as the changes in USA and EU policies are some other signals of the changes to come, which might allow us to evaluate and predict future developments.