This chapter discusses the recent literature on regional trade cooperation worldwide and contributes to the debate on RTAs by providing arguments for and against them. After examining the ‘natural trading partner’ hypothesis as a criterion for the success of RTAs, the chapter highlights some earlier and recent studies on regional trade cooperation in South Asia. Lastly, the chapter evaluates the desirability of SAFTA by analyzing various studies, and develops the agenda for later chapters.
regional trade agreement
This section reviews significant/recent studies on ...