After reading this chapter you should be able to:

Know the history of GATT and the WTO.

Understand how WTO agreements can influence your company and its multinational strategies.

Understand the possible trade implications of regional trade agreements.

Know the types of regional trade agreements.

Be familiar with the nature and structure of the major regional trade agreements in the world.

Be aware of how the WTO and regional trade agreements affect emerging economies in positive and negative ways.