Abstract

The article focuses on the peculiarities of the Latin American and Caribbean participation in the international trading system. The author analyzes bound and applied tariff levels in Latin America established when joining the World Trade Organization (WTO) and lists the reasons why the international trading system and the WTO in particular are crucial to Latin American countries. In this light the article investigates the phenomenon of megaregional agreements and reviews the risks they pose to Latin America and to the international trading system in general.

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