The People`s Republic of China has concluded bilateral trade agreements with the following blocs, countries and their two special administrative regions:[13] In September 1986, the Uruguay Round began in Punta del Este, Uruguay Round, focusing on extending trade agreements to several new territories. These include services and intellectual property. It has also improved trade in agriculture and textiles. The Uruguay Round led to the creation of the World Trade Organization. On 15 April 1994, the 123 participating governments signed the WTO Agreement in Marrakesh, Morocco. The WTO has taken the lead in future global multilateral negotiations. The fifth advantage applies to emerging countries. Bilateral trade agreements tend to favour the country with the best economy. This penalizes the weakest nation. But strengthening emerging economies helps the developed economy over time. The fourth advantage is that countries can simultaneously negotiate trade agreements with more than one country. Trade agreements are subject to a detailed authorisation procedure. Most countries would prefer to ratify an agreement covering many countries at the same time.

EFTA[17] has concluded bilateral agreements with the following countries – including dependent territories – and blocs: for fully multilateral agreements (not listed below) see the list of multilateral free trade agreements. There is also the 1979 Trade and Economic Cooperation Agreement between the Government of Canada and the governments of the member states of the Caribbean Common Market. See the text on the link: (1973).pdf list of agreements between two states, two blocs or one bloc and one state. The WTO`s first draft was the Doha Round of Trade Agreements in 2001, a multilateral trade agreement among all WTO members. Developing countries would allow imports of financial services, including banking services. In doing so, they must modernize their markets. In return, developed countries would reduce agricultural subsidies. This would boost the growth of developing countries, which are good at food production. Switzerland (which has a customs union with Liechtenstein, sometimes contained in agreements) has concluded bilateral agreements with the following countries and blocs:[41] Agreements negotiated and signed by the respective heads of state of each country, but which have not yet been ratified by the country`s legislative body. They do not have as much influence on economic growth as a multilateral agreement.

The Trans-Pacific Partnership would have been bigger than NAFTA. Negotiations were concluded on 4 October 2015. After becoming president, Donald Trump withdrew from the deal. He promised to replace them with bilateral agreements. The TPP was located between the United States and 11 other countries bordering the Pacific Ocean. It would have abolished tariffs and standardised trade practices. Haiti signed the agreement in December 2009, but does not apply it until it is ratified. No country can offer better trade agreements to one country than to another.

This is similar to the conditions of competition. It is particularly important for emerging countries. Many of them are smaller, which makes them less competitive. Most-favoured-nation status provides the best trading conditions a nation can obtain from a trading partner. Developing countries benefit most from this trade status. All global trade agreements are multilateral. The most successful is the General Agreement on Trade and Customs. Twenty-three countries signed the GATT in 1947, the objective of which was to reduce tariffs and other barriers to trade.

The Eurasian Economic Union, consisting of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded the following free trade agreements, see below. . . .