A significant and growing number of countries are participating in several preferential agreements (ASPT) that increasingly involve broad cooperation in policies that go far beyond trade barriers. I take into account the traditional and non-traditional motives of SAAs and their empirical determinants, as well as their impact on trade and multilateral liberalization. I argue that the great nature of modern ATPs, their considerable creation of bilateral trade, and their modest impact on members` tariffs require complementing the economic and political structure of traditional SAA models as a static reduction in tariffs. In doing so, I draw lessons from the existing literature and present many interesting avenues for future research to improve our understanding of the causes of modern ASAs and their impact on business outcomes and beyond. If you know that there are articles missing quoting this article, you can help us create these links by adding the relevant references in the same way as above for each referencing article. If you are a registered author of this article, you can also check the “Citations” tab in your RePEc Author service profile, as some citations may be waiting for confirmation. . Subscribe to this free journal for more articles on the subject. If you have written this article and are not yet registered with RePEc, we recommend that you do so here.
You can link your profile to this article. It also allows you to accept potential quotes on this article that we are not sure about. College Park, MD 20742United States301-405-7842 (Phone) 301-405-3542 (Fax) Please note that corrections may take a few weeks to browse the various RePEc services. If CitEc has detected a reference but no RePEc element has been linked to it, you can use this form to help you. I am very grateful for the comments of editors Kyle Bagwell and Robert Staiger as well as Stephanie Aaronson, Emily Blanchard, Chad Bown, Kyle Handley, Rob Johnson, Pravin Krishna, Michele Ruta, Emanuel Ornelas, Alan Winters and the participants in the Handbook of Commercial Policy Conference. Marisol Rodriguez-Chatruc and Edith Laget provided excellent research support….