Trade Policy in the Mega-FTA Age

In the globalisation era, major countries in the world have deepened economic interdependence and international trade has functioned as a key driver of economic interdependence. The formation of free trade agreement (FTA) networks has made great contributions to expand international trade and cross-border business operations. The FTAs serve to integrate the national economies into external markets by eliminating tariff and non-tariff barriers and promoting the harmonisation of various trade-related rules. In particular, the formation of the so-called mega-FTAs, which include a large number of counties in different regions, becomes a driving force for creating more connected and freer markets in the world.