Trade agreements or trade treaties are binding agreements entered into by countries or international organisations. The aim of these agreements is to promote trade between the participating countries. The increasing globalisation makes such agreements increasingly necessary or desirable.
At the moment, for example, agreements with the United Kingdom as a result of the upcoming Brexit are high on the agenda.
Examples of agreements
An important example of trade agreements are the European agreements that are made as a result of Brexit. Other examples are TTIP, the EU-Morocco Association Agreement, the EU-Mercosur trade agreement and the treaty between the EU and Japan.
The EU and the UK are heading towards a no-deal, hard Brexit. There still is no agreement about future trade relations and conditions. Even though 29 March 2019, the date of the withdrawal, is rapidly approaching. That could have repercussions for the Dutch agricultural and horticultural sectors, which export 10% of their products to the UK. Wageningen University & Research (WUR) is conducting research into the consequences. (see right for an up-to-date overview)
Reseach on trade agreements
WUR can help to gain insight into the effects of trade agreements and calculate scenarios.