There are a large number of trade agreements; some are quite complex (European Union), while others are less intense (North American Free Trade Agreement). [8] The degree of economic integration that results depends on the specific nature of the trade pacts and policies of the trading bloc: the factual abstrac is a brief summary of the main features of the agreement established by the WTO Secretariat in accordance with Article 22(b) of the Transparency Mechanism. It is being prepared for previous agreements that have already been reviewed by the CRTA. The factual abstract must not be “disseminated” or already “distributed”. goods or services, or both, as communicated by the signatories to the agreement. The status of the factual presentation may already be “distributed” (i.e.: as an official WTO document); “not distributed”; or “pending”, for example where concrete commitments on services have not yet been agreed. Customs and trade data in Excel files are statistics obtained by the parties to an ATR for fact-finding. Therefore, these files are only available for RTAs that have been physically presented. A common market is a kind of trade agreement in which members remove internal barriers to trade, adopt common strategies for dealing with non-members, and allow members to move freely among themselves.
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