To identify and encourage the discussion of some of the current issues which are affecting businesses, especially those operating in an international business environment.
To critically determine one of these issues in detail within the context of a specific business organisation.
Question
Since the 1990s there has been an increasing number of Regional Trade Arrangements (RTA). According to WTO in 2012 the number of RTA increase 2 fold compared to the 90s to 497. Is regional trade liberalisation a supplement or substitute to WTO? How would this trend affect global business environment? Use sufficient evidence to support your discussion.