Building-block Approach

Building-block approach in Global Commerce Policy

In this regard, building-block approach is: first, building blocks may be the elements ultimately making up a free-trade agreement. Some easy elements, such as trade facilitation activities, might be tackled first as confidence-building measures. The more difficult economic provisions would come later. Second, free-trade areas are seen by some as the building blocks of the multilateral trading system. The entries on trade policy are here. Individual areas could ultimately be combined to bring down trade barriers between ever larger areas. See also stumbling blocks.[1]

Building-block approachin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Building-block approach” entry (OAS)

See Also