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Preferential trade agreements are not a new item in the history of global trade policy, but there has been a marked proliferation of them since the beginning of the 21st century. It is believed that they became a way to overcome the lack of progress in multilateral trade negotiations carried out within the World Trade Organization. However, among various global powers, the European Union was a latecomer to the so called "new wave" of regionalization. The goal of the paper is to point out main reasons and factors a...

Global trade flows have been strongly affected by the worldwide economic crisis that broke out in 2008. Trade collapse in 2009 was deep but followed by a swift recovery in 2010-2011. However, later on the situation got complicated - growth rates have been much lower than expected and in 2015-2016 trade flows declined once again. The goal of the paper is to analyze the main trends in global trade flows - in terms of growth, changes in geographical structure etc. and point out main factors affecting trade in a posit...