NMFTAs
NMFTAs, or **Non-Member Foreign Trade Agreements**, refer to trade agreements negotiated and implemented by individual World Trade Organization (WTO) member countries with non-member states or economies. These agreements allow WTO members to establish preferential trade terms with trading partners outside the WTO framework, bypassing the multilateral negotiation process required for broader WTO-wide agreements.
NMFTAs are distinct from regional trade agreements (RTAs) because they involve at least one non-WTO member,
Critics argue that NMFTAs can create trade imbalances, as they may favor certain non-member economies over
The WTO monitors NMFTAs under its notification and transparency rules, requiring members to inform the organization