The regional Value Content (RVC) rules require a good one to contain a certain percentage of the FREI trade agreement. To benefit from a free trade agreement, your product must have added value from the partner country or the neighbouring countries of the United States or the free trade agreement. This value could be derived from the cost of traffic jams or skilled labour. Each FTA text has its own product-specific rules of origin, which prohibit the RVC method or formula that you can use to qualify your product for a preferential rate. Keep in mind that not all products are subject to the rules of the RVC: the second way of treating free trade agreements as public goods is linked to the evolving trend of making them “deeper”. The depth of a free trade agreement relates to the additional types of structural policies it covers. While older trade agreements are considered more “flat” because they cover fewer areas (for example. B tariffs and quotas), recent agreements cover a number of other areas, ranging from e-commerce services and data relocation. Since transactions between parties to a free trade agreement are relatively cheaper than those with non-parties, free trade agreements are considered excluded. Now that deep trade agreements will improve the harmonization of legislation and increase trade flows with non-parties, thereby reducing the exclusivity of free trade agreements, next-generation free trade agreements will take on essential characteristics for public goods.  The trade agreement database provided by the ITC market access map.
Given that hundreds of free trade agreements are currently in force and are being negotiated (approximately 800 according to the rules of the intermediary of origin, including non-reciprocal trade agreements), it is important for businesses and policy makers to keep their status in mind. There are a number of free trade agreement custodians available at national, regional or international level. Among the most important are the database on Latin American free trade agreements, established by the Latin American Integration Association (ALADI) , the database managed by the Asian Regional Integration Center (ARIC) with information agreements concluded by Asian countries and the portal on free trade negotiations and agreements of the European Union.  The World Trade Organization unilaterally designates preferential trade agreements and reciprocal trade agreements as regional trade agreements. However, the WTO has expressed some concerns. According to Pascal Lamy, Director-General of the WTO, the dissemination of regional trade agreements (RTA) is “… is the concern of inconsistency, confusion, exponentially increasing costs for businesses, unpredictability and even injustice in trade relations.  The WTO is how typical trade agreements (called preferential or regional agreements by the WTO) are to some extent useful, but it is much more advantageous to focus on global agreements under the WTO, such as the ongoing Doha Round negotiations.