In fact, the world now has more regional trade schemes than countries.
From Collier’s The Bottom Billion.
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That’s combinatorics for ya.
Hardly surprising, given that looking only at the countries covered by an agreement, increases exponentially with the number of countries. Mathematics aside, the drive by politicians to be seen as “doing something” would probably result in almost as many such schemes even if there were only two countries.
“In the period 1948-1994, the GATT received 124 notifications of RTAs … and since the creation of the WTO in 1995, over 240 additional arrangements covering trade in goods or services have been notified.”
http://www.wto.org/english/
tratop_e/region_e/regfac_e.htm
(sorry, had to break the link in two.
Elsewhere, the WTO estimates that there are 214 RTAs in force
http://www.wto.org/english/res_e/
booksp_e/discussion_papers12a_e.pdf
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