Preferential trade agreements conflict has become a hot topic in international trade in recent years. The world is on the brink of a trade war, as regional trade agreements are causing disputes among countries. While preferential trade agreements are created with the intent to boost trade and economic growth among member countries, conflicts arise due to the preferences granted to certain member countries over others.

Preferential trade agreements (PTAs) allow member countries to trade with each other under reduced or eliminated tariffs, quotas, and other trade barriers. These agreements are designed to promote economic cooperation and integration among member countries. However, member countries often have varying levels of development and economic power, leading to inequitable distribution of benefits. This imbalance leads to conflicts among member countries.

The most significant conflict that arises from preferential trade agreements is the unfair advantages given to certain member countries. A prime example of this is the North American Free Trade Agreement (NAFTA) between the United States, Canada, and Mexico. The agreement has been criticized for the unequal benefits it provides to member countries. The US has a robust manufacturing sector and is the most significant economy in the agreement. It has been accused of taking advantage of Mexico`s low labor costs, while Canada is left relatively unscathed.

Another example is the conflict between China and its neighboring countries in Southeast Asia. China`s economic growth has allowed it to gain a competitive advantage over smaller countries in the region. It has been accused of using its economic power to pressure countries into unfavorable trade agreements.

The World Trade Organization (WTO) has attempted to regulate preferential trade agreements and prevent conflicts by creating rules governing their creation and operation. However, these rules are often ignored or skirted by member countries. The WTO has also attempted to create a level playing field for all member countries by creating rules governing trade among all countries, not just between preferential trade agreement members. These rules aim to prevent member countries from using their preferential trade agreements` benefits to gain an unfair advantage over non-member countries.

In conclusion, preferential trade agreements conflict has become a significant issue in international trade. While these agreements are designed to promote economic growth and cooperation among member countries, conflicts arise due to the unfair advantages given to certain member countries and the inequitable distribution of benefits. The World Trade Organization has attempted to regulate these agreements, but the rules created are often ignored or circumvented. As global trade becomes more interconnected, preferential trade agreements` regulation will become increasingly crucial to prevent further conflicts among member countries.