The key challenge for policymakers in international trade over the coming years will be to ensure that mega-regional and plurilateral agreements complement rather than undermine the multilateral trading system. The rise in selective associations between WTO members, aimed at a deeper integration of their economies, has fundamentally changed the dynamics of trade negotiations at the global level. The 10th WTO Ministerial Conference, held in Nairobi in December 2015, yielded only limited results.
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Authors: FABIAN BOHNENBERGER