When the Immovable Object Meets the Unstoppable Force: Multilateralism, Regionalism and Deeper Integration

December 1, 2013

The experience of trade negotiations of the past decade shows that the multilateral system is at an impasse. Not only has it been difficult to get agreement on traditional issues such as meaningful reductions in tariffs and subsidies, but it also has been impossible to obtain agreements that require developing countries as a group to implement rules that constrain their domestic economic and social policies in new areas. Many developed and developing countries are seeking to pursue zero for zero tariff reductions together with deeper integration through regional and mega-regional agreements in precisely the areas that have been roundly rejected by the WTO as a whole.

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Topics: REGIONALISM MULTILATERALISM REGIONAL INTEGRATION

Authors: ROBERT Z. LAWRENCE

Publishing Institution: THE E15 INITIATIVE

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