The Future of the WTO

The WTO's future may lie in plurilateral agreements, which could revitalize its role in global trade.

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Quick Facts
Report location: source
Language: English
Publisher: CATO Institute
Authors: James Bacchus
Geographic focus: Global

Methods

The research method used in the report is an analysis of the WTO's historical approaches to trade agreements, current challenges, and potential solutions through plurilateral agreements.

(Generated with the help of GPT-4)

Key Insights

The report discusses the World Trade Organization's (WTO) shift from multilateral to plurilateral agreements due to the inefficacy of consensus-based trade liberalization. It suggests plurilateralism as a pragmatic alternative for addressing pressing trade issues, which could eventually evolve into multilateral agreements, thus restoring the WTO's centrality in global trade.

(Generated with the help of GPT-4)

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