The WTO's future may lie in plurilateral agreements, which could revitalize its role in global trade.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | CATO Institute |
| Authors: | James Bacchus |
| Geographic focus: | Global |
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)
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)