Promoting Regional Trade Agreements May Undermine the Progress in Multilateral Trade System
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Establishment of the World Trade Organization has helped in promoting trade and investment around the world.However, increasing number of regional trade agreements may affect the progress in world trading system and generate trade barriers between countries. Promoting multilateral trading system is the best long-term strategy for both developed and developing countries to develop their trade and investment.
The world trade organization, Regional trade agreements, Regionalism