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How to Get WTO Talks Moving: Take on Agriculture Subsidies
13/05/2014
As mentioned in my last piece here, there has been much hand-wringing in recent years over the inability of the WTO to achieve new trade liberalization. The modest success of the recent Trade Facilitation Agreement was a small victory, but it is not liberalization in the traditional sense, where countries agree to rein in their protectionist impulses. The failure of trade talks at the multilateral level has led many governments to pursue regional or plurilateral initiatives, even though such approaches have fundamental flaws in economic and political terms.
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