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ARTICLE · 25 OCTOBER 2014

Trade Mega-Deals And The WTO

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Do prospective regional trade "mega-deals" such as the TPP and TTIP pose a threat to the WTO and the multilateral system? Not likely.

CanadaInternational Law
Len Edwards
Len Edwards
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Do prospective regional trade "mega-deals" such as the TPP and TTIP pose a threat to the WTO and the multilateral system? Not likely.

For decades, the proponents of the multilateral system have worried about the proliferation of bilateral free trade deals (FTAs) and regional trade agreements (RTAs). They have regarded these agreements as complicating the governance of international trade, distracting countries from the tough work of multilateral trade liberalization, and creating closed systems that mainly benefit stronger players while disadvantaging or leaving out weaker countries — especially the least-developed nations that need access to good markets the most, but have little to offer in return.

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