'Emergent India: New roles and new responsibilities' - WTO
18 Jan '07
2 min read
But as the WTO and it predecessor, the GATT, have evolved, a myriad of preferential trade agreements have been concluded by WTO members. By 2010 around 400 of such agreements could be active. These preferential agreements contradict the non discrimination principle which is one of the cornerstones of the WTO. If this is so, why are so many countries ready to accept rules and disciplines at the bilateral level that they are not prepared to accept at the multilateral level?
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