Embracing Diversity: Plurilateral Agreements and the Trading System

Petros C. Mavroidis
Authors registered in the RePEc Author Service: Bernard Hoekman

No 10204, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Plurilateral agreements in the WTO context allow sub-sets of countries to agree to commitments in specific policy areas that only apply to signatories, and thus allow for ?variable geometry? in the WTO. Current WTO rules make it much more difficult to pursue the plurilateral route than to negotiate a preferential trade agreement outside the WTO. We argue that this is inefficient from a global welfare and trading system perspective and that WTO Members should facilitate the negotiation of new plurilateral agreements on regulatory matters.

Keywords: Multilateralism; Plurilateral agreement; Regulatory cooperation; Trade agreements; Wto (search for similar items in EconPapers)
JEL-codes: F13 K32 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: Embracing Diversity: Plurilateral Agreements and the Trading System* (2015)
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