The Next Trade Policy Battle
C. Fred Bergsten
No PB00-1, Policy Briefs from Peterson Institute for International Economics
The global trading system underwent two major developments as the 20th century drew to a close. The first was the agreement between the United States and China in mid-November that will enable the Chinese to join the World Trade Organization in the near future. The second was the WTO's failure during its ministerial meeting in Seattle in early December to launch a new round of negotiations to further reduce trade barriers and write new international economic rules.
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