Political Economy of Multilateral Trade Negotiations

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Multilateral trade agreements, while primarily negotiated on economic grounds also have significant political determinants and underpinnings. The package negotiated in a trade-round contains both political and economic benefits requiring judicial concessions and trade-offs, including carefully balancing sometimes conflicting domestic political interests, as well as advancing strategic considerations in foreign affairs. This article looks at the international political economy of trade negotiations at the WTO; and how politics influences concessions in multilateral trade negotiations.

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