Hoekman, Bernard; Mavroidis, Petros C - C.E.P.R. Discussion Papers - 2014
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 …