Frustrated with lackluster momentum in the WTO Doha Round and the Asia Pacific Economic Cooperation (APEC) forum, and mindful of free trade agreement (FTA) networks centered on the United States and Europe, Asian countries have joined the FTA game. By 2000, Asian countries had ratified 10...

Cover -- Contents -- Preface -- Chapter 1 Introduction -- Forces Larger than China -- China in Global Trade and Investment -- US-China Bilateral Trade Friction -- Overview of Trade Disputes -- Chapter 2 The Revaluation Debate -- Section 301 Petition -- Key Players -- The Legal Case, Part I: GATT...

The paper discusses various milestones in the process of multilateral trade negotiations, pinpoints current challenges facing the world trading order, and proposes possible ways out of the persistent impasse. Hufbauer argues that the success of the multilateral approach is at least partly...