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Title: Embracing Diversity: Plurilateral Agreements and the Trading System

Author(s): Bernard Hoekman and Petros C Mavroidis

Publication Date: October 2014

Keyword(s): multilateralism, plurilateral agreement, regulatory cooperation, trade agreements and WTO

Programme Area(s): International Trade and Regional Economics

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.

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Bibliographic Reference

Hoekman, B and Mavroidis, P. 2014. 'Embracing Diversity: Plurilateral Agreements and the Trading System'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10204