In this article, Dan discusses how many in developed countries believe that workers in their jurisdictions have been negatively impacted by trade, primarily as a result of labour cost differences between developed and developing jurisdictions. Whether justified or not, the ‘unfair trade’ complaint has been adopted by politicians in developed countries, many of whom have tried to address disparities in labour cost through bilateral and plurilateral trade agreements with developing countries.
Tag: PTAs
The WTO and PTAs: Channeling Bilateral Trade Towards Broader Trade Liberalization
In this article, Dan Poliwoda reviews the recent proliferation of preferential trade agreements, and considers how the WTO should respond, as international trade trends away from multilateralism towards bilateralism.