US Trade Policy: The Infatuation with FTAs
The U.S. administration is poised to expand NAFTA to Chile and elsewhere. It also may be committed to turning APEC into a Free Trade Area (FTA). It seems therefore to have decided to persist in pushing ahead with these types of trading arrangements even though the multilateral WTO has been jumpstarted. I believe that this policy of, instead of concentration now on multilateralism at the WTO, is a mistake.
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