The watering of trade

• 成果类型: Article
• 署名作者: Bhagwati, J
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(96)01451-1
• 发表日期: 1997
• 页码: 239-241
• 关键词: Free trade areas; MULTILATERALISM

摘要

The proliferation of Preferential Trading Arrangements, especially of Free Trade Areas, has been characteristic of recent trade liberalization. In turn, many are based on the defining critereon of member countries sharing common waters: oceans, in particular, and now seas. It is suggested playfully that this 'watering of trade' also shows the superiority of multilateral over preferential freeing of trade because the WTO would be host to the 'largest water of all'.