Reciprocal liberalization: Bilateral, plurilateral or multilateral?
This chapter studies interlinkages and interaction between the reciprocal trade liberalization through the WTO and preferential trade agreements from the perspective of the LDCs. An econometric exercise using an extended version of ARTNeT gravity dataset is done to determine the impact of WTO and PTA membership on the developed and developing countries, as well as LDCs’ trade.
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