Regionalism refers to the trend of creating large number of Free Trade Agreements. Here, the importance of WTO (Multilateralism) comes down as regional trade blocs or free trade arrangements introduce higher level of trade liberalization.
Regionalism refers to the trend of creating large number of Free Trade Agreements. Here, the importance of WTO (Multilateralism) comes down as regional trade blocs or free trade arrangements introduce higher level of trade liberalization.
