The WTO role in the Australia and US free trade agreement
Since its inception The World Trade Organisation (WTO) has played a pivotal role in ensuring that trade flows as smoothly, predictably and freely as possible across all nations. The purpose of this paper is to consider the role that the WTO plays in creating multilateral agreements and to contrast these with those roles played by other nations when negotiating bilateral trade agreements. A review of trade creation and trade diversion is put forward followed by discussion of the proposed free trade agreement between Australian and the United States of America.
The World Trade Organisation…
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