Reciprocal liberalization: Bilateral, plurilateral or multilateral?

A country may opt for different type of reciprocal trade liberalization leading to either multilateral or bilateral/plurilateral negotiations. If it chooses a multilateral approach, it will focus on the big negotiations table of the World Trade Organization (WTO). If however it prefers to negotiate with a smaller number of partners, it will end up having petite comité rounds with one or several chosen countries. However, these are not either-or options, as it has been demonstrated that most countries have chosen both approaches.

Related Subject(s): Economic and Social Development