A REVIEW OF THE REGIONAL AGREEMENTS IN MULTILATERAL PERSPECTIVE

Abstract

Multilateral trade ties between the members of the world trade organisation have been impacting the trade to the new dimensions and targets. Multilateral trade has been seen as a tool of inclusive growth and sustainable development across the developing and developed world. The developing countries have the rich resources remaining untapped. The developed countries has the technology and tools to use those resources. Multilateral is the real thing which connects both the developed and developing world. Although the WTO regime has done a tremendous job but still there is the problem of poverty and less development amongst the least developed countries. The regional co-operation agreements have come to help the regional imbalance while supplementing the WTO objectives. This review paper reviews the role of the regional co-operation agreements in the era of Multilateralism and internationalization of trade and industry.