Pro-Development Bilateral Trade Agreements. Kevin J. Fandl (May 2008). Introduction.
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Kevin J. Fandl (May 2008).
There has been a significant proliferation of bilateral trade agreements in recent history. These agreements have been controversial for a number of reasons, including their ability to promote trade, their political underpinnings, and their diversion of attention from negotiations at the World Trade Organization (WTO).
This presentation explores the possibility of creating bilateral agreements that are pro-trade, and also pro-economic development.
There may be a difference between the benefits of bilateral agreements among developing countries, and those concluded between developed and developing countries.
According to former WTO DG SupahcaiPanitchpakdi:
Certain provisions could be added to bilateral trade agreements to make them more pro-development. Each case would require the application of different provisions as every developing country has its own unique economic development needs; however, we can discern a short list of several very basic provisions that would ensure a minimal level of economic development along with improved trade.