V. Obolenskii, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23 Profsoyuznaya Str., Moscow, 117997, Russian Federation (email@example.com).
In the second part of XX century the world saw a steady strengthening and consolidation of liberalization trend in trade policies of many nations. This helped to establish the GATT in 1947 and, later on as a result of Uruguay round of multilateral trade negotiations (1986-1994), the new international economic institution - the WTO. However, the pace and scale of multilateral liberalization do not satisfy the participants of international trade. This triggers a widespread drive for concluding bilateral, regional and then transcontinental agreements on economic cooperation. The article is devoted to an in-depths analysis of the contradictions that arise between the WTO and regional trade agreements, as well as to the available ways of their reconciliation.
protectionism, “competitive liberalization”, WTO, Doha round of negotiations, regional trade agreements, import duties
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