Multilateral is Dead; Long Live Plurilaterals Former WTO Director-General Roberto Azevêdo said this week that the ability of the organization to achieve any new agreements is thwarted because finding a consensus in Geneva has become “very difficult, if not impossible.” Reinforcing that point and driving a stake into it, India and other developing countries are opposed to modifying in any way the organization’s current mandate that agreements must be based on a 100-percent consensus of all members. In short, there may be future trade agreements, but they will be bilateral or plurilateral and not multilateral. It is time for negotiators in Geneva to accept that fact and pivot their nations’ energies toward the a...

TAGS – China, North America, Macroeconomics