The World Trade Organization: New Challenges

The World Trade Organization: New Challenges

-Speaker: Jagdish Bhagwati, Professor, Columbia University

-Date : July 19, 1995

The 'spaghetti bowl' proliferation of preferential trading arrangements clutters up trade with discrimination depending on the 'nationality' of a good, with inevitable costs that trade experts have long noted... Rules of origin, which are inherently arbitrary despite the Codifications we must live with, multiply under free trade areas because different members have different external tariffs...