Lucerna, Suiza
The multilateral trading system of the World Trade Organizarion (WTO), which is based on the principle of most-favoured-nation treatment, has a certain tension with the regional and supraregional preferential agreements. Nevertheless, WTO law does not rule our preferential agreements in the area or trade in goods and services or public procurement. This article analyses the conditions under which the further dismantling of trade barriers in the form of preferential agreements is permissible and concludes that there are barely any legal or factual limits to WTO members for concluding regional preferencial agreements.
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