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Thailand Weighs Benefits of Bilateral Deals on Free Trade.
Byline: Somporn Thapanachai
May 3--Most countries see bilateral free-trade agreements as building blocks toward global trade liberalisation.
By forging trade pacts on a one-to-one or regional basis many of the sticking points that delay progress at macro level -- negotiations within the framework of the World Trade Organisation -- can be overcome more easily.
South Korea, China and Mongolia are among the few countries that are not parties to the 60 or more agreements now in place.
Of these, 17 were signed during 1997-98, confirming their merit as viable strategies complementing multilateral pacts, according to Inkyo Cheong from the ...
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Source: HighBeam Research, Thailand Weighs Benefits of Bilateral Deals on Free Trade.