December 9, 2013

Global Trade Deal Was a Game-Changer

Daniel Drezner, Foreign Policy

The Associated Press

The way Bali matters is that it alters the perceptions of those pundits who haven't been paying attention. Now suddenly the narrative shifts from not much getting done on trade - or bilateral/regional deals fragmenting the global trade regime -- to a narrative where the WTO has made forward progress and maintained its relevancy (even though it was always going to be relevant). Now these same pessimists will observe that Americans seem pretty enthusiastic about trade expansion and that the bilateral and multilateral trade agreements are far more likely to be complements than substitutes. When Tom Friedman writes his inevitable "hey, I talked to a cabbie in Bali and there seems to be a real trade agenda" op-ed in, oh, six weeks from now, perceptions will actually change.

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TAGGED: Globalization, Asia

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