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Remember the Doha Round?

The World Trade Organisation?

The Doha Round started in 2001, under GWB's presidency. Bearing in mind his ideological horror of multilateral institutions, the collapse of negotiations in 2008 may be seen as one of his crowning achievements in foreign policy. It still exists in zombie form, but it isn't going anywhere.

Basically, the US doesn't want an fair, open, transparent international trade system. The US wants to negotiate leonine treaties bilaterally with everyone.

This would appear to be the the basis for the Pacific and European agreements they are currently negotiating. I suppose that most of world trade will be regulated by these two treaties.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Wed Jan 15th, 2014 at 06:41:45 AM EST
eurogreen:
Basically, the US doesn't want an fair, open, transparent international trade system.

But it didn't mind international rules as long as they were the right rules. My impression of the Doha round is that once the south got their cooperation going the old model broke down. Once it was no longer EU, Japan and USA negotiating for real and everyone else getting stuck with ratification - or else! - the differences were insurmountable.

eurogreen:

I suppose that most of world trade will be regulated by these two treaties.

I think I saw it stated in the leaked document from TTIP that one purpose is to create global rules by covering a large enough area that the rest of the world has to simple adopt its rules.

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by A swedish kind of death on Wed Jan 15th, 2014 at 08:49:19 AM EST
[ Parent ]
And those of us who believed that the election of Obama heralded a new era of multilateralism... oh well.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Jan 15th, 2014 at 10:11:38 AM EST
[ Parent ]
Multibilateralism...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jan 15th, 2014 at 10:15:20 AM EST
[ Parent ]

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