Author Question: Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade ... (Read 93 times)

roselinechinyere27m · **on:** Jun 30, 2018

Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?

What will be an ideal response?

Question 2

U.S. sugar quotas cost each person in the U.S. thousands of dollars per year due to higher prices.

Indicate whether the statement is true or false

ashely1112 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Tariffs are low and quotas have mostly been eliminated; the Cold War is over; remaining trade issues are tough; more participants make multilateral negotiations difficult; bilateral can be testing ground for new arrangements.

Answer to Question 2

FALSE