Failure Of Multilateral Trade Deals

Question 1

What do the USA + Europe want ?

Answer 1

Focus on the harmonization of standards and protection of intellectual property + labor and environment protection

Question 2

What do emerging countries want?

Answer 2

Reduce tariffs (e.g: agriculture) + protection against subsidies given by developed countries

Question 3

What does this explain?

Answer 3

A country is more likely to reach an agreement with countries at a similar stage of economic development because they share the same priorities