Trade Deals Reshape Global Food Markets, Disrupt Multilateral System
The article discusses trade agreements in the past 20 years, focusing on their impact on agricultural and food markets. Agricultural tariffs have decreased, but some remain high. Regional trade agreements have helped reduce non-tariff barriers. However, negotiations at the WTO have stalled due to complexity and differing interests. The WTO needs to adapt to a world of regional agreements and improve transparency to support global trade.