Key points are not available for this paper at this time.
The U.S. administration is poised to expand NAFTA to Chile and elsewhere. It also may be committed to turning APEC into a Free Trade Area (FTA). It seems therefore to have decided to persist in pushing ahead with these types of trading arrangements even though the multilateral WTO has been jumpstarted. I believe that this policy of, instead of concentration now on multilateralism at the WTO, is a mistake.
Jagdish N. Bhagwati (Sun,) studied this question.