Part III World Trade Law and Regional Trade Agreements, XIII The Multilateral and the Plurilateral Agreements on Trade
- Specific trade agreements
The WTO Agreement distinguishes between the Multilateral Trade Agreements and the Plurilateral Trade Agreements. The multilateral agreements are binding on all WTO Members and must be ratified, together with the WTO Agreement, as a whole (‘single undertaking approach’). Plurilateral agreements are optional in character and only obligate those members which choose to ratify them. Accordingly, Article II:2 and 3 of the WTO Agreement states: The interplay of the various trade agreements adds to the complex texture of WTO law. Moreover, the different meanings of...