Bottom-up Multilateralism

Bottom-up multilateralism in Global Commerce Policy

In this regard, bottom-up multilateralism is: a negotiating process resulting in bilateral and minilateral outcomes which are extended multilaterally from the bottom up. Cowhey and Aronson, proponents of this process, stress that such deals must encompass the basic principles of the multilateral trade regime, and they must be open to the scrutiny of third parties. They say that multilateral negotiations will only yield slow incremental progress towards liberalization, and that regionalism, and in some cases the sectoral approach, can provide a superior solution to many issues if appropriate consultative mechanisms between regions exist. See also bilateralism, hub and spokes, minilateralism, multilateralism and sectoral trade negotiations.[1]

Bottom-up multilateralismin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Bottom-up multilateralism” entry (OAS)

See Also