Beyond Trending: What is plurilateralism?

What Happened

At the WTO's fourteenth Ministerial Conference, India opposed the China-backed Investment Facilitation for Development Agreement through plurilateral means. Plurilateralism involves sector-specific agreements binding only participating members, unlike multilateral agreements binding all 166 WTO members. The Doha Round's 2001 failure and subsequent geopolitical tensions have driven countries toward plurilateral arrangements, fragmenting the post-war rules-based trading system.

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