Abstract
Abstract General Agreement on Tariffs and Trade ‘s (GATT) Article XXIV permits the formation of preferential agreements among World Trade Organization (WTO) members as long as free trade prevails within the blocks and barriers to trade with other members do not increase. Notwithstanding their legal compatibility, WTO agreements and preferential arrangements can be at odds with each other. WTO ‘multilateralism ‘ seeks non preferential treatment for all members, which is violated by all preferential trading arrangements, and all-inclusive trade negotiations. The so-called ‘bilateralism ‘ embodied in preferential arrangements represents a trend toward block formation and negotiations conducted parallel to the multilateral framework.
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