To Select Appropriate Mode of Partnership in International Trade

Abstract

The weave of global free market concept is near to death now. Hope for the free market trade was initiated by the World Trade Center (WTO) under its inspiring agreements as a part of multilateral trade negotiations. Several rounds of WTO showed light for free movement of goods, services even manpower from least developing countries to the developed markets. WTO was successful to negotiate a long list of agreements like Agreement on Agriculture, Agreement on the Application of Sanitary and Phytosanitary Measures, Agreement on Technical Barriers to Trade, Agreement on Trade Related Investment Measures, Agreement on Anti-Dumping, Agreement on Customs Valuation, Agreement on Pre-shipment Inspection, Agreement on Rules of Origin, Agreement on Import Licensing Procedures, Agreement on Subsidies and Countervailing Measures, Agreement on Safeguards, General Agreement on Trade in Services, Agreement on Trade-Related Aspects of Intellectual Property Rights, Agreement on Government Procurement, and Trade Facilitation Agreement etc. within last three decades. But major challenge bring forward while the agreements started to be enforce in practice. First attract was led by USA who refuses to implement DFQFMA to the LDCs and introduced a condition of 97% products, they had selected these 97% so list of products so comprehensively for the countries that all major export items of the LDC countries like Bangladesh went out of 97%. Various counter proposals were placed and standard, compliance and conditions etc. forms of restrictions made the negotiation complex and time consuming.