The multilateral trading system

Our own Dick Kamuganga has just posted on his own blog, African Renaissance Fellowship, about the geopolitics of international trade. Here's an extract:

"The bigger economies will be able to achieve their ambitious mercantilist objectives of opening developing countries markets under PTA and RTAs without paying the liberalisation costs in agricultural sector than at WTO.

If the multilateral trading system is to remain relevant, at least three things must happen! (i) The rich nations must accept sharing leadership of the system with the emerging south. (ii) The global trade rules must be reformed and rebalanced and improved to serve all member states of the WTO, (iii) WTO must use its power to protect weak members against the might of the powerful in the regional and bilateral trade rules to promote development."