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Article: No contradiction between RTAs and multilaterism: Kamal Nath.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- March 23, 2006
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No contradiction between RTAs and multilaterism: Kamal Nath
New Delhi, Mar 22 (PTI) There is no real contradiction between Free Trade Agreements (FTAs) or Regional Trading Arrangements (RTAs) and the multilateral trading system of the World Trade Organisation (WTO) as RTAs and FTAs are merely building blocs in the wider architecture of multilateralism, Union Minister of Commerce and Industry Kamal Nath said here today.
Addressing a meeting organised by International Market Assessment (IMA), he said the number of RTAs have quadrupled since 1990 (from 50 to nearly 230) and another 60 agreements are under negotiation.
On an average, each country ...