In the last 60 years, 348 bilateral or regional trade accords have been registered with the WTO, of which 197 are still in force.
While the impact of such deals on global commerce is difficult to quantify with precision, it has been estimated that they account for about 40 percent of world trade.
"Everyone has bilateral accords in his pocket," noted Lionel Fontagne, head of the international affairs think tank Cepii.
He said the United States "already depends heavily on NAFTA", a trade pact linking it with Mexico and Canada.
buy grifulvin online buy grifulvin online no prescription
"If things go wrong at the WTO, Europe will either launch new trade initiatives or re-launch those that are dormant," he added, citing negotiations with the Mercosur group in Latin America -- Brazil, Argentina, Paraguay and Uruguay.
Given the complexi