Financial Times FT.com

US seeks trade insurance with bilateral pacts

By Alan Beattie, World Trade Editor

Published: March 21 2006 22:01 | Last updated: March 21 2006 22:01

It’s always wise to have a Plan B. As the US urges progress in the “Doha round” of trade talks, it is also chasing bilateral trade deals across east Asia. These proposed pacts, which include South Korea, Malaysia and Thailand, will act as insurance for a disappointing round. They also put down a marker for future US influence in the region.

The US has for several years pursued a policy of “competitive liberalisation”, pursuing both multilateral and bilateral liberalisation. This irks many trade experts who say bilateral deals do more to divert and complicate trade than advance it.

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