Chinese imports into Cambodia see the highest surge in textile and fabric post RCEP. - Phnom Penh Post/ANN
PHNOM PENH, April 2 (Phnom Penh Post/ANN): Prominent economist and trade policy scholar Jagdish Bhagwati once likened free trade agreements (FTAs) to “termites” that “eat away” at multilateral trading systems “relentlessly and progressively”.
His remark, which described the title of his 2008 book Termites in the Trading System – How Preferential Agreements Undermine Free Trade, was intuitive in that he talked about how FTAs are “erroneously” pursued by governments in the hope of scoring a free trade agenda.
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