0.25 pts In the last 20 years, the US has shifted it stance from staunch support

Question

0.25 pts In the last 20 years, the US has shifted it stance from staunch supporter of multilateral trade liberalization to a greater focus on bilateral and plurilateral trade agreements. This is due to B) Multilateral negotiations become more dificult as tariffs have fallen dramatically recent rounds have focused on more contentious issues of trade related policies A)and C) O A), B) and c) A) Multilateral trade negotiation became more compli GATT) membership has increased. cated as WTO (and previously C) The end of the Cold Was has removed one of the pressures that caused the US to offer trade concessions to other countries.

Explanation / Answer

All options are correct - increase in membership of WTO, reduced pressure to offer concessions and focus on contentious issues of trade related policies, all are reasons for shift of stance by the US.

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