Is the WTO over? Mega-regional/plurilateral free trade negotiations: perspectives of multilateralism in trade

Since WWII a very dynamic expansion of international trade has taken place – it is especially true for the period since the early 1980s. Many says that world trade has never been so free as nowadays, and 161 countries are taking place in multilateral trade talks under the umbrella of WTO. Nonetheless, recent two decades of WTO is far from being a success story – none of the WTO trade Rounds have been completed successfully: the Millennium Round had not even started in 1999, and the Doha Round (launched in November 2001) was officially suspended in the year 2006.