The explosion of regional agreements in many parts of the world over the last decade and a half raises important questions about what this trend means for multilateral trade relations in an increasingly globalized world. There is much literature that seeks to explain and understand what motivates regionalism. But little has been written about the consequences for future trade relations of a continued splintering of trading arrangements into dozens of often overlapping and potentially inconsistent agreements. Is there a point at which this process finds its own saturation level? Or will the political and economic costs of increasing fragmentation lead to a reversal of regionalism?
Multilateralising Regionalism is a two and a half day conference dedicated to exploring these issues, and in particular, the relationship between regionalism and the multilateral trading system. The first two days of the conference will explore how regional trade agreements might be tamed through a multilaterally based approach to redefining trade cooperation. The final half-day will consist of a high-level discussion by policymakers and scholars of the issues teased out in the first part of the conference.