Plurilateral Agreements
- Plurilateral agreements are trade pacts voluntarily negotiated by specific subsets of member countries, rather than the entire WTO membership.
- Unlike core multilateral agreements that bind all 166 WTO members, plurilateral agreements create binding obligations and rights only for signatory countries that ratify them.
- Under Article X.9 of the Marrakesh Agreement, adding a new official plurilateral agreement to Annex 4 requires explicit consensus from all WTO members.
- Depending on the treaty, benefits may be shared exclusively among participants or extended to all WTO members on a Most-Favoured-Nation (MFN) ....
