During the Doha Round of WTO trade discussions, different viewpoints of WTO member states, particularly developed and developing countries, as well as representatives from the United States, the European Union, and Japan, were noticed. Agricultural protection issues in industrialised countries, such as the European Union and the United States, as well as developing countries, were a major stumbling block during the discussions. Despite the international WTO forum’s undeniable benefits for trade liberalisation, The fast growth of bilateral and multilateral North-South Free Trade Agreements (FTAs) necessitates a systematic explanation for why some forums are preferred over others. The article’s main goal is to provide some new aspects of international business theory in the context of the international economy during COVID-19. The article discusses mercantilist tendencies in international trade policy, public choice theory in international trade policy, and protectionist influences in various political systems. the level of protectionist pressures, food producer pressures, and tensions between impulses toward long-term international trade liberalisation and environmental protection, the growing relevance of bilateral agreements in foreign trade policy, and the time of COVID-19.
Author (s) Details
Zdzisław W. Puślecki
Adam Mickiewicz University, Poznań, Poland.
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