Plurilateral deals are last best hope for world trading system

The article discusses how plurilateral deals, or agreements among a select group of countries, could be the next best hope for revitalizing the global trading system. These agreements, formed by coalitions of willing nations, might gradually gain enough momentum to be integrated into the frameworks of the World Trade Organization (WTO). This approach is seen as a potential workaround for the current gridlock in multilateral trade negotiations. The idea holds promise as it could foster cooperation and trade liberalization in areas where broader consensus is elusive, highlighting the need for innovative solutions to save the trading system from stagnation.