multilateral trade

Apart from geopolitics, the group's focus includes economic cooperation and increasing multilateral trade and development.

“We hope the relevant countries will do the right thing and work together to uphold the multilateral trade regime and safeguard the stability of the global industrial and supply chains,” China’s Foreign Ministry spokesperson Wang Wenbin said this month.

“We hope the relevant countries will do the right thing and work together to uphold the multilateral trade regime and safeguard the stability of the global industrial and supply chains,” he said.

Conventional wisdom in Washington holds that multilateral trade agreements are a thing of the past.

The Central American country has 10 bilateral and five multilateral trade agreements in force.