2 ms·
_This_ specific article is about balanced trade, not income tax. Before the WTO, there were bilateral agreements between countries. After the WTO ground to a
by walterbell 2y ago
_This_ specific article is about balanced trade, not income tax.
Before the WTO, there were bilateral agreements between countries. After the WTO ground to a halt over the past decade, due to India and others, there were again bilateral agreements, then attempts at regional agreements like the TPP, https://en.wikipedia.org/wiki/Trans-Pacific_Partnership https://en.wikipedia.org/wiki/Trans-Pacific_Partnership and a parallel agreement among other Asian countries.
Setting aside short-term posturing, the best case going forward is trade agreements among groups of countries, to avoid the N-way combinatorial explosion of bilateral agreements among 100+ countries. That could be trading blocs anchored by US, China or other groups with complementary trade objectives.