Review the case study, Trade Agreements and the World Trade Organization, and prepare a 2- to 3-page response (not counting the cover and references pages) addressing the questions that follow.

Briefly review the evolution of NAFTA in 1993, the latest round of negotiations (sometimes referred to as the Doha Round, and earlier the Uruguay Round) with GATT, and the role of the WTO.

Provide your answers to the following questions:

• What are the pros and cons of the multilateral approach to free trade, compared to the unilateral approach?
• Describe the push by some companies to provide government tariffs and quotas against imports and/or subsidies to domestic producers in order to protect their companies against global competition. Describe the impact on consumers in terms of potentially higher prices and lower quality. From your perspective, how does this play out in multilateral trade negotiations between the USA and other countries?
• Multilateral trade agreements include "level playing field" agreements such as patent protection and protection against counterfeiting imported goods by foreign citizens, as well as allowing the currency of a country to freely float and establish free-market exchange rates.
• What role (if any) does GATT and the WTO play in enforcing these agreements?
• Are you aware of concerns by any US companies in those regards? If so, please provide your insights as a part of this case study.