Small developing economies and the multilateral trading system: A Caribbean perspective

Small developing economies are often constrained in participating in the negotiation and regulation of multilateral trading rules due to severe cost and resource limitations. This article argues that, despite the costs and difficulties, small states must remain engaged in the multilateral trading system in order to ensure that their specialised commercial interests are recognised and to protect their rights. Umbrella entities like the Caribbean Regional Negotiating Machinery (CRNM) provide a means of maximising the influence of small states in an international forum such as the World Trade Organization.