t up over time in the EU, coupled with the reliance of the EU on trade agreements as foreign policy tools has meant that an increasing number of preferential trade agreements have been formed. These agreements are self-replicating as each new accord creates further disadvantaged partners or erodes existing advantage. The general proliferation has devalued them for each individual, making EU policy less effective on a country-to-country basis.
             Pomfret shows that there is welfare gain to the developing country from a preferential trade agreement; It is shown t
             ...