With the collapse of talks at the Doha round of World Trade Organisation (WTO), regionalism has proliferated in the form of Regional Trade Agreements (RTAs). This in turn has raised a number of critical issues in the global trade policy debates. Given the implications of RTAs and WTO negotiations on economic development, this volume emphasises the need to examine the macro and micro effects of international trade flows on welfare, revenue, poverty and environment, particularly in the light of diversities, heterogeneities and the limited financial capacities of developing countries. It discusses issues of trade, investment, poverty, gender and legal dimensions in the regional and multilateral framework, and provides useful pointers towards the formulation of trade and economic policies for the benefit of developing countries. Based on recent data, the book provides fresh insights into the theory and policy of regional and multilateral trade from the perspective of developing countries.