This title is a contribution to the effort to meet the complex challenges entailed in Latin America's increasing participation in world markets. Taking into account the changes in the region and a future WTO conference, 12 economists and two international trade lawyers provide a framework for the analysis of trade negotiations by identifying key points of disagreement among trading partners, and discuss controversial issues such as the environment, labour and agriculture, exceptional protection, investment, services, e-commerce and the efficiency of the dispute settlement mechanism. The contributors identify the optimum approach for Latin America to take in protecting its interests and enhancing its advantages in global trade, and assess the various tools that negotiators might use during the forthcoming round of multilateral negotiations. They make concrete recommendations concerning trade strategy, policy, implementation and management together with suggestions as to how Latin America and other developing countries can increase their bargaining power in order to deal with new circumstances as they arise.