The watering of trade
指出近年贸易自由化中特惠贸易安排（尤其是自由贸易区）激增，且许多基于成员国共享水域（如海洋）的标准，并戏称这“贸易的水域化”也显示多边贸易自由化优于特惠自由化，因为WTO拥有“最大的水域”。
The proliferation of Preferential Trading Arrangements, especially of Free Trade Areas, has been characteristic of recent trade liberalization. In turn, many are based on the defining critereon of member countries sharing common waters: oceans, in particular, and now seas. It is suggested playfully that this ‘watering of trade’ also shows the superiority of multilateral over preferential freeing of trade because the WTO would be host to the ‘largest water of all’.