EU. That is an idea that horrifies the European Commission, which regards bilateral deals in market matters as little better than jungle law that would undermine Europe's single market.

ECONOMIST: The row over the EU��s market isn��t over

Most important for the EU, the ending of restrictive bilateral air service agreements will allow EU airlines to merge without losing access to the U.S. market.

FORBES: Magazine Article

The danger is that new large consumers like China and India will make bilateral arrangements for large supplies of gas with big producers, which could set back the development of a global market.

ECONOMIST: Energy policy: A better mix | The