TradeVerse: A Longitudinal Benchmark of Political Negotiation in International Trade

LLMs are increasingly being applied to tasks involving institutional and political texts, but existing benchmarks evaluate them on isolated documents or single tasks. In realpolitik, negotiations are longitudinal data, where participating parties can align or argue over multiple iterations and each turn is an outcome of the previous turns, hence, understanding one turn requires tracking everything before it. We introduce TradeVerse, a benchmark built from the World Trade Organisation (WTO) specific trade concerns, where member states challenge one another and exchange arguments over multiple rounds, sometimes for years. We, in TradeVerse, reconstruct minutes of 1170 meetings, spanning across 5 groups and 89 product groups and define three tasks: first, the system has to analyze the longitudinal meeting records and predict the harmonized system codes (HS chapters) of the products under discussion in the particular meeting, second, we examine whether the system, upon analyzing the anonymized content of the meeting, can guess the name of the responding country and third, we ask the system to play the role of the responding country and provide the statement for the very last round. All labels are recovered directly from the proceedings, requiring no manual annotation. Our experiments highlight the challenges these tasks pose for current LLMs. To the best of our knowledge, TradeVerseis the first benchmark to investigate potential of LLMs in understanding longitudinal political trade negotiations.