Supply Chains, Mega-Regionals and Multilateralism A Road Map for the WTO

Bernard Hoekman, 19 May 2014

a

A

Executive Summary

1 From Doha to Bali
1.1 The Doha Development Agenda: Diverging objectives
1.2 Explanations for the deadlock
1.3 The shift away from the WTO and the 2013 Bali Ministerial
1.4 Plan of this report

2 Developments in Global Trade
2.1 Diverging performance: A multipolar world economy
2.2 Growth in ‘vertical specialisation’ and ‘supply chain trade’
2.3 Foreign direct investment as a driver of trade growth
2.4 Services, data flows and digital trade
2.5 Changes in trade in agricultural and natural resource-based products

3 Trends in Trade Policy and Trade Agreements
3.1 Trade policy
3.2 Trade agreements
4 A Supply Chain-Informed Approach to Market Access
4.1 Implementing a supply chain dimension in market access/rules
negotiations

5 Deliberation and Cooperation on New Issues
5.1 Deliberative mechanisms
5.2 Engaging with the PTAs: Transparency and learning
5.3 Plurilateral cooperation and Annex IV WTO agreements
5.4 Defining a new agenda for multilateral cooperation

6 Rethinking Economic Development in the WTO

7 Concluding Remarks

Director, Global Economics at the Robert Schuman Centre for Advanced Studies, European University Institute; CEPR