The 1995 creation of the WTO – as an institutional extension of the GATT - held out the promise of an effective, rules-based world trading system where all countries were treated alike. In addition to establishing a global judiciary for trade disputes, the WTO was expected to provide a forum for trade negotiations and other related functions.
Understanding the GATT’s wins and the WTO’s woes
Richard Baldwin, 5 June 2010
Future of the world trading system: Asian perspectives
Richard Baldwin, Masahiro Kawai, Ganeshan Wignaraja , 12 June 2013
Some news about preferential international market access
Peter Egger, Georg Wamser, 7 June 2013
The world trade system as governed by the WTO works on two fundamental principles, i.e. most-favoured nation treatment and national treatment.
The stalemate at the negotiations on environmental goods: Can it be broken?
Gaëlle Balineau, Jaime de Melo, 5 May 2013
At its launch, the Doha Round was dubbed the Round for the ‘Developing Countries and for the protection of the environment’ as it was to create a triple-win situation, for trade, for development, and for the environment by the reduction or elimination of tariff and non-tariff barriers on environmental goods and services.
Pay attention to the WTO leadership contest: It matters!
Bernard Hoekman, Petros C. Mavroidis, 3 April 2013
The Director-General race
Emerging-economy trade policy has become more responsive to economic shocks under the WTO
Chad P Bown, Meredith Crowley, 8 February 2013
The use of temporary protection has spread like wildfire in recent years. Even if these measures – antidumping and anti-subsidy duties for example – are perfectly consistent with WTO trade rules, there are worries that this signals a shift to protectionism (Baldwin and Evenett 2012 and Aggarwal and Evenett 2012). But there is an alternative view.
How much global trade governance should there be?
Simon Lester, 20 January 2013
Trade agreements seem to be getting deeper, intruding on policy areas that were traditionally viewed as matters of purely national concern (WTO 2011, 2012). This differs considerably from the WTO’s original focus on protectionism (Lester 2013).
China’s pure exporter subsidies: Protectionism by exporting
Fabrice Defever, Alejandro Riaño, 4 January 2013
On 17 September last year, the US requested consultations with China concerning a wide range of export-contingent measures – grants, tax preferences and interest-rate subsidies, totalling at least $1 billion – in apparent violation of the WTO’s Agreement on Subsidies and Countervailing Measures, China’s accession protocol and article XVI of the GATT.
WTO 2.0: Global governance of supply-chain trade
Richard Baldwin, 22 December 2012
CEPR Policy Insight No. 64 is available to download free of charge here.
Global imbalances: What role for the WTO?
Juan A. Marchetti, Michele Ruta, Robert Teh, 2 January 2013
The world witnessed a large build-up of current account and merchandise trade imbalances, both in absolute and relative terms, prior to the global financial and economic crisis (see Table 1 and Figure 1). Current account/merchandise trade surpluses were most pronounced among the East Asian economies (e.g. China), oil exporters (e.g.
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