Understanding the GATT’s wins and the WTO’s woes

Richard Baldwin,

Date Published

Sat, 06/05/2010

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International trade

URL

http://www.cepr.org/pubs/PolicyInsights/PolicyInsight49.pdf
Tags
WTO, Doha Round, international trade

Settling WTO disputes without solving the problem: Abusing compensation

Simon J Evenett, Alejandro Jara 09 December 2014

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The WTO Dispute Settlement Understanding came into effect in 1995. After 400 disputes between WTO members had been addressed, the then Director-General of the WTO, Pascal Lamy, declared “The dispute settlement system is widely considered to be the jewel in the crown of the WTO” (Lamy 2009). He went on to argue that “No trade negotiator enters a negotiation without some assurance that the agreements he negotiates will be underpinned by a credible dispute settlement system” (Lamy 2009).

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Topics:  International trade

Tags:  WTO, dispute settlement

APEC and the ‘battle of free trade agreements’

Jayant Menon 10 November 2014

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The race is on between the US and China to dominate the rules-setting game for trade by being the first to be able to announce plans for a free trade area in the Pacific Rim. China hopes to use its position as this year’s chair of the Asia-Pacific Economic Cooperation (APEC) forum to propose a feasibility study on a Free Trade Agreement for the Asia-Pacific (FTAAP), first mooted in 2006.  In other words, negotiations towards an FTAAP that would cover more than 60 percent of the world economy would commence, for all practical purposes.

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Topics:  International trade

Tags:  TPP, TTIP, WTO, multilateralisation

G20 credibility depends on its trade agenda: Statement of the participants in the Third EU-Asia Roundtable

Bernard Hoekman, Christopher Findlay 24 September 2014

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This statement reflects the outcome of an annual trade policy meeting of research institutes in the EU and Asia-Pacific. The roundtable was held in the EU Centre for Global Affairs, University of Adelaide, on August 22, 2014. Given that Australia is hosting the G20 Summit in November, the roundtable focused on actions in the trade area that the G20 should consider to help attain its objective of boosting global growth performance.

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Topics:  International trade

Tags:  EU-Asia Rountable, World Trading System, WTO, Act on Trade Facilitation, G20

Three new leaders face the challenge of food and fuel subsidies: Sisi, Modi, and Jokowi

Jeffrey Frankel 09 September 2014

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In few policy areas does good economics conflict so dramatically with good politics as in the practice of subsidies to food and energy. Economics textbooks explain that these subsidies are lose-lose policies. In the political world, that can sound like an ivory tower abstraction. But the issue of unaffordable subsidies happens to be front and centre politically this summer, in a number of places around the world. Three major new leaders in particular are facing this challenge: Sisi in Egypt, Jokowi in Indonesia, and Modi in India.

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Topics:  Development Energy Politics and economics Poverty and income inequality

Tags:  subsidies, fuel subsidies, food subsidies, Agriculture, energy, Egypt, Indonesia, India, Poverty, environment, trade, WTO, Doha Round, Bali

WTO trade disputes, big and small

Chad P Bown, Kara M. Reynolds 10 August 2014

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WTO disputes are now a media mainstay. During one week-long stretch in May, reporters from The New York Times, Wall Street Journal, Financial Times, Le Monde, Frankfurter Allgemeine, and even USA Today published articles about ongoing disputes.

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Topics:  International trade

Tags:  WTO, dispute settlement, trade law

Members only: Embracing diversity in the WTO

Bernard Hoekman, Petros C. Mavroidis 16 July 2014

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WTO and … ‘clubs’

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Topics:  International trade

Tags:  WTO, trade liberalisation, plurilateral agreements, PTAs

Why the US and EU are failing to set information free

Susan Ariel Aaronson 14 July 2014

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Tim Berners-Lee, the architect of the World Wide Web, taught us that the internet we have is a function of the choices we (users, companies, policymakers, etc.) make about information flows. For example, in 1995, Berners-Lee chose not to patent his work on the World Wide Web because he feared patenting it could limit its universality and openness. He continues to advocate this. In March 2014, he called for an online bill of rights and created a new organisation to ensure that the web would remain the “web we want” – open, free, and neutral.

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Topics:  EU policies Global governance International trade

Tags:  US, EU, WTO, information technology, trade, technology, internet, Human rights, national security, Information, free trade agreements, data protection, privacy

Mega-regionals and the mega-mess: A way out

Jayant Menon 09 June 2014

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Jagdish Bhagwati (1991) famously described the maze of overlapping free trade agreements (FTAs) as akin to a ‘spaghetti bowl’. Several decades later, with the rise of mega-regionals like the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership (TPP), the fragmentation of the world trade system more closely resembles a jigsaw puzzle. How do we solve this mess? One approach being pursued is to consolidate bilateral FTAs into regional blocs, and then to try and link the blocs up globally – or at least hope that they will eventually.

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Topics:  Global governance International trade

Tags:  WTO, trade liberalisation, trade, reciprocity, free trade agreements, Trans-Pacific Partnership, multilateralisation of preferences, mega-regionals, Regional Comprehensive Economic Partnership

TTIP, the multilateral trading system and Latin American countries

Anabel González 29 May 2014

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A lot is happening in trade negotiations in almost every corner of the world. Countries have been quite active at the bilateral and regional levels for some time – the WTO has been notified of 432 regional trade agreements.

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Topics:  International trade

Tags:  WTO, free-trade agreements, TPP, TTIP

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