Supply chains, mega-regionals and the WTO: New CEPR book

Bernard Hoekman 19 May 2014

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In December 2013, WTO members struck a multilateral agreement at their ministerial meeting in Bali as part of the long-running Doha Round. The Bali Trade Facilitation Agreement – the first such agreements since the WTO was founded in 1995 – is important in demonstrating WTO members can ‘get to yes’ despite their differences. While trade facilitation will benefit traders around the globe, the basic challenge confronting WTO negotiators remains.

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Topics:  International trade

Tags:  WTO, supply chains, free-trade agreements

Hitting where it hurts: Retaliation requests in the WTO

Diego Bonomo 01 March 2014

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When a trade dispute being adjudicated in the WTO’s dispute settlement system reaches the end without resolution, the offended member country requests the right to retaliate – or as the diplomats call it – request the suspension of concessions and other obligations vis-à-vis the offender (Shadikhodjaev 2009).

From the WTO’s inception to the end of 2013, there have been 36 such requests related to 28 disputes. In five cases, typically with more than one dispute settlement number, there were multiple requests by different countries against a single offender. Those cases are:

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Topics:  International trade

Tags:  WTO, trade disputes, WTO retaliations

The WTO and the world trading system ‘post Bali’ – Part 2

Gary Horlick interviewed by Viv Davies,

Date Published

Fri, 01/31/2014

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See Also

Simon J Evenett, Alejandro Jara , Building on Bali: A Work Programme for the WTO, A Vox eBook, 18 December 2013.

Editor’s note: This is the second in a two-part series of Vox Talk interviews on the WTO ‘post Bali’. Part 1, posted last week, featured Alejandro Jara.

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Topics

Global governance International trade
Tags
WTO, trade, regional trade agreements, supply chains, Bali package, megaregionals

Related Article(s)

The WTO and the world trading system ‘post Bali’ – Part 1 Multilateralising 21st-century regionalism
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January 2014

The WTO and the world trading system ‘post Bali’ – Part 1

Alejandro Jara interviewed by Viv Davies,

Date Published

Sat, 01/25/2014

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See Also

Simon J Evenett, Alejandro Jara , Building on Bali: A Work Programme for the WTO, A Vox eBook, 18 December 2013.

Editor’s note: This is the first in a two-part series of Vox Talk interviews on the WTO ‘post Bali’. Part 2, featuring an interview with Gary Horlick, will be posted in a few days’ time.

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Topics

Global governance International trade
Tags
WTO, trade, regional trade agreements, supply chains, Bali package, megaregionals

Related Article(s)

Multilateralising 21st-century regionalism Global value chains, interdependence, and the future of trade Building on Bali: A new VoxEU eBook WTO agreement: The Bali Ribbon What prospects for a WTO deal in Bali? ‘Bilateral renaissance’ or multilateralism
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January 2014

Multilateralising 21st-century regionalism

Richard Baldwin 20 January 2014

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Trade and trade agreements used to be relatively simple. Trade primarily meant trade in ‘made-here-sold-there’ goods, so 20th-century regional and multilateral trade agreements dealt primarily with barriers to goods crossing borders – especially tariffs. For governments, the key purpose of trade and trade agreements was to help their firms sell things.

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Topics:  Global governance International trade

Tags:  WTO, trade, regional trade agreements, supply chains, harmonisation, global value chain, megaregionals, network effects

Global value chains, interdependence, and the future of trade

Pascal Lamy 18 December 2013

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Today, the expansion of global value or production chains means that most products or services are assembled with inputs from many countries. We may still think in terms of Ricardo’s world of trade between nations, but in reality most trade now takes place within globe-spanning multinational companies and their suppliers. The results of this ‘trade in tasks’ are all around us.

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Topics:  International trade

Tags:  WTO, trade, Doha, global supply chains, Bali, mega-regional negotiations

Building on Bali: A new VoxEU eBook

Simon J Evenett, Alejandro Jara 18 December 2013

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The successful conclusion of the Bali Ministerial Conference and its terrific reception in the international press and from government leaders means that the WTO now has the opportunity to restore its fortunes. Talk of the WTO’s demise as a negotiating forum has been set aside, at least for now. If the WTO membership takes the right decisions in the coming months concerning its near-term work programme, and assiduously follows up, then such talk might be banished for good.

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Topics:  International trade

Tags:  WTO, Bali package

WTO agreement: The Bali Ribbon

Richard Baldwin 12 December 2013

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Bali’s success got multilateralism out of the emergency room and into the intensive care unit – but we don’t know whether the operation was a success. The Bali package is only distantly related to the heart of the 2001 agenda (WTO 2013). Indeed, the ‘Bali Package’ should really be called the ‘Bali Ribbon’ since very large parts of it were already being implemented unilaterally by members (Meltzer 2013).

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Topics:  Global governance International trade

Tags:  WTO, trade, Doha, multilateralism, regional trade agreements, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership, Bali, mega-regional negotiations

Ukraine’s trade policy: Addressing supply-chain frictions

Bernard Hoekman, Jesper Jensen, David Tarr 29 November 2013

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On November 21 2013, Ukraine suspended preparations for signing the Deep and Comprehensive Free Trade Agreement (DCFTA) with the European Union (EU) at the Third EU-Eastern Partnership Summit in Vilnius on November 28-29. In 2010, the Russian Federation, Belarus and Kazakhstan formed the Eurasian Customs Union (ECU) and have invited Ukraine to become a member. This has become a politically charged issue, generating great uncertainty that is likely to have negative consequences for investment and economic activity (see Handley and Limão 2013, Shepotylo 2013).

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Topics:  EU institutions International trade

Tags:  WTO, barriers to trade, FTAs, global supply chain, Ukraine

Does policy uncertainty reduce economic activity? Insights and evidence from large trade reforms

Kyle Handley, Nuno Limão 23 November 2013

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The impact of policy uncertainty on economic activity is an issue traditionally associated with developing countries. Since 2008, however, the spotlight has shifted. Governments’ responses to the Great Recession and the Eurozone crisis have raised considerable uncertainty about the future policies of advanced economies. Examples include the timing and size of financial bailouts, government expenditures, and the risk of sovereign-debt default. These crises have also heightened trade policy uncertainty.

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Topics:  International trade

Tags:  US, China, WTO, trade, uncertainty, Great Recession, Eurozone crisis

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