Pay attention to the WTO leadership contest: It matters!

Bernard Hoekman, Petros C. Mavroidis 03 April 2013

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The Director-General race

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Topics:  International trade

Tags:  WTO, WTO Director-General, world trade governance

Emerging-economy trade policy has become more responsive to economic shocks under the WTO

Chad P Bown, Meredith Crowley 08 February 2013

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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. Temporary protection may facilitate trade liberalisation – just as easy firing can encourage hiring.

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Topics:  International trade

Tags:  WTO, antidumping, protectionism, temporary trade barriers

How much global trade governance should there be?

Simon Lester 20 January 2013

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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).

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Topics:  International trade

Tags:  WTO, RTAs, BITs, global supply chain

China’s pure exporter subsidies: Protectionism by exporting

Fabrice Defever, Alejandro Riaño 04 January 2013

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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. The EU joined the consultations shortly after on 28 September.

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Topics:  International trade

Tags:  China, WTO, trade, welfare

WTO 2.0: Global governance of supply-chain trade

Richard Baldwin,

Date Published

Sat, 12/22/2012

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http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_064.asp

CEPR Policy Insight No. 64 is available to download free of charge here.

Tags
WTO, global value chains, WTO 2.0, supply-chain trade

Global imbalances: What role for the WTO?

Juan A. Marchetti, Michele Ruta, Robert Teh 02 January 2013

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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. Saudi Arabia) and the ‘core’ Eurozone countries (e.g. Germany). The US and the Eurozone periphery countries had large and persistent deficits. While imbalances contracted after the crisis, they remained large both in absolute terms and in relation to GDP.

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Topics:  International trade

Tags:  WTO, trade, liberalisation, current account imbalances

WTO 2.0: Thinking ahead on global trade governance

Richard Baldwin 22 December 2012

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The cross-border flows of goods, investment, services, know-how and people associated with international production networks – call it ‘supply-chain trade’ for short – has transformed the world (Gereffi and Lee 2012). The WTO has not kept pace. It is time to change that, as I argue in CEPR Policy Insight No 64, posted today (Baldwin 2012). Before turning to the governance issue, consider the changes.

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Topics:  International trade

Tags:  WTO, global value chains, WTO 2.0, supply-chain trade

The surprise end game in global trade

Kati Suominen 20 December 2012

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With President Obama looking on, China orchestrated the launch of negotiations for a tripartite free trade deal with Korea and Japan during the recent East Asia Summit. But as much as China is assumed to be the new powerbroker in global commerce, Beijing’s moves are reactionary. The end game in world trade politics is controlled by the three economies that brokered deals also in the 20th century, i.e. the US, Japan, and the EU.

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Topics:  Global governance International trade

Tags:  WTO, free trade agreements, Trans-Pacific Partnership

Global trade in services: Fear, facts, and offshoring

J. Bradford Jensen 19 November 2012

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Should the US, or indeed the EU, Japan, Canada, or Australia, fear increased trade in services? As the ‘Really Good Friends of Services’ discussions gain momentum in Geneva, it seems an important time to ask1.

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Topics:  International trade

Tags:  global imbalances, WTO, international trade, protectionism

Non-tariff measures and the WTO

Marc Bacchetta, Cosimo Beverelli 31 July 2012

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Data limitations make it difficult to document general trends in the use of non-tariff measures. Nevertheless, WTO internal sources of information suggest that the incidence of ‘public policy’ measures – that is, technical barriers to trade (TBT) and sanitary and phytosanitary (SPS) measures – has been on the rise (on this and other protectionist measures see Evenett 2012).

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Topics:  International trade

Tags:  WTO, barriers to trade, GATT, protectionism, non-tariff measures

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