You are here: Home Knowledge Base Polity Reconsidering the International Trading System
Symposium 2008

Reconsidering the International Trading System

The Challenge

How can the international trading system be brought back onto its past successful track? By making the actual levels of liberalization binding and anchoring non-discrimination everywhere in the system or by striving for a low level of trade barriers? How can the system be strengthened against emerging threats of protectionism?

Do we need a pause in today’s liberalization talks and instead concentrate on agreeing on formulas for future liberalization and - even more important - on simple formulas for exceptions from WTO principles? What is the right balance between regionalism and multilateralism? Do reforms require compensation of losers inside the system or outside?

What are the problems that businesses in the current international trading system and how can these problems be alleviated within the existing institutional system?

    Solutions

    Solution
    Symposium 2008

    Focus the international trading system on the core task of facilitating market access in industrial goods, services and agriculture through lowering border barriers.

    Focus the international trading system on the core task of facilitating market access in industrial goods, services and agriculture through lowering border barriers.

    Focus the international trading system on the core task of facilitating market access in industrial goods, services and agriculture through lowering border barriers.

    Polity
    Solution
    Symposium 2008

    Contain the mushrooming of regional and bilateral trade agreements by stricter rules for compliance with non-discrimination principles.

    Contain the mushrooming of regional and bilateral trade agreements by stricter rules for compliance with non-discrimination principles.

    Contain the mushrooming of regional and bilateral trade agreements by stricter rules for compliance with non-discrimination principles.

    Polity
    Solution
    Symposium 2008

    Raise the thresholds required for implementing contingent protectionist measures (such as safeguard measures, dumping and subsidies), as well as quantifying the costs to consumers (for example, through a public benefit clause).

    Raise the thresholds required for implementing contingent protectionist measures (such as safeguard measures, dumping and subsidies), as well as quantifying the costs to consumers (for example, thro ...

    Raise the thresholds required for implementing contingent protectionist measures (such as safeguard measures, dumping and subsidies), as well as quantifying the costs to consumers (for example, through a public benefit clause).

    Polity, Academia, Civil Society
    Solution
    Symposium 2008

    Sharpen the WTO´s dispute settlement mechanism through introducing options of cash compensation and rights of class actions.

    Sharpen the WTO´s dispute settlement mechanism through introducing options of cash compensation and rights of class actions.

    Sharpen the WTO´s dispute settlement mechanism through introducing options of cash compensation and rights of class actions.

    Polity, Civil Society

    Proposals

    Proposal
    Symposium 2008

    Reconsidering the international trading system

    Reconsidering the International Trading SystemPatrick A. Messerlin Proposed diagnosticIt consists in a few observations on domestic issues key for the world trading system because they determine the s ...

    Reconsidering the International Trading SystemPatrick A. Messerlin Proposed diagnosticIt consists in a few observations on domestic issues key for the world trading system because they determine the strength of the incentives in favor to trade liberalization. trade negotiators have only recently started to tackle liberalization issues (agriculture) protected by constitutional rules in key democratic trading countries. the last twenty years have witnessed increasingly thinner majorities supporting democratic governments, making their trade policy less resistant to tiny pressure groups and slowing down trade negotiations. preferential trade agreement (which share the above problems with the multilateral regime) have benefitted from a priori

    Polity
    Proposal
    Symposium 2008

    Reconsidering the International Trading System

    Global Economic Symposium Anne O. Krueger September 5 2009 Reconsidering the International Trading System It is obviously desirable to bring tariffs and other trade barriers down AND to bind tariffs a ...

    Global Economic Symposium Anne O. Krueger September 5 2009 Reconsidering the International Trading System It is obviously desirable to bring tariffs and other trade barriers down AND to bind tariffs at the new low levels or their actual levels, rather than having much higher bindings. But the only way that can be done is in the context of multilateral trade negotiations. So the question being asked is really how to get the Doha Round back on track. Clearly, that is a matter for agreement among the major trading countries, and it would appear that agreement was fairly close at

    Polity, Academia, Business, Civil Society
    Proposal
    Symposium 2008

    DR SUPACHAI PANICHPAKDI'S AND UNCTAD'S THOUGHTS ON THE QUESTIONS POSED

    1. … world trade has grown almost twice as fast as world GDP over recent decades. It seems free trade is at work. Why do we need more regulation for more freedom? First, regarding the statement that ...

    1. … world trade has grown almost twice as fast as world GDP over recent decades. It seems free trade is at work. Why do we need more regulation for more freedom? First, regarding the statement that "free trade is at work": While trade growth has outpaced world GDP growth overall, trade still has a way to go to become 'free' and fair. For example: The integration of the least developed countries (LDCs) into global trade is still constrained by their dependence on primary agricultural products and natural resources and by low value-addition and low technology application in

    Polity, Civil Society
    Proposal
    Symposium 2008

    Reconsidering the International Trading System

    The International Trading System is challenged by three interrelated developments: increasing hetereogeneity of its more than 150 members; conflicting targets between non-discrimination and distributi ...

    The International Trading System is challenged by three interrelated developments: increasing hetereogeneity of its more than 150 members; conflicting targets between non-discrimination and distributional fairness; and the inability to conclude agreements. Answers to these challenges should focus on regaining the reputation of the International Trading System as the only global regulatory order which defends non-discrimination and less powerful member states against the pressure of vested interest groups and powerful members. Special treatment of countries and sectors should be deleted and be replaced by subsidies and transfers. The single undertaking approach should be replaced by agreements on core issues that facilitate

    Polity