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Symposium 2008

Solution for 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 syst ...

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?

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

This can be done through a combination of traditional reciprocal concessions, long transition periods to alleviate adjustment and compensation measures, if necessary financial compensation. Simplifying the negotiating agenda by including only issues directly related to trade in goods and services – possibly focusing only on market access issues to start with – might be one way to facilitate negotiations. A step-by-step approach could be considered, since initial reactions to a market-access-only approach might not be attractive  across the board.

    Related Solutions

    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