You are here: Home Knowledge Base Polity Reconsidering the International Trading System Solutions 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).
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?

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).

Contingent protection measures have become a major battlefield of protectionist interventions and create much damage to traders. Given the rapid growth in world trade and the rise of market penetration through imports (including trade in intermediates) in recent years, it is appropriate to raise the level of incurred damage to local producers through imports that are seen as “negligible.”

Furthermore, national cost-benefit tests should be extended to safeguard measures and should explicitly measure and consider the losses of private households and buyers of intermediates that would be incurred because of contingent protection measures.

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