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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?

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

The dispute settlement mechanism (DSM) has become an important asset of the WTO. But the party who is entitled to retaliate often suffers from deliberate delay strategies of the party who was found violating rules. This can be changed by options of cash compensation to aggrieved member states where compliance with DSM decisions is found unjustifiably delayed and by introducing rights of class actions (groups of countries can invoke the DSM).

    Related 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