The G20 and the global trading system : leveraging the Asia-pacific experience
Title: The G20 and the global trading system : leveraging the Asia-pacific experience
Author: HOEKMAN, Bernard M.
Series/Number: EUI RSCAS PP; 2014/09; Global Governance Programme; Global Economics
There is a growing disconnect between the need to bolster the multilateral trading system and the willingness of the world’s major economies to cooperate to do so. Concerted action on trade reform can help to support the process of global rebalancing and improve growth performance. Rather than repeat past calls to complete the WTO Doha round talks and refrain from protectionist actions, the G20 should build on the experience of the East Asia and Pacific region and commit to a specific trade cost reduction target and support greater plurilateral cooperation on regulatory matters under the umbrella of the WTO.
Subject: G20; Trade costs; Growth; APEC; WTO
Type of Access: openAccess