Open Access
WTO reform priorities post-COVID-19
Loading...
Files
HOEKMAN_2020.pdf (384.07 KB)
Full-text in Open Access
License
Attribution 4.0 International
Access Rights
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
2508-1640; 2508-1667
Issue Date
Type of Publication
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Author(s)
Citation
East Asian economic review, 2020, Vol 24., No. 4, pp. 337-348
[Global Governance Programme]; [Global Economics]
Cite
HOEKMAN, Bernard M., WTO reform priorities post-COVID-19, East Asian economic review, 2020, Vol 24., No. 4, pp. 337-348, [Global Governance Programme], [Global Economics] - https://hdl.handle.net/1814/69871
Abstract
Although the WTO has fulfilled several key tasks it was set up to do – providing periodic reviews of members’ trade policies, resolving disputes, supporting negotiations – with the notable exceptions of the Trade Facilitation and Information Technology agreements, WTO members have not been able to negotiate new rules on “bread and butter” trade policies. The importance of doing so was illustrated by the COVID-19 pandemic which saw widespread uncoordinated recourse to trade policy instruments. This paper highlights four reforms that would bolster the effectiveness of the WTO as a forum for trade cooperation: (1) improving collection and reporting of information on trade-related policies; (2) supporting analysis-informed deliberation to establish a common understanding of the need and scope for cooperation in specific policy areas; (3) putting in place a stronger multilateral governance framework for plurilateral cooperation between groups of WTO members; and (4) reestablishing an effective dispute settlement system.
Table of Contents
Additional Information
First published online: 30 December 2020