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Plurilateral cooperation as an alternative to trade agreements : innovating one domain at a time
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1028-3625
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EUI RSCAS; 2021/01; Global Governance Programme-429; [Global Economics]
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HOEKMAN, Bernard M., SABEL, Charles, Plurilateral cooperation as an alternative to trade agreements : innovating one domain at a time, EUI RSCAS, 2021/01, Global Governance Programme-429, [Global Economics] - https://hdl.handle.net/1814/69578
Abstract
At the end of 2017 different groups of WTO members decided to launch talks on four subjects, setting aside the WTO consensus working practice. This paper argues that these ‘joint statement initiatives’ (JSIs) should seek to establish open plurilateral agreements (OPAs) even in instances where the outcome can be incorporated into existing schedules of commitments of participating WTO members. Designing agreements as OPAs provides an institutional framework for collaboration among the responsible national authorities, transparency, mutual review, and learning, as well as alternatives to default WTO dispute settlement procedures which may not be appropriate for supporting cooperation on the matters addressed by the JSIs. In parallel, WTO members should establish enforceable multilateral principles to ensure OPAs are compatible with an open global trade regime.
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Support from the Bertelsmann Stiftung (Sabel) and the European Union's Horizon 2020 research and innovation program under grant agreement No 770680 (RESPECT) (Hoekman) is gratefully acknowledged.