Trump & Trade: The Crisis in the Multilateral Trading System

2021 ◽  
Author(s):  
Kristen Hopewell
Keyword(s):  
Trading System ◽  
Multilateral Trading System ◽  
The Multilateral Trading System

scholarly journals Competing Regionalism – Patterns, Economic Impact and Implications for the Multilateral Trading System

2007 ◽  
Vol 42 (5) ◽  
pp. 236-259 ◽  
Author(s):  
Stephen Woolcock ◽  
Claude Barfield ◽  
Donald MacLaren ◽  
Georg Koopmann
Keyword(s):  
Economic Impact ◽  
Trading System ◽  
Multilateral Trading System ◽  
The Multilateral Trading System

scholarly journals Will International Rules on Subsidies Disrupt the World Trading System?

2006 ◽  
Vol 96 (3) ◽  
pp. 877-895 ◽  
Author(s):  
Kyle Bagwell ◽  
Robert W Staiger
Keyword(s):  
Market Access ◽  
Formal Analysis ◽  
Trading System ◽  
Domestic Production ◽  
Multilateral Trading System ◽  
The World ◽  
World Trading System ◽  
The Creation ◽  
The Impact ◽  
The Multilateral Trading System

We provide a first formal analysis of the international rules that govern the use of subsidies to domestic production. Our analysis highlights the impact of the new subsidy disciplines that were added to GATT rules with the creation of the WTO. While GATT subsidy rules were typically viewed as weak and inadequate, our results suggest that the key changes introduced by the WTO subsidy rules may ultimately do more harm than good to the multilateral trading system by undermining the ability of tariff negotiations to serve as the mechanism for expanding market access to more efficient levels.

scholarly journals WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS

2016 ◽  
pp. 239-248
Author(s):  
T. M. Isachenko
Keyword(s):  
World Trade ◽  
Market Access ◽  
Innovative Development ◽  
International Division ◽  
Trading System ◽  
Multilateral Trading System ◽  
The World ◽  
Key Issues ◽  
Main Regulator ◽  
The Multilateral Trading System

Maximizing the benefits of international division of labor and sharing the achievements of innovative development is possible only with the existence of a strict system of rules and regulations. Such system would enable fair regulation of international trade, ensure the transparency of market access and make it possible to challenge discriminatory measures, as well as to maintain certain measures to protect the interests of domestic producers. The creation of the multilateral trading system has started with the General Agreement on Tariffs and Trade (GATT) and was subsequently developed in the documents and codes, the decisions of the negotiating rounds. Since 1995, a set of rules of the World Trade Organization (WTO) became the basis of the multilateral trading system. All rules are worked out at the multilateral level. However, in recent years the negotiations within the WTO has slowed down, that affected the quality and speed of decision-making on key issues of global development. That provokes the discussion it on a certain crisis of the WTO as the main regulator of world trade, and therefore the need to provide both institutional and substantive reforms.

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