Failure of the WTO Ministerial Conference at Cancun: Reasons and Remedies
AbstractThis paper first discusses four general developments in the world trading system that have made it increasingly difficult in recent years for nations to reach multilateral agreements aimed at further liberalising international trade, namely: (1) the increased technical complexity and disruptive domestic economic effects of the issues being negotiated; (2) the shift in relative bargaining power among the negotiating participants in favour of the developing countries; (3) the proliferation of bilateral and regional free trade agreements in contrast to multilateral agreements, and (4) the increased emphasis on achieving 'fairness' rather than reciprocity in trade liberalisation. Differences in negotiating positions of the participants on the major specific negotiating subjects of the Doha Round, such as new rules covering investment, competition policy, government procurement policy, and trade facilitation, agricultural liberalisation, changes in anti-dumping and countervailing duty rules, the tariff-cutting rule to increase access to non-agricultural markets, and further liberalisation in the services sector, are then considered as well as the likelihood of reaching compromises on these matters. Finally, the possibilities of reaching acceptable balances of concessions and gains are considered for such key participants as the Group of 20 developing countries, the European Union, the United States and other industrial countries. Copyright 2006 The Author Journal compilation 2006 Blackwell Publishing Ltd .
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal World Economy.
Volume (Year): 29 (2006)
Issue (Month): 6 (06)
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- Robert E. Baldwin, 2004. "Failure of the WTO Ministerial Conference at Cancun: Reasons and Remedies," Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University d04-53, Institute of Economic Research, Hitotsubashi University.
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- Mehdi Abbas, 2011. "Mondialisation et développement. Quelle soutenabilité au régime de l'organisation mondiale du commerce ?," Post-Print, HAL halshs-00602996, HAL.
- Matthews, Alan, 2013. "DOHA Negotiations on Agriculture and Future of the WTO Multilateral Trade System," 135th Seminar, August 28-30, 2013, Belgrade, Serbia, European Association of Agricultural Economists 160370, European Association of Agricultural Economists.
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- Baldwin, Richard, 2006. "Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5775, C.E.P.R. Discussion Papers.
- Vivek Bhargava & Akash Dania, 2012. "Information dynamics effects from major world markets to SAARC nations," Journal of Economics and Finance, Springer, Springer, vol. 36(4), pages 850-867, October.
- Silvia Nenci & Pierluigi Montalbano, 2011. "Trade patterns and trade clusters: China, India, Brazil and South Africa in the global trading," Departmental Working Papers of Economics - University 'Roma Tre' 0125, Department of Economics - University Roma Tre.
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