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Recent Trends In The Global Trading System

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  • Agnes Ghibuţiu

Abstract

This paper examines the main developments in the international trading system in 2015, andaims to disentangle their significance and consequences through the lens of the global trading systemgoverned by the World Trade Organization (WTO). Its focus is on four issues, namely: (1) the outcomeof the Tenth WTO Ministerial Conference in December 2015 and its relevance for enhancing themultilateral trading system; (2) the speed-up of plurilateral negotiations within and outside the WTO,as an alternative for multilateral trade talks; (3) the increasing tensions among nations in the contextof soaring trade protectionism; and (4) the unabated drive towards concluding new regional tradeagreements (RTAs). The paper concludes that the outlook for multilateral trade liberalization remainsgloomy, with the global trading system becoming less coherent and more uncertain, which bearsheavily upon the prospects of resuming multilateral cooperation among nations in trade matters.

Suggested Citation

  • Agnes Ghibuţiu, 2016. "Recent Trends In The Global Trading System," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 12.
    • Handle: RePEc:iem:imptrs:v:12:y:2016:id:2822000009619011
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    File URL: http://www.iem.ro/rem/index.php/itset/article/view/264/333
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    More about this item

    Keywords

    global trading system; trade policy; World Trade Organization (WTO); Doha Round; regional trade agreements (RTAs); plurilateral trade agreements; trade protectionism;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F18 - International Economics - - Trade - - - Trade and Environment
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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