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Plurilateral Agreements : A Viable Alternative to the World Trade Organization?

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  • Michitaka Nakatomi

    (Asian Development Bank Institute (ADBI))

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    Abstract

    Looking back at the history of the World Trade Organization (WTO), major accords that have been reached under the multilateral framework to date are in substance issue-based “plurilateral†agreements. This paper looks at some specific examples of issue-based plurilateral agreements—such as the Information Technology Agreement (ITA), the Financial Services and Basic Telecommunication Services Agreements, and the Anti-Counterfeiting Trade Agreement (ACTA)—with the aim of pointing to the crucial role they can play in resolving the stalemate at the WTO and the Doha Round and the accelerating proliferation of free trade agreements (FTAs). Through analysis of their characteristics compared with the WTO and FTAs, the paper attempts to identify the potentials as well as legal and substantive constraints of issue-based plurilateral agreements. It also suggests possible areas where new plurilateral agreements—whether single or multiple issue-based—can be developed. The paper also highlights the importance of plurilateral agreements as a mechanism complementary to the WTO and FTAs in enhancing the governance of the global trade system, and outlines conditions that need to be fulfilled to address the needs of developing countries.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Governance Working Papers with number 23716.

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    Date of creation: Oct 2013
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    Handle: RePEc:eab:govern:23716

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    Related research

    Keywords: WTO; issue-based plurilateral agreements; the Information Technology Agreement (ITA); FTA; the Anti-Counterfeiting Trade Agreement (ACTA);

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