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A China Round of Multilateral Trade Negotiations

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  • Aaditya Mattoo

    ()
    (World Bank)

  • Arvind Subramanian

    ()
    (Peterson Institute for International Economics)

Abstract

Until recently, the World Trade Organization (WTO) has been an eff ective framework for cooperation because it has continually adapted to changing economic realities. Th e current Doha Agenda is an aberration because it does not refl ect one of the biggest shifts in the international economic and trading system: the rise of China. Even though China will have a stake in maintaining trade openness, an initiative that builds on but redefi nes the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. First, a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broad non-discriminatory trading order.

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Bibliographic Info

Paper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP11-22.

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Date of creation: Dec 2011
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Handle: RePEc:iie:wpaper:wp11-22

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Keywords: China; trade; multilateralism; WTO; Doha Agenda;

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Cited by:
  1. Arvind Subramanian, 2013. "Preserving the Open Global Economic System: A Strategic Blueprint for China and the United States," Policy Briefs PB13-16, Peterson Institute for International Economics.
  2. Robert Wolfe, 2013. "First diagnose, then treat: what ails the Doha Round?," RSCAS Working Papers 2013/85, European University Institute.

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