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Issues of Fairness in International Trade Agreements

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Author Info

  • Andrew Brown
  • Robert Stern

    (Research Seminar in International Economics, University of Michigan)

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    Abstract

    In this paper, we first describe the characteristics of the World Trade Organization (WTO) that are the basis of the framework of the multilateral trading system. We then provide an overview of concepts of fairness in trade agreements. Thereafter, we offer a critique of the efficiency criterion in assessing multilateral trade agreements, taking issue with T.N. Srinivasan’s (2006) analysis and then elaborate on our conception of fairness as reflected in agreements covering market access. We also address considerations of distributive justice, in contrast with Srinivasan’s contention that distributive justice has no role to play in the design and negotiation of multilateral trade agreements. Finally, we question bilateral trade agreements from the standpoint of fairness, drawing on the example of the U.S. bilateral FTA negotiated in 2005 with Central America and the Dominican Republic.

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    File URL: http://www.fordschool.umich.edu/rsie/workingpapers/Papers551-575/r554.pdf
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    Bibliographic Info

    Paper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 554.

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    Length: 28 pages
    Date of creation: 2006
    Date of revision:
    Handle: RePEc:mie:wpaper:554

    Contact details of provider:
    Postal: ANN ARBOR MICHIGAN 48109
    Web page: http://www.fordschool.umich.edu/rsie/
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    Related research

    Keywords: Fairness; Equality of Opportunity; Distributive Equity;

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    Cited by:
    1. Brigid Gavin & Alice Sindzingre, 2009. "EU trade relations with Emerging Asia: identifying the issues," Asia Europe Journal, Springer, vol. 7(1), pages 9-22, February.

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