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Sustaining Multilateral Trade Cooperation in a Multipolar World Economy

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  • Bernard Hoekman

Abstract

The deadlock in the WTO Doha Round has been accompanied by an increased focus on the negotiation of preferential trade agreements, including so-called ‘mega-regionals’. This paper discusses possible implications for—and possible responses by—excluded countries that have little prospects of participating in most of the mega-regionals. A number of complementary avenues are identified through which such countries might attenuate the potential downsides of preferential trade liberalization among large countries, as well some proposals that would expand the scope to pursue cooperation on regulatory policies in the WTO as opposed to PTAs.

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File URL: http://cadmus.eui.eu/bitstream/handle/1814/28962/RSCAS_2013_86.pdf?sequence=1
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File URL: http://hdl.handle.net/1814/28962
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Bibliographic Info

Paper provided by European University Institute in its series RSCAS Working Papers with number 2013/86.

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Date of creation: Dec 2013
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Handle: RePEc:rsc:rsceui:2013/86

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Related research

Keywords: Multilateral cooperation; trade agreements; regional integration; developing countries; WTO;

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  1. Laborde, David & Martin, Will & van der Mensbrugghe, Dominique, 2011. "Implications of the Doha market access proposals for developing countries," Policy Research Working Paper Series 5679, The World Bank.
  2. Miroudot, Sebastien & Shepherd, Ben, 2012. "The paradox of “preferences”: regional trade agreements and trade costs in services," MPRA Paper 41090, University Library of Munich, Germany.
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  7. Bernard M. Hoekman & Aaditya Mattoo, 2013. "Liberalizing Trade in Services: Lessons from Regional and WTO Negotiations," RSCAS Working Papers 2013/34, European University Institute.
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  9. Hoekman, Bernard & Martin, Will & Mattoo, Aaditya, 2010. "Conclude Doha: It Matters!," CEPR Discussion Papers 7788, C.E.P.R. Discussion Papers.
  10. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
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  12. Hiau LooiKee & Alessandro Nicita & Marcelo Olarreaga, 2009. "Estimating Trade Restrictiveness Indices," Economic Journal, Royal Economic Society, vol. 119(534), pages 172-199, 01.
  13. Caroline Freund & Emanuel Ornelas, 2010. "Regional trade agreements: blessing or burden?," CentrePiece - The Magazine for Economic Performance 313, Centre for Economic Performance, LSE.
  14. Razeen Sally & Rahul Sen, 2011. "Trade Policies in Southeast Asia in the Wider Asian Perspective," The World Economy, Wiley Blackwell, vol. 34(4), pages 568-601, 04.
  15. Caroline Freund, 2010. "Third‐country Effects of Regional Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1589-1605, November.
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