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The world trading system: Recent trends

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  • Funke, Norbert

Abstract

Tariffs no longer represent the most serious impediment to international trade. As the importance of tariffs in restricting free trade has been declining, non-tariff barriers are becoming increasingly important. The use of selected non-tariff barriers is analyzed, focusing on anti-dumping measures, voluntary export restraints, trade related investment measures, and trade related intellectual property rights. Coming multilateral negotiations will have to concentrate on non-tariff barriers. A first prerequisite for successful negotiations is to increase transparency of these instruments. Only if transparency is ensured, improved enforcement mechanisms can be implemented.

Suggested Citation

  • Funke, Norbert, 1994. "The world trading system: Recent trends," Kiel Working Papers 646, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:646
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    References listed on IDEAS

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