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Argumente für und wider die Reziprozität in der WTO – Die Reziprozität als merkantilistisches Erbe in der geltenden Welthandelsordnung / The merits of reciprocity in the WTO

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  • Senti Richard

Abstract

Reciprocity is one of the main features of the current world trade system. Other principles of the system, as anchored in the World Trade Organisation (WTO), include most favoured nation and national treatment. This contribution addresses the question as to whether a negotiating strategy based on reciprocity is in conflict with a world trade system founded on principles of equality and mutuality. Adopting a reciprocal approach allows the stronger negotiating partner to succeed in relation to its own goals and to grow - all at the cost of the weaker negotiating partner. The first part examines the various definitions of reciprocity and shows how the principle has moved through the Cordell Hull programme into the General Agreement on Tariffs and Trade (GATT) and its successor organisation, the WTO. The conclusion offered from the analysis is to the effect that reciprocity, as rooted in the WTO, cannot be justified, whether on an economic basis or on a foreign trade basis, and that it shows elements of mercantilism. The only people who support negotiations through which the thread of reciprocity flows, are politicians and diplomats. The article concludes with the proposal that the principle of reciprocity should be removed from the WTO arena.

Suggested Citation

  • Senti Richard, 2006. "Argumente für und wider die Reziprozität in der WTO – Die Reziprozität als merkantilistisches Erbe in der geltenden Welthandelsordnung / The merits of reciprocity in the WTO," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 57(1), pages 315-340, January.
    • Handle: RePEc:bpj:ordojb:v:57:y:2006:i:1:p:315-340:n:18
    DOI: 10.1515/ordo-2006-0118
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    1. Rhodes, Carolyn, 1989. "Reciprocity in trade: the utility of a bargaining strategy," International Organization, Cambridge University Press, vol. 43(2), pages 273-299, April.
    2. Keohane, Robert O., 1986. "Reciprocity in international relations," International Organization, Cambridge University Press, vol. 40(1), pages 1-27, January.
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