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T20 Indonesia 2022 Policy Brief: Exploration Of New Methodologies And Configurations For An Effective Wto And To Strengthen The Multilateral Trading System

Author

Listed:
  • Rajeev Kher

    (Research and Information System for Developing Countries)

  • Arun S. Nair

    (Research and Information System for Developing Countries)

  • Mohamad D. Revindo

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Dandy Rafitrandi

    (Centre for Strategic and International Studies/CSIS)

  • Yoshua Caesar Justinus

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Yudhi Dharma Nauly

    (Indonesian Customs and Excise Training Center, Financial Education and Training Agency, Ministry of Finance)

  • Andreas Freytag

    (Schumpeter Center, Friedrich Schiller University Jena; University of Stellenbosch, STIAS, CESifo Research Network)

Abstract

The rules-based Multilateral Trading System (MTS) is in need of reforms. Reasons include the consensus principle leading to stuck negotiations as well as bilaterals and plurilaterals; and the WTO DSM stalemate hindering speedy resolution of trade frictions. To improve the WTO’s effectiveness, we suggest a hierarchical framework for plurilaterals to support developing nations. We also propose a comparative analysis of the major plurilateral bodies to improve the WTO’s consensus-based decision-making process. To strengthen the rules-based MTS, we propose a G20 pledge against discriminatory trade policies along with a mechanism facilitated by G20 and the regional blocs to effect WTO reforms.

Suggested Citation

  • Rajeev Kher & Arun S. Nair & Mohamad D. Revindo & Dandy Rafitrandi & Yoshua Caesar Justinus & Yudhi Dharma Nauly & Andreas Freytag, 2022. "T20 Indonesia 2022 Policy Brief: Exploration Of New Methodologies And Configurations For An Effective Wto And To Strengthen The Multilateral Trading System," T20 Indonesia 2022 Policy Brief 202202, LPEM T20 Indonesia, revised Feb 2022.
    • Handle: RePEc:lpe:t20ina:202202
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    References listed on IDEAS

    as
    1. Anabel González & Euijin Jung, 2020. "Developing Countries Can Help Restore the WTO's Dispute Settlement System," Policy Briefs PB20-1, Peterson Institute for International Economics.
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    More about this item

    Keywords

    mts — t20 — multilateral trading system — wto — indonesia — wto dsm;

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