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China and WTO Reform

Author

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  • Bernard Hoekman
  • Xinquan Tu
  • Robert Wolfe

Abstract

China, the EU and the U.S. are the world’s largest traders, and many of the tensions in the trading system arise in the relations among them. Our premise is that reforming WTO is a necessary condition for the organization to be a more salient forum for the three large economies to address trade tensions, and that agreement among these three trade powers in turn is necessary to resolve the problems of the WTO. After a brief discussion of the global challenges that ought to be on the WTO agenda and of the systemic context, we discuss both how China understands WTO reform, and how the other two leading powers see the China problem in the WTO. We consider how the three see transparency, plurilateral negotiations, economic development differences, fisheries and industrial subsidies, WTO working practices, and dispute settlement. We conclude by considering the implications of our analysis for fostering cooperation between the three major trade powers in the WTO.

Suggested Citation

  • Bernard Hoekman & Xinquan Tu & Robert Wolfe, 2022. "China and WTO Reform," RSCAS Working Papers 2022/59, European University Institute.
    • Handle: RePEc:rsc:rsceui:2022/59
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    References listed on IDEAS

    as
    1. Bernard Hoekman & Douglas Nelson, 2020. "Rethinking international subsidy rules," The World Economy, Wiley Blackwell, vol. 43(12), pages 3104-3132, December.
    2. Fiorini, Matteo & Mavroidis, Petros C. & Saluste, Maarja & Wolfe, Robert, 2020. "WTO Dispute Settlement and the Appellate Body: Insider perceptions and Members’ revealed preferences," CEPR Discussion Papers 14834, C.E.P.R. Discussion Papers.
    3. Bernard Hoekman & Robert Wolfe, 2021. "Reforming the World Trade Organization: Practitioner Perspectives from China, the EU, and the US," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(4), pages 1-34, July.
    4. Bernard Hoekman & Petros C. Mavroidis, 2021. "WTO Reform: Back to the Past to Build for the Future," Global Policy, London School of Economics and Political Science, vol. 12(S3), pages 5-12, April.
    5. Matteo Fiorini & Bernard Hoekman & Petros C. Mavroidis & Douglas Nelson & Robert Wolfe, 2021. "Stakeholder Preferences and Priorities for the Next WTO Director General," Global Policy, London School of Economics and Political Science, vol. 12(S3), pages 13-22, April.
    6. Bernard M. Hoekman & Petros C. Mavroidis, 2020. "To AB or Not to AB? Dispute Settlement in WTO Reform," RSCAS Working Papers 2020/34, European University Institute.
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    Keywords

    All the best; World Trade Organization; China; policy spillovers; trade conflict; multilateral cooperation; WTO reform; trade agreements; dispute settlement;
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