Author: Kenji Takamiya Publisher: Palgrave Macmillan ISBN: 9789811391613 Category : Business & Economics Languages : en Pages : 353
Book Description
The book sheds light on trade policies of developing economies that joined the multilateral trading system after establishment of the World Trade Organization (WTO) in 1995, once known as the recently acceded members (RAMs). Its detailed case studies on Georgia, the People’s Republic of China, Viet Nam and Ecuador examine their engagement in accession and Doha Round negotiations and, where relevant, dispute settlement at the WTO. Using the economic theories of trade agreements and negotiations as a guide for intellectual inquiries, this book assesses motivations accounting for the RAMs’ evolving behaviors in the multilateral trading system. The first two chapters present background and overview, followed by four chapters on country-specific case studies. The book is concluded with the last chapter that provides one possible explanation of why the Doha Round has been faced with deadlocks while accession and dispute settlement have been working effectively.
Author: Dylan Geraets Publisher: Edward Elgar Publishing ISBN: 1788112598 Category : Business & Economics Languages : en Pages : 360
Book Description
This detailed and perceptive book examines the extent and scope of how rules for accession to the WTO may vary between countries, approaching the concerns that some countries enter with a better deal than others. Dylan Geraets critiques these additional ‘rules’ and aims to answer the question of whether new Members of the WTO are under stricter rules than the original Members, whilst analysing the accession process to the multilateral trading system.
Author: Constantine Michalopoulos Publisher: World Bank Publications ISBN: Category : Baltic States Languages : en Pages : 32
Book Description
June 1998 Accession to the World Trade Organization should be expedited, and the processing time for applications reduced to no more than two years. This would enable the WTO to achieve universal membership in the next five years, a worthwhile objective for the international community. Countries in transition have considered membership in the World Trade Organization (WTO) an important step toward integration in the international economic system. After several years of negotiations, five members of the former Soviet Union (FSU)-Armenia, the three Baltic countries, and the Kyrgyz Republic-may become members in 1998. It will probably take longer for Russia, Ukraine, and some others. It takes four to five years to process applications for FSU countries-which is close to average for recent applicants. The five countries expected to accede to the WTO this year are among the more liberal members of the FSU. With those five processed, there will be a backlog of another 26 applications, most them countries in transition, including China and Russia. At the current rate of processing, it will take five to six years to process them-and a decade or more for the 25 or so developing and transition economies that have yet to apply. Processing is time-consuming because: * Legislative requirements needed for accession are time-consuming. * Candidate countries are weak institutionally and unfamiliar with the economic and legal issues to be addressed. * The fact finding process is unneccessarily cumbersome and time-consuming. * Technical assistance to applicants in meeting the requirements for WTO accession is not effectively coordinated. * Addressing the commercial interests of all members requires protracted negotiations. Governments seeking accession must coordinate the legislative and regulatory changes needed in their foreign trade regimes, adopt liberal trade policies, and identify areas of institutional weakness that require delays in implementation of WTO provisions and seek agreement on such delays. WTO members, for their part, should expedite the process, as universal membership is in everyone's best interest. They should: * Agree to suitable, time-bound extensions to allow acceding governments to address institutional weaknesses. * Provide coordinated assistance to acceding countries to strengthen their institutional capacity. * Streamline the fact finding aspects of the accession process and give the WTO secretariat the budgetary resources it needs to work with applicant governments for this purpose. This paper is part of a larger effort of the World Bank to collaborate with the World Trade Organization in developing approaches for the more effective integration of the developing countries and transition economies in the international trading system. The author may be contacted at [email protected].
Author: Uri Dadush Publisher: Cambridge University Press ISBN: 1107093368 Category : Law Languages : en Pages : 1015
Book Description
An examination of how WTO accession negotiations have expanded the reach of the multilateral trading system both geographically and conceptually.
Author: Petros C. Mavroidis Publisher: Princeton University Press ISBN: 0691206597 Category : Business & Economics Languages : en Pages : 262
Book Description
"China's accession to the World Trade Organisation (WTO) in 2001 was hailed as the natural conclusion of a long march that started with the reforms introduced by Deng Xiaoping in the 1970s. However, China's participation in the WTO since joining has been anything but smooth, and its self-proclaimed "socialist market economy" system has alienated many of its global trading partners - as recent tensions with the United States exemplify. Prevailing diplomatic attitudes tend to focus on two diametrically opposing approaches to dealing with the emerging problems: the first is to demand that China completely overhaul its economic regime; the second is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic and incompatible. In this book, Mavroidis and Sapir propose a third approach. They point out that, while the WTO (as well as its predecessor, the General Agreement on Tariffs and Trade [GATT]) has previously managed the accession of socialist countries or of big trading nations, it has never before dealt with a country as large or as powerful as China. Therefore, in order to simultaneously uphold its core principles and accommodate China's unique geopolitical position, the authors argue that the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Focusing on two core complaints - that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies (both private as well as SOEs) impose forced technology transfer on foreign companies as a condition for accessing the Chinese market - they lay out their specific proposals for successful legislative amendment"--.
Author: Craig VanGrasstek Publisher: ISBN: Category : Business & Economics Languages : en Pages : 704
Book Description
This comprehensive account of the establishment of the WTO focuses on those who shaped its creation as well as those who have influenced its evolution. It also examines trade negotiations, the WTO's dispute settlement role, the process of joining, and what lies ahead for the organization.
Author: Thilo Rensmann Publisher: Springer ISBN: 3319566636 Category : Law Languages : en Pages : 376
Book Description
This book provides an in-depth analysis of "Mega-Regionals", the new generation of trans-regional free-trade agreements (FTAs) currently under negotiation, and their effect on the future of international economic law. The main focus centres on the EU-US Transatlantic Trade and Investment Partnership (TTIP), the Trans-Pacific Partnership (TPP) and the EU-Canada Comprehensive Economic and Trade Agreement (CETA), but the findings are also applicable to similar agreements under negotiation, such as the Regional Comprehensive Economic Partnership (RCEP).The specific features of Mega-Regional Trade Agreements raise a number of issues with respect to their potential effect on the current system of international trade and investment law. These include the consequences of Mega-Regionals for the most-favoured-nation (MFN) principle, their relation to the multilateral system of the World Trade Organization (WTO), their democratic legitimacy and their interaction with existing bilateral investment treaties (BITs).The book is intended for academics and practitioners working in the field of international economic law.
Author: Tewachew Alem Publisher: GRIN Verlag ISBN: 3346081370 Category : Business & Economics Languages : en Pages : 43
Book Description
Seminar paper from the year 2019 in the subject Business economics - Trade and Distribution, grade: A, Bahria University (School of Law), language: English, abstract: The objective of this paper is to present a survey of trade issues in WTO membership from the perspective of developing countries putting Ethiopia in focus. Developing countries are a large percentage of the World Trade Organization (WTO) membership, in which Ethiopia is on process of acquiring membership. Trade liberalization may be unilateral, bilateral, sub-regional or multilateral. The end of the cold war has witnessed an increasingly growing wave of unilateral trade liberalization accompanied by a regulatory framework that facilitates and enhances the momentum. Although the impact of unilateral trade liberalization undertaken in many countries including Ethiopia deserves discussion, the theme of this article has necessitated focus on multilateral trade liberalization under the WTO system. As LDC, Ethiopia is likely to be given some flexibility in assuming liberalization commitments. However, it will be asked to agree to some threshold of liberalization, and it is important for Ethiopia to be prepared to undertake commitments and develop a negotiation strategy that protects its interests. In addition, to respond effectively to the requests of WTO members, it is indispensable for the government of Ethiopia to have thorough information and analyze the potential consequences of liberalization. This term paper has three main parts in which the first part will discuss about trade liberalization with its justification and protectionism and its effects on economic development. The second part of the paper will focus on the opportunities and challenges of WTO membership to developing countries. In this part the consequences of the WTO membership of the developing countries will be analyzed in terms of its benefits and harms. The third part of the paper deals with the necessary precautions the developing countries are required to take before joining the WTO. In this part, the role of the WTO in helping the developing countries not to be affected negatively by becoming a member; necessary development level countries are required to attain before joining the WTO; and necessary measures to be undertaken during negotiation process not to take a commitment which will be against the national interest of the country. The fourth part deals on the Ethiopia WTO accession and assess the experience of WTO accessed least developing countries. Finally, the conclusion and recommendation with lessen to Ethiopia addressed.
Author: Kenji Takamiya
Author: Kenji Takamiya
Author: Alexei Kireyev
Author: Dylan Geraets
Author: Constantine Michalopoulos
Author: Uri Dadush
Author: Petros C. Mavroidis
Author: Craig VanGrasstek
Author: Thilo Rensmann
Author: Tewachew Alem