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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: 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: Conferencia de las Naciones Unidas sobre Comercio y Desarrollo Publisher: United Nations Publications ISBN: 9789211125689 Category : Developing countries Languages : en Pages : 383
Book Description
This publication considers the key issues involved in World Trade Organization (WTO) accession, based upon the experience of the United Nations Conference on Trade and Development (UNCTAD) in assisting developing countries and countries in transition in the accession process. It examines the difficulties faced by acceding countries, particularly least developed countries (LDCs), and aims to promote the strengthening of support for their integration into the international trading system on balanced terms consistent with their development needs.
Author: Felix Eschenbach Publisher: World Bank Publications ISBN: Category : Econometric models Languages : en Pages : 26
Book Description
"The authors analyze the extent to which the EU-15 and 16 transition economies used the WTO General Agreement on Trade in Services (GATS) to commit to service sector policy reforms. They compare GATS commitments with the evolution of actual policy stances over time. While there is substantial variance across transition economies on both actual policies and GATS commitments, the authors find an inverse relationship between the depth of GATS commitments and the "quality" of actual services policies as assessed by the private sector. In part this can be explained by the fact that the prospect of EU accession makes GATS less relevant as a commitment device for a subset of transition economies. But for many of the non-EU accession candidates, the WTO seems to be a weak commitment device. One explanation is that the small size of the markets concerned generates weak external enforcement incentives. The authors' findings suggest greater collective investment by WTO members in monitoring and the need for transparency to increase the benefits of WTO membership to small countries. "--World Bank web site.
Author: Ihor Burakovsky Publisher: Springer Science & Business Media ISBN: 3790827096 Category : Political Science Languages : en Pages : 252
Book Description
Lars Handrich German Advisory Group on Economic Reforms with the Ukrainian Government 1 Ukraine on the way to WTO membership The first announcements by Ukraine to join the World Trade Organisation (WTO) were made in 1993. In the following year the Working group on Ukraine's accession was established. But successive Ukrainian governments had to sideline the issue of WTO accession, as the country went through a decade of unprecedented and severe economic decline. Only in the year 2000 the Ukrainian economy started to achieve positive real economic growth. Since then Ukraine embarked on a stable path of economic growth and continues to grow even under conditions ofa sluggish world economy and protectionist reflexes in some ofUkraine's export markets. According to the macroeconomic forecast of the Institute for Economic Research and Policy Consulting Ukrainian GDP will grow by 5,4% in 2003 in real terms and by 5,I% 1 in 2004. For Ukraine WTO accession is of special importance. Ukraine records an extremely high exports-to-GDP ratio of over 60% - almost twice the ratio for Germany.' The large ratio and the little diversified structure ofUkraine's imports and exports make Ukraine seriously vulnerable to external shocks resulting from changes in trade regimes. Joining the WTO, trade among WTO members amounting to more then 90% of world trade, could reduce the risks related to external trade and Ukraine could derive substantial economic and hence welfare benefits from the membership in WTO.
Author: David Tarr Publisher: World Bank Publications ISBN: Category : Russia (Federation) Languages : en Pages : 29
Book Description
"This paper is the introduction and summary chapter of the 43 chapter volume entitled Handbook of Trade Policy and WTO Accession for Development in Russia and the CIS. The key policy conclusions of each of the chapters are highlighted in this paper. The Handbook will be published only in Russian in 2005, but an English language version of the majority of the papers described here is available on the website www.worldbank.org/trade/russia-wto. This paper first explains the potential importance of World Trade Organization (WTO) accession as a development tool, and discusses the recent successful development models and the role of trade policy in their development. The paper then summarizes the three parts of the Handbook. The first part treats trade policy (with applications to Russia and the Commonwealth of Independent States [CIS]). The second part treats World Trade Organization institutions and disciplines, again with Russia and CIS applications. And the third part focuses on various aspects of the impact of WTO accession on Russia. The numerous papers that relate trade policy and WTO accession to experience in Russia and the CIS are likely to be of special interest to native English speakers, since these papers are new to the literature. The papers in the Handbook are intended to be non-technical materials accessible to a wide policy audience. The Handbook forms the basis of a World Bank Institute course on trade policy and WTO accession, which has been delivered and will be delivered again on multiple occasions. "--World Bank web site.
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: Uri Dadush Publisher: Cambridge University Press ISBN: 1316368661 Category : Law Languages : en Pages : 1015
Book Description
What have WTO accessions contributed to the rules-based multilateral trading system? What demands have been made by original WTO members on acceding governments? How have the acceding governments fared? This volume of essays offers critical readings on how WTO accession negotiations have expanded the reach of the multilateral trading system not only geographically but also conceptually, clarifying disciplines and pointing the way to their further strengthening in future negotiations. Members who have acceded since the WTO was established now account for twenty per cent of total WTO membership. In the age of globalization there is an increased need for a universal system of trade rules. Accession negotiations have been used by governments as an instrument for domestic reforms, and one lesson from the accession process is that there are contexts which lead multilateral trade negotiations to successful outcomes even in the complex and multi-polar twenty-first century economic environment.
Author: Felix Eschenbach Publisher: ISBN: Category : Languages : en Pages :
Book Description
The authors analyze the extent to which the EU-15 and 16 transition economies used the WTO General Agreement on Trade in Services (GATS) to commit to service sector policy reforms. They compare GATS commitments with the evolution of actual policy stances over time. While there is substantial variance across transition economies on both actual policies and GATS commitments, the authors find an inverse relationship between the depth of GATS commitments and the "quality" of actual services policies as assessed by the private sector. In part this can be explained by the fact that the prospect of EU accession makes GATS less relevant as a commitment device for a subset of transition economies. But for many of the non-EU accession candidates, the WTO seems to be a weak commitment device. One explanation is that the small size of the markets concerned generates weak external enforcement incentives. The authors' findings suggest greater collective investment by WTO members in monitoring and the need for transparency to increase the benefits of WTO membership to small countries.
Author: Constantine Michalopoulos
Author: Constantine Michalopoulos
Author: Constantine Michalopoulos
Author: Conferencia de las Naciones Unidas sobre Comercio y Desarrollo
Author: Felix Eschenbach
Author: Ihor Burakovsky
Author: David Tarr
Author: Tewachew Alem
Author: Uri Dadush
Author: Felix Eschenbach
Author: