Formulating New Approaches to Strengthen Multilateral Trading System

Nisha Taneja (), Prateek Kukreja and Kishika Mahajan
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Nisha Taneja: Indian Council for Research on International Economic Relations (ICRIER)
Prateek Kukreja: Indian Council for Research on International Economic Relations (ICRIER)

Indian Council for Research on International Economic Relations (ICRIER) Policy Paper from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: The range of challenges that the WTO faces currently is very vast, and in this brief, we limit ourselves to only some of the major issues and challenges - the Plurilateralism debate, the Appellate Body crisis, the conflict between WTO rules and the global commons, Special and Differential Treatment (S&DT) and selfdefining status and Industrial Subsidies and State-Owned Enterprises (SOEs). We highlight some of the possible options that would help reform the WTO, for instance, ensuring WTOconsistent plurilateral agreements as a future course of action, encouraging adoption of measures like - graduation or self-determination to resolve the S&DT debate, and finally the importance of the political will of its member nations to and view these issues at a global level rather than being country specific.

Keywords: WTO; GATT; multilateral trading system; icrier (search for similar items in EconPapers)
Pages: 18 page
Date: 2012-11
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Persistent link: https://EconPapers.repec.org/RePEc:bdc:ppaper:09

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