A China Round of Multilateral Trade Negotiation- Working Paper 277

Aaditya Mattoo
Authors registered in the RePEc Author Service: Arvind Subramanian and Aaditya Mattoo

No 277, Working Papers from Center for Global Development

Abstract: Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the biggest shifts in the international economic and trading system: the rise of China. Even though China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. First, a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broad non-discriminatory trading order.

Keywords: China; trade; multilateralism; WTO; Doha agenda (search for similar items in EconPapers)
JEL-codes: F1 F2 F5 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2011-12
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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