A China Round of Multilateral Trade Negotiations

Aaditya Mattoo and Arvind Subramanian

No WP11-22, Working Paper Series from Peterson Institute for International Economics

Abstract: Until recently, the World Trade Organization (WTO) has been an eff ective framework for cooperation because it has continually adapted to changing economic realities. Th e current Doha Agenda is an aberration because it does not refl ect 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 redefi nes 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)
Date: 2011-12
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: A China Round of Multilateral Trade Negotiations (2012)
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