T20 Indonesia 2022 Policy Brief: Exploration Of New Methodologies And Configurations For An Effective Wto And To Strengthen The Multilateral Trading System

Rajeev Kher, Arun S. Nair, Mohamad D. Revindo (), Dandy Rafitrandi (), Yoshua Caesar Justinus, Yudhi Nauly () and Andreas Freytag ()
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Rajeev Kher: Research and Information System for Developing Countries
Arun S. Nair: Research and Information System for Developing Countries
Mohamad D. Revindo: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Yoshua Caesar Justinus: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 202202, T20 Indonesia 2022 Policy Brief from LPEM T20 Indonesia

Abstract: The rules-based Multilateral Trading System (MTS) is in need of reforms. Reasons include the consensus principle leading to stuck negotiations as well as bilaterals and plurilaterals; and the WTO DSM stalemate hindering speedy resolution of trade frictions. To improve the WTO’s effectiveness, we suggest a hierarchical framework for plurilaterals to support developing nations. We also propose a comparative analysis of the major plurilateral bodies to improve the WTO’s consensus-based decision-making process. To strengthen the rules-based MTS, we propose a G20 pledge against discriminatory trade policies along with a mechanism facilitated by G20 and the regional blocs to effect WTO reforms.

Keywords: mts; —; t20; —; multilateral; trading; system; —; wto; —; indonesia; —; wto; dsm (search for similar items in EconPapers)
Date: 2022-02, Revised 2022-02
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