Regionalism within Multilateralism: WTO Review Mechanisms for RTAs

Sherzod Shadikhodjaev ()
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Sherzod Shadikhodjaev: KDI School of Public Policy and Management

No 10-5, Working Papers from Korea Institute for International Economic Policy

Abstract: Given different legal regimes which govern the global and regional trading systems, the WTO as such cannot stop the proliferation of RTAs. Nevertheless, the WTO can oversee them through its political and judicial review procedures. Notably, Article XXIV of the GATT, Article V of the GATS and the Enabling Clause contain certain procedural requirements for notification and multilateral review of RTAs concluded by WTO members (political track). In addition, RTAs may be challenged in WTO dispute settlement procedures (judicial track). This paper examines legal provisions and practice of the WTO review mechanisms, explores possible remedies for WTO-inconsistent RTAs, analyzes the transparency mechanism for RTAs, and in particular specific issues of linkage with the WTO judicial review procedures and the possibility of extending the scope of the transparency mechanism to the post-formation period of notified RTAs.

Keywords: Trading System; WTO; RTA; Notification; Transparency Mechanism For RTAs; Dispute Settlement; Remedies; CRTA; TPRM (search for similar items in EconPapers)
JEL-codes: F13 F15 F55 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2010-12-20
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwp:2010_005

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