EconPapers    
Economics at your fingertips  
 

Re-Thinking Reciprocity: A New Framework for WTO Disciplines on North-South Regional Trade Agreements

Lorand Bartels and Thomas Cottier

Papers from World Trade Institute

Abstract: Abstract The Economic Partnership Agreement (EPA) negotiations between the European Union and its African, Caribbean and Pacific (ACP) partners represent the most significant free trade agreement negotiations between developed and developing countries to date, and hold valuable lessons for the ongoing review of WTO rules on development aspects of regional trade agreements. These negotiations, which have proceeded on the basis of existing WTO rules, serve neither trade nor development objectives. The central reason for this is that existing WTO rules – principally Article XXIV GATT – have a ‘tariff bias’ in which only liberalization in goods is taken into account in determining the legality of a regional trade agreement. Based on an analysis of the development and trade issues in the EPA negotiation process, this paper proposes a new view of measuring RTA liberalization in which account is also taken of a broader set of economic interests – including services, aid-for-trade and trade facilitation. This paper also demonstrates that such an understanding of regional trade liberalization does not conflict with the original purpose of Article XXIV, even if there is a need for some reform of this provision to bring it up to date. The paper concludes with a series of legal options that reflect this outcome, ranging from a re-interpretation of existing RTA disciplines to formal reform.

Keywords: Regional trade agreements; free trade agreements; developing countries; Economic Partnership Agreements; EU-ACP trade relations; tariff negotiations; Article XXIV GATT. (search for similar items in EconPapers)
Date: 2013-05-06
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.wti.org/media/filer_public/7f/69/7f698d ... _-_bartels_et_al.pdf First version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wti:papers:516

Access Statistics for this paper

More papers in Papers from World Trade Institute Contact information at EDIRC.
Bibliographic data for series maintained by Morven McLean ().

 
Page updated 2020-08-01
Handle: RePEc:wti:papers:516