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The Multilateral Trading System
1992In 1965, the compatibility of the European Common Market for manufactured goods with the multilateral trading system was confirmed by the consolidation of the Common External Tariff (CET) and its reduction during the Dillon and Kennedy Rounds of multilateral trade negotiations.
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Regionalism and the Multilateral Trading System
2018Regionalism and the Multilateral Trading System: The Role of Regional Trade Agreements is a discussion about the new reality and the evolution of the reduction of international barriers to freer trade under the World Trade Organization (WTO) formerly the General Agreement on Trade and Tariffs (GATT). The chapter devotes time to the two largest regional
James P. Murphy, Carolan McLarney
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Ideology and the Multilateral Trade System
1993A clear difference between Japan and its major trading partners was confirmed by Japan, itself, in 1973, when it volunteered to restrict its imports to counter the threat that the United States would embargo — and later place a duty — on the export of edible fats and, in particular, on soy beans without taking formal import restrictive measures.
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LDCs in the Multilateral Trading System
2007In 1971, the poorest countries of the world were designated by the United Nations as the least developed countries (“LDCs”).1 Based on the criteria established at that time 25 countries fell into this category. However, over the period of last three decades, the number of countries falling into this category continued to grow, with only one country ...
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Developments in the System of Multilateral Trade
1959The world economy developed very gradually over the course of centuries. Until the 17th century, international trade centered in Western Europe and was still essentially bilateral in nature, influenced by the highly protectionistic policies of the Mercantilists.
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Escape and Entry Mechanisms in the Multilateral Trade System
SSRN Electronic Journal, 2002Escape mechanisms from trade agreements are necessary because such agreements are incomplete, self-enforcing, contracts negotiated when the future is unknown. The essence of multilateral escape mechanisms is the principle of equivalent withdrawal of concessions, which allows trade agreements to result in efficient outcomes but implies that realized ...
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Regional Trade Agreements and the Multilateral Trading System
2016The book contains a collection of studies examining trade- related issues negotiated in regional trade agreements (RTAs) and how RTAs are related to the WTO’s rules. While previous work has focused on subsets of RTAs, these studies are based on what is probably the largest dataset used to date, and highlight key issues that have been negotiated in all ...
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The proliferation of unilateral trade measures and the crisis of the multilateral trading system
Journal of International Dispute SettlementAbstract Following President Trump’s assumption of office at the start of the year, he introduced a series of tariff measures. These unilateral trade actions, especially the reciprocal tariffs, could have profound and far-reaching consequences, potentially undermining the very foundations of the multilateral trading system.
Guang Ma, Hong Wu
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