Journal Article

Multilateral trade cooperation: what next?

Bernard Hoekman and David Vines

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 23, issue 3, pages 311-334
Published in print September 2007 | ISSN: 0266-903X
Published online January 2007 | e-ISSN: 1460-2121 | DOI: https://dx.doi.org/10.1093/oxrep/grm023
Multilateral trade cooperation: what next?

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This paper first briefly describes the role of the WTO and its history. It then lays out a simple bargaining model of international negotiations, which can be used for understanding the Doha Round of talks. Using this, we distil what we regard as the major potential explanations for the difficulties in these talks. We then discuss a number of the systemic questions that confront WTO members. We suggest that the WTO should concentrate on market access, rather than on promoting a development agenda or on further expanding its coverage to deal with regulatory issues or with other domestic policies.

Keywords: market access; global regulatory regimes; bargaining model; international negotiations; development agenda; F13; F15

Journal Article.  13598 words.  Illustrated.

Subjects: International Trade

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