Chapter

Institutional Aspects of Global Trade Governance from an EU Perspective

Frank Hoffmeister

in The EU's Role in Global Governance

Published in print January 2013 | ISBN: 9780199659654
Published online May 2013 | e-ISBN: 9780191748189 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780199659654.003.0010
Institutional Aspects of Global Trade Governance from an EU Perspective

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This chapter explores the institutional aspects of global trade governance. The first section examines how decision-making functions in the WTO, and how WTO-related decisions are taken within EU. The second section conducts a similar inquiry in the context of G20 decision-making. On that basis, it addresses the following question: can the European Union, under the current institutional structure of the international trading system, live up to its constitutional commitment to contribute to ‘free and fair trade’ as laid down in Article 3(5) of the Treaty on European Union? In light of the analysis of WTO and G20 decision-making, the chapter presents a critical assessment on the need to reform the respective governance structures based on the ambitions stated in the EU Treaty.

Keywords: international trade; trade policy; global governance; World Trade Organization; G20; European Union; free trade; fair trade; treaty on european union; governance structures

Chapter.  11083 words. 

Subjects: EU Law

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