Commentary
How do you work out a trade deal? If you are a party to one of the 280 or so other free trade agreements (FTAs) in the world[1], your starting point was the commitments you had made at the WTO. This is technically referred to trade on Most Favoured Nation (MFN) terms.[2] You and other […]
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What can be done to save the WTO? The question was on the minds of officials from 13 countries – including Canada, the European Union, Australia, Switzerland, Brazil, Kenya and Mexico – meeting in Ottawa at the end of October. The meeting came on the heels of proposals put forward by Canada and the EU, […]
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On 24 July 2018 the United Kingdom submitted to the World Trade Organisation (WTO) draft new national schedules of tariffs and equivalent charges on UK imports of goods, to come into effect when the UK leaves the European Union. Their contents will become public in due course. For now they are confidential to WTO member […]
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Emmanuel Macron has an appetite for big challenges. Not content with trying to rescue the Paris Agreement, the Iran nuclear deal, and stare down waves of strikes at home, he now wants to completely overhaul the WTO. His call came at an OECD forum, at the end of which the United States pointedly refused to […]
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As part of a new series of ‘Round Up Surveys’, TKE is asking trade experts from across the public and private sector for their opinions on topical trade issues, including Lord Gus O’Donnell, David Henig, and Dr Peter Holmes. Our first Round Up comes in the wake of President Trump’s comment that “trade wars are […]
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Customs arrangements and post-Brexit trade policy: What are the options? Theresa May’s cabinet has met this week in another of its recurring “crunch meetings” on its future position vis a vis the EU. The main bone of contention is the question of customs arrangements. Theresa May has already ruled out continuing membership of the EU’s […]
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The emergence of global value chains (GVCs) and global public goods presents an opportunity for the World Trade Organization (WTO) to play a larger role in international regulatory cooperation. This paper identifies the circumstances and modalities where the WTO is most likely to be successful. First, it assesses the circumstances in which international regulatory cooperation is best […]
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Donald Trump’s decision to repudiate the Joint Comprehensive Plan of Action agreed with Iran has not only precipitated a security crisis, it will also further ratchet up tensions in world trade. Trade is a fundamental part of the deal, for Iran, but also the European Union. In just two years, EU exports to Iran increased […]
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WTO membership and the European Union It is commonly (and loosely) said either that at the point of withdrawal from the European Union the United Kingdom will need to join the WTO as an independent member; or that the UK will resume its original WTO seat as an independent member. Neither proposition is strictly true. […]
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Originally international trade agreements were about reducing tariffs on trade in goods, but with growing globalisation and since the Tokyo Round Agreements in 1973 non-tariff issues such as standards, investment and employment rights have become equally, or more, important in negotiation both multilaterally and in regional associations.
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