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- W2580996678 abstract "Today, the rules developed within the World Trade Organization (WTO) are no longer limited to market access, undistorted competition, and the coordination of domestic trade policies. Increasingly, WTO rules affect the internal policies of member states in a wide array of areas formerly considered to have purely domestic relevance. This leads to a new challenge for the WTO, which must now take into account non-economic values such as environmental protection, social issues, or fair competition without allowing them to unduly reduce important achievements in the traditional areas of GATT and WTO negotiations over almost sixty years. This paper looks at the traditional functions and activities of the WTO as an organization, namely negotiations, dispute settlement, and outreach. With regard to the traditional model of GATT/WTO negotiations (including negotiating rounds and consensus), the paper argues that this model no longer suffices in view of the new issues involved and the complexity of the social problems touched upon. This should also lead to (among other things) the creation of a judicial committee that would finally tackle systemic issues in a more coherent manner than has been possible so far. The dispute settlement mechanism of the WTO is one of the areas that have been most discussed in the years following the coming into effect of the Marrakesh Accord. Here, issues such as the (partial) professionalization of the dispute settlement panels and their secretariats, a strengthening of legal services within the WTO with a view to establishing a genuine WTO legal adviser, interim measures, and monetary sanctions could improve the current system and help overcome some of the current criticism. In addition, a legal committee and possibly an advisory body consisting of representatives from academia could be very helpful. With regard to outreach, it is recommended that the WTO work in closer collaboration with regional offices, as do other international institutions. Greater local presence and a better understanding of local problems would increase its credibility and acceptance by various constituencies worldwide. This could also be achieved by creating a network of partner universities and academic institutions involved in teaching and research in the area of world trade." @default.
- W2580996678 created "2017-02-03" @default.
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- W2580996678 date "2004-01-01" @default.
- W2580996678 modified "2023-09-23" @default.
- W2580996678 title "Challenges Facing the WTO" @default.
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